Daily Market Analysis: Stock Market Overview for 5/29/11

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 31,2011. 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: AATI, KV-A, FTWR, BCON, ARL, LPHI, URG
New High: AATI, VHI, AVD
Overbought: AMMB, NSM
Unusual Volume: AATI, CEBK, SSE, PMA
Upgrade: SNE
Earnings Before: GHM
Insider Buying: ADPT

For Market TA analysis
Stock Market Closing Price 5/27/11

$INDU Dow Industrial Close -   12441.58 Up 38.82
$COMPQ Nasdaq Composite Close   2796.86 Up 13.94
$SPX S&P 500 Close - 1331.10 Up 5.41

Commodities Closing Price
Gold Close - 1536
Oil Close - 100.75
Natural Gas Close -4.52
Silver 37.96

SP 500
Long term signals : Bullish
Short term signals : Neutral

Stop @ 1250

QQQ (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

U.S. markets are closed Monday for Memorial Day. For the remainder of the week, new developments in Europe and employment data in the U.S. will be in focus. In addition to the jobless claims report, the May employment report will be released on June 3.Support for the SPX remains at 1305 and then 1295, with resistance at 1340 and then 1350.So we should trade small lot.Take a look all 1/5/15/60m chart if we want to trade this market.

Earnings Preview for the week of May 30th-June 3rd : Companies reporting earnings the week of May 30th-June 3rd include:

Monday: Markets are closed
Tuesday: EJ, LGF, PVH, and GAME.
Wednesday: DAKT, DG, VIP, CEDU, CWTR, CPRT, ESL, XIDE, SNDA, and VRA.
Thursday: CHRS, CYBX, ENS, TFM, JOYG, MPR, MOV, UNFI, UTIW, COO, DMND, SAI, and PAY
Friday: AMWD and BTH

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 05/31 SPX resistance, pivot & support
Resistance R3 1343.55, R2 13339.40, R1 1335.25
Pivot Point 1330.47
Support S1 1326.32, S2 1321.54, S3 1317.39

FOR Weekly 05/31-06/03 SPX resistance , pivot & support
Resistance R3 1357.44, R2 1348.66, R1 1339.88
Pivot Point 1325.84
Support S1 1317.06, S2 1303.02, S3 1294.24