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Sunday, May 1, 2011

Stock Market Overview for 5/1/11

During regular trading hours, there were many stocks that continued to break up to the upside. These stocks are usually going up  with news.If you are looking to day trade today, you might want to check out the following stocks. I usually throw these on my watch list and monitor with resistance & support levels. Below are a list of stocks that I am watching for May 02, 2011.Also check out my Top 2011 Stock GainersStocks to Buy 2011.You can also check previous stocks to buy reports- Right Here

Top Stocks Performance of the day:These are  stocks that continued to break up to the upside or down side. These stocks are usually going up or down with news or technical.If you are looking to day trade, you might want to check out the following stocks.

New High:   LVB, ACOM, STBC, ZOLL 
Overbought:  KAR, PCRX
Unusual Volume: USB MFI, STBC, HEOP  
Upgrade: KMT
Earnings Before: AGP
Insider Buying: NARA

For Market TA analysis
Stock Market  Closing Price 4/29/11

$INDU Dow Industrial Close -
   12810.54 Up 47.23
$COMPQ Nasdaq Composite Close  
2873.54 Up 1.01
$SPX S&P 500 Close 1363.61 Up 3.13

Commodities Closing Price 

Gold Close -  1561

Oil Close - 113.66

Natural Gas Close -4.68
SP 500
Long term signals : Bullish
Short term signals : Neutral

Stop  @ 1250
QQQQ (Nasdaq 100) : Bullish, stop @ 55
INDU: Bullish, stop @11000
COMPQ:Bullish, stop @ 2600
Top trend : Techs  
Value : Financial

Euro Dollar : Bullish
US Dollar index : Bearish  
Gold : Bearish, stop @ 1330
10 Y US Yield : Bullish, above 2.8 stop
30 Y US Bond : Short, stop @ 132

World Market
UK's FTSE:  Bullish, stop @ 5700
Germany's DAX: Bullish, stop @ 6340
France's CAC: Bullish, stop @ 3800
Shanghai : Bullish
Japan Nikkei : Bullish

The S&P 500 gained 1.9% as most companies continue to top earnings expectations and first quarter GDP grew at a slightly faster-than-expected pace. As stocks gained, the dollar fell, gold hit a new record and oil prices rose to a fresh multiyear high. Support for the SPX remains at 1340 and then 1320, with resistance at 1370 and then 1386.So we should trade small lot.Take a look all 1/5/15/60m chart if we want to trade this market.

I also have  technical analysis different stocks-Right Here. 
Take a look some market indicator charts- Click all charts
$SPX - 60 min
$CPC daily
INDEX Bullish percent index (EOD)
Simple Trading System  
QQQQ Daily 

FOR 05/02 SPX resistance, pivot & support
Resistance R3 1370.43, R2 1368.15, R1 1365.88
Pivot Point 1362.28
Support  S1 1360.61, S2 1356.41, S3 1354.14

FOR Weekly 05/02-05/06  SPX resistance , pivot & support
Resistance R3 1397.65, R2 1386.30, R1 1374.95
Pivot Point 1353.21
Support  S1 1341.86, S2 1320.12, S3 1308.77

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