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Stock Market & Financial Investment News

News Breaks
February 12, 2013
14:25 EDTSPY, SPXS&P 500 tags the 1520s, levels to watch
Traders have been talking about the prospect of hitting the 1520 area on the index since November, and today the level was touched and briefly taken out on the upside. There is now not a lot of resistance before the index would reach its life highs. The bulls will argue that this time is different, on the third test of those highs, as we are exiting a recession rather than beginning one. When and if the breakout takes place, it could well end up converting skeptics as professional managers attempt to keep up with their peers. A breakout if it comes would also end 12 years of sideways motion in a huge trading range which on a yearly chart looks much like consolidation of the previous uptrend. While such a move isn't today's business, it is worth keeping in mind if the index continues to move up. For now, resistance is at 1523.57. Support is at 1518.31. Sectors are mixed today, with Technology, Health Care, and Consumer Staples laggards or in the red. The Financials and Industrials are seeing the best relative strength.
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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 EDTSPY, SPXS&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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