New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 15, 2013
15:26 EDTSPX, SPYS&P 500 break below 1520, levels to watch
The index is trading close to the lows heading into the final half-hour of trading, and is just above the 10-day moving average at 1514.17. The lows were hit on a leaked memo from Wal-Mart (WMT) concerning February sales which helped take down the retailers. The fact that the low was at the 10-day suggests traders are tempering concerns, or we might well be below it at this stage. For now, the 10-day remains a key support level as it has since the November and January lows. Resistance is at 1519.43. On a sector basis only the Utilities are higher, a traditional "risk off" sector play. Energy, Financials, and Materials are weakest, followed by Consumer Discretionary.
News For SPY;SPX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for SPY;SPX

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use