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Stock Market & Financial Investment News

News Breaks
December 21, 2012
09:52 EDTSPX, SPYS&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.
News For SPY;SPX From The Last 14 Days
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July 24, 2015
14:04 EDTSPXOn The Fly: Weekly technical notes on 'FANG' and divergences
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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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July 23, 2015
08:45 EDTSPYStandard and Poor's Depository Receipts: Pivot points
The following are the pivot points for SPY. Pivot High: $212.010, Pivot Low: $211.130. 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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July 22, 2015
08:45 EDTSPYStandard and Poor's Depository Receipts: Pivot points
The following are the pivot points for SPY. Pivot High: $212.245, Pivot Low: $210.895. 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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July 21, 2015
08:45 EDTSPYStandard and Poor's Depository Receipts: Pivot points
The following are the pivot points for SPY. Pivot High: $212.885, Pivot Low: $211.915. 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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July 20, 2015
08:45 EDTSPYStandard and Poor's Depository Receipts: Pivot points
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08:45 EDTSPXS&P 500: Pivot points
The following are the pivot points for the SPX. Pivot High: 2127.775, Pivot Low: 2118.745. 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.
July 17, 2015
11:50 EDTSPXOn The Fly: Weekly technical notes for Apple, S&P 500
Next week sees the most heavily weighted name in the S&P 500 (SPX), Apple (AAPL), report its earnings. At 3.94% of the index, what happens to price with Apple will most definitely impact the index. We have seen several big names in the S&P 500 with the all-too-familiar sideways range that the index itself has been stuck in. Names such as Google (GOOGL) and Apple have had or do have the same range-bound shape and the index is merely a weighting of those patterns. A breakout or a breakdown in Apple will therefore shape the index quite literally. Watch for The Fly's previews on Monday. Given the big jump in Google, why haven't we been able to break out in the index? One factor of course is the very large number of names that have yet to report. Next week is extremely heavy on reporting companies and may therefore prove to be the most productive trading week in some time and potentially the most volatile. Once again the week is heavily loaded toward Wednesday and Thursday. One potentially troublesome note needs to be mentioned and that is the potential negative divergence that is shaping up in the S&P 500. While big name such as Netflix (NFLX) are at fresh new life highs, others and whole sectors are floundering. The SPDR Gold (GLD) is hitting new lows and weak metals pricing is impacting Miners and Materials. Energy (XLE) is weak as is the interest-rate-sensitive Utilities (XLU) sector. Banking (XLF), Technology (XLK) and Consumer Staples (XLP) are dominating. It is odd to find Consumer Staples at a breakout point given that it is typically seen as a "safety" sector for troubled times. That is part of the odd mix investors face in this bull market. It may be a reflection of still-attractive yields in those names, but valuations in that group are looking quite stretched, far more than some of the biggest tech names.
08:45 EDTSPYStandard and Poor's Depository Receipts: Pivot points
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08:45 EDTSPXS&P 500: Pivot points
The following are the pivot points for the SPX. Pivot High: 2131.290, Pivot Low: 2117.420. 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.
July 16, 2015
08:45 EDTSPYStandard and Poor's Depository Receipts: Pivot points
The following are the pivot points for SPY. Pivot High: $210.945, Pivot Low: $209.705. 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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July 15, 2015
08:45 EDTSPYStandard and Poor's Depository Receipts: Pivot points
The following are the pivot points for SPY. Pivot High: $211.565, Pivot Low: $210.165. 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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July 14, 2015
08:45 EDTSPYStandard and Poor's Depository Receipts: Pivot points
The following are the pivot points for SPY. Pivot High: $210.315, Pivot Low: $209.355. 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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