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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. | |
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| June 12, 2013 | | 09:46 EDT | | SPX, SPY | 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. | | | 08:45 EDT | | SPY | Standard and Poor's Depository Receipts: Pivot points
The following are the pivot points for SPY. Pivot High: $163.819, Pivot Low: $162.018. 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 11, 2013 | | 15:54 EDT | | SPY, SPX | S&P 500 heads for session lows at end of day
Subscribe for More Information | | | 09:39 EDT | | SPY, SPX | S&P 500 falls at open, bond yields rise, levels to watch
Subscribe for More Information | | | 08:47 EDT | | SPY | Standard and Poor's Depository Receipts: Pivot points
The following are the pivot points for SPY. Pivot High: $165.100, Pivot Low: $164.070. 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 10, 2013 | | 09:53 EDT | | SPX, SPY | S&P 500 turns negative as 10-year yield rises sharply
Subscribe for More Information | | | 09:02 EDT | | SPY | Standard and Poor's Depository Receipts: Pivot points
Subscribe for More Information | | | 08:49 EDT | | SPX | S&P 500: Pivot points
Subscribe for More Information | | | | June 7, 2013 | | 10:42 EDT | | SPY, SPX | S&P 500 continues higher, levels to watch
Subscribe for More Information | | | 10:03 EDT | | SPY, SPX | S&P 500 continues higher, levels to watch
Subscribe for More Information | | | 09:43 EDT | | SPY, SPX | S&P 500 rises moderately after employment data
The index is at 1628.77 at time of writing, up moderately from the prior session. At that price, next resistance is at 1631.28, the 30-day moving average. Support is at 1622.56, the prior day close. | | | 08:45 EDT | | SPY | Standard and Poor's Depository Receipts: Pivot points
The following are the pivot points for SPY. Pivot High: $163.980, Pivot Low: $161.490. 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 6, 2013 | | 09:40 EDT | | SPX, SPY | S&P 500 bounces off its 50-day moving average, levels to watch
Subscribe for More Information | | | 08:45 EDT | | SPY | Standard and Poor's Depository Receipts: Pivot points
The following are the pivot points for SPY. Pivot High: $162.346, Pivot Low: $160.056. 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 5, 2013 | | 14:16 EDT | | SPX, SPY | S&P 500 bounces off earlier lows, levels to watch
The index nearly made it down to its 50-day moving average at 1603.03 but bounced off lows od the day at 1609.28. The bounce however is weak, with the index still down over 1.1%. At the current price of 1612.34, support is at the session low and then at the 50-day moving average. Resistance is now at 1624.16. All sectors are in the red today, with Materials, Industrials, Financials, and Consumer Discretionary as downside leaders. Energy and Utilities, essentially close to flat, are relative out-performers. | | | 09:40 EDT | | SPY, SPX | S&P 500 dips at the open, levels to watch
The index is down a little more than a third-of-a-percent near the open, last at 1625.48. At that price, next support is at 1623.09, a prior pivot low, and then at 1616.64. The latter level if reached would still be above the low of the last month a 1614.21. The index is now trading below its 30-day moving average, at 1628.82, and its 10-day moving average, last at 1649. Both are significant areas of resistance. A big test of support, if it emerges, would be at 1603.03, the 50-day moving average. The latter might be a level where bulls dig in, but a breakdown below it would be significant as it would snap the intermediary-term uptrend. | | |
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