Daily Market Analysis: Stock Market Overview for 5/21/11

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 23,2011.Also check out my Top 2011 Stock Gainers, Stocks 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.

Top Gainers: OPXT, LNG, BKS, HSWI, RRGB, DATE
New High: DATE, RRGB, FL, VHI
Overbought: VLCM, DPZ
Unusual Volume: ZIPR, CAZA, RRST, CHII
Upgrade: LECO
Earnings Before: ANN
Insider Buying: ADPT

For Market TA analysis
Stock Market Closing Price 5/20/11

$INDU Dow Industrial Close -   12512.04 Down 93.28
$COMPQ Nasdaq Composite Close   2803.32 Down 19.99
$SPX S&P 500 Close - 1333.27 Down 10.33

Commodities Closing Price
Gold Close - 1511
Oil Close - 99.61
Natural Gas Close -4.26
Silver 34.94

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 stock market ended the week with a loss after being unable to sustain a midweek recovery effort. Tech stocks pushed the market lower after Hewlett-Packard disappointed investors and concerns over European debt continues to hurt investor confidence. The decline this week marked the S&P 500's third consecutive loss .Support for the SPX remains at 1320 and then 1310, with resistance at 1355 and then 1370.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
ALL QUICK LOOK INDEX DAILY CHARTS
QUICK LOOK ALL MAJOR INDEX WEEKLY
$USD
$VIX
$CPC daily
$SPX, $USD & $VIX
INDEX Bullish percent index (EOD)
Simple Trading System
QQQQ Daily
COMPQ

FOR 05/23 SPX resistance, pivot & support
Resistance R3 1353.33, R2 1346.64, R1 1339.95
Pivot Point 1335.31
Support S1 1328.62, S2 1323.98, S3 1317.29

FOR Weekly 05/23-05/27 SPX resistance , pivot & support
Resistance R3 1371.91, R2 1346.15, R1 1332.33
Pivot Point 1332.33
Support S1 1319.45, S2 1305.63, S3 1292.75