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Stock Market & Financial Investment News

News Breaks
December 21, 2012
09:52 EDTSPY, SPXS&P 500 falls along with other indexes, levels to watch
The index is down over 1.1% at time of writing, which is off the lows of the session and more importantly off futures lows indicated in the pre-market. Markets globally have been under pressure since last evening when news that "fiscal cliff" resolutions were not likely to be acted on before 2013. The moves initially were extremely deep last night, but moderated throughout the market sessions in Asia. Better economic news this morning on income, spending, and durable goods also helped push stocks higher. While fundamental factors are at work, the move today is also quite clearly technical in nature. The index never significantly broke below its 10-day moving average, last at 1429.20. So far the action has all the appearance of a technical test of support at a bullish channel low. The 10-day is a proxy for that channel bottom. If there is further movement down, next support would be at 1421.61, and then at 1418.07. Resistance above the 10-day is at 1431.36. All sectors are in the red this morning, with declines quite uniform in scale across sectors. That lack of differentiation does suggest this move is technical.
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April 11, 2014
09:49 EDTSPY, SPXS&P 500 breaks to lows, bounces, levels to watch
The index slipped to a session low at 1819.67 out of the gate, but additional weakness has so far prompted buying and not selling. At the current price of 1825.19, resistance is at 1832.31. Looking ahead, now that the 1840-1880 range has resolved on the downside, for the moment, we can look at other significant levels. The bad news for bears is that for a significant break of the index to begin to happen, the 1811 to 1800 area is the one that would need to be broken. That could well happen if earnings and guidance disappoint next week. If they do not however, we could see consolidation at a lower band. That is, a sideways move at lower levels than the 1840-1880 range. That would frustrate both bulls and bears who have been looking for much larger movement.
08:45 EDTSPYStandard and Poor's Depository Receipts: Pivot points
The following are the pivot points for SPY. Pivot High: $185.162, Pivot Low: $180.922. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
08:45 EDTSPXS&P 500: Pivot points
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April 10, 2014
13:29 EDTSPX, SPYS&P 500 tests 1840 once again, levels to watch
The index is near 1840, a now familiar level to traders as the index has oscillated between 1840 and 1880/90 now for more than a month. A breakdown below 1840 would see next support at 1836.25. Resistance is at 1847.61. A move below 1840 that stopped at 1830 would just mean the existing range has been slightly expanded, just as 1890 was an expansion of the 1880 band which proved short-lived. Today is in many respects an inversion of yesterday's trading day, but without any real signs of panic with the exception of certain names, such as Pandora (P), where there are big give-ups.
08:45 EDTSPYStandard and Poor's Depository Receipts: Pivot points
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08:45 EDTSPXS&P 500: Pivot points
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April 9, 2014
08:45 EDTSPYStandard and Poor's Depository Receipts: Pivot points
The following are the pivot points for SPY. Pivot High: $186.155, Pivot Low: $184.345. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
08:45 EDTSPXS&P 500: Pivot points
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April 8, 2014
08:45 EDTSPYStandard and Poor's Depository Receipts: Pivot points
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08:45 EDTSPXS&P 500: Pivot points
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April 7, 2014
12:16 EDTSPX, SPYS&P 500 probes lows of six-week range, levels to watch
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08:46 EDTSPYStandard and Poor's Depository Receipts: Pivot points
The following are the pivot points for SPY. Pivot High: $188.050, Pivot Low: $184.450. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
08:46 EDTSPXS&P 500: Pivot points
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April 4, 2014
13:47 EDTSPY, SPXS&P 500 breaks support, levels to watch
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11:54 EDTSPX, SPYS&P 500 breaks opening price, levels to watch
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10:44 EDTSPY, SPXS&P 500 edges back toward session high, levels to watch
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08:45 EDTSPYStandard and Poor's Depository Receipts: Pivot points
The following are the pivot points for SPY. Pivot High: $188.925, Pivot Low: $187.755. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
08:45 EDTSPXS&P 500: Pivot points
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April 3, 2014
08:45 EDTSPYStandard and Poor's Depository Receipts: Pivot points
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08:45 EDTSPXS&P 500: Pivot points
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