Stock Market & Financial Investment News

News Breaks February 22, 2013 15:21 EDT SPY, SPX S&P 500 is on the cusp of trend change or confirmation, levels to watch The index has recovered from prior day lows, reversing in mean reverting fashion to the 10-day moving average. As we have discussed before, the 10-day is an important proxy for the uptrend off the lows of December and November. In both those months, the 10-day was violated on the downside but quickly reverted to become support. We may see that behavior here, or, a change in trend. The next week will be an important test or confirmation of the longer-term uptrend. At the current level of 1512.88, resistance is at the 10-day moving average, last at 1517.40. Support is at the opening price today of 1502.42. All sectors are in the green, with Materials, Energy, Technology, and the Financials the relative upside leaders. These were among the weakest sectors yesterday. News For SPY;SPX From The Last 14 Days Check below for free stories on SPY;SPX the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. 1 | 2 | 3 | all recent news | >> June 19, 2013 14:08 EDT SPX, SPY S&P 500 heads modestly lower after FOMC statement The index is down to 1643.52 at time of writing, less than half-a-percent lower, following the FOMC statement. And additional dissenter and a somewhat brighter outlook on unemployment may be spooking traders. At current price, next support is at 1639.25. Resistance is at the 1650 area. We could well see additional swings in price during Bernanke's remarks at 2:30PM ET. 12:15 EDT SPY S&P 500 June 165 straddle priced for 1.6% movement into Fed statement 08:45 EDT SPY Standard and Poor's Depository Receipts: Pivot points The following are the pivot points for SPY. Pivot High: $166.597, Pivot Low: $165.127. 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 EDT SPX S&P 500: Pivot points Subscribe for More Information June 18, 2013 11:49 EDT SPY, SPX S&P 500 hits session highs at mid-session, levels to watch Subscribe for More Information 08:45 EDT SPY Standard and Poor's Depository Receipts: Pivot points Subscribe for More Information 08:45 EDT SPX S&P 500: Pivot points Subscribe for More Information June 17, 2013 15:20 EDT SPX, SPY S&P 500 heads for session lows in last hour of trading Subscribe for More Information 10:03 EDT SPY, SPX S&P 500 hits resistance on approach to 1645 area, levels to watch Subscribe for More Information 08:45 EDT SPY Standard and Poor's Depository Receipts: Pivot points Subscribe for More Information 08:45 EDT SPX S&P 500: Pivot points Subscribe for More Information June 14, 2013 11:03 EDT SPY, SPX S&P 500 falls to session lows, levels to watch Subscribe for More Information 08:45 EDT SPY Standard and Poor's Depository Receipts: Pivot points Subscribe for More Information 08:45 EDT SPX S&P 500: Pivot points The following are the pivot points for the SPX. Pivot High: 1653.395, Pivot Low: 1622.215. 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. June 13, 2013 15:05 EDT SPX, SPY S&P 500 trades near highs of the session into last hour of trading Subscribe for More Information 08:45 EDT SPY Standard and Poor's Depository Receipts: Pivot points Subscribe for More Information 08:45 EDT SPX S&P 500: Pivot points Subscribe for More Information June 12, 2013 12:20 EDT SPY, SPX S&P 500 breaks support, levels to watch Support at 1617.50 has been broken. This puts next support at 1614.42, and then at 1608.90 which was last week's pivot low. Resistance is at 1622.56. 10:15 EDT SPX, SPY S&P 500 falls to session lows, levels to watch Subscribe for More Information 09:46 EDT SPY, SPX S&P 500 opens lower than futures indicated, slips lower The futures suggested an even higher open than the one we got, but that failed to materialize. The index was last at 1634.21, off the highs of the morning at 1637.71. That resistance level is close to 1640, which has become a familiar pivot for higher prices above, and lower price below. So far ranges are now and sectors are mixed, with the 1630 area being a first downside test. We may be in for a tug of war between bulls and bears without much index impact until there is a new catalyst. With earnings season getting closer, that may be one method of resolution. Japanese market volatility, notably in bonds and currency, may continue to supply volatility to our markets as well. 1 | 2 | 3 | all recent news | >> Sign up for a free trial to see the rest of the stories you've been missing.