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Friday, June 8, 2012

Stock Market Technical Analysis for Next Week - June 11-15, 2012

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 June 11, 2012. Also check out my Top 2011 Stock Gainers, Stocks to Buy 2012.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: MOH, CTC, FRAN, RLOG, CTFO, NAV
New High: PAMT, GV, OMER, INWK
Overbought: APPA, DUK
Unusual Volume: SDYL, KBWI, CVU, KTEC
Upgrade: MPWR
Earnings Before: KMGB
Insider Buying:  IDSA

Biggest Gainers 6/8/12
Composite Biggest Gainers 
Ticker     Company     Change 
MOH    Molina Healthcare Inc.    26.39%
FRAN    Francesca's Holdings Corporation    23.58%
CTFO    China TransInfo Technology Corp.    18.36%
NAV    Navistar International Corporation    17.63%
CAMP    CalAmp Corp.    16.61%
TPX    Tempur Pedic International Inc.    14.07%
YELP    Yelp, Inc.    12.10%
INWK    InnerWorkings Inc.    11.98%
TUMI    Tumi Holdings, Inc.    11.78%
MPWR    Monolithic Power Systems Inc.    10.31%
NEON    Neonode, Inc.    9.22%
OCZ    OCZ Technology Group, Inc.    8.65%
ONXX    Onyx Pharmaceuticals, Inc.    8.56%
CNC    Centene Corp.    8.01%
LCC    US Airways Group, Inc.    7.71%
SPLK    Splunk, Inc.    7.52%
PCYC    Pharmacyclics Inc.    7.51%
DXCM    DexCom, Inc.    7.49%
IMAX    IMAX Corporation    7.05%
FGP    Ferrellgas Partners LP    6.94%
MAKO    MAKO Surgical Corp.    6.57%
KORS    Michael Kors Holdings Ltd.    6.47%
LMNX    Luminex Corporation    6.22%
RGR    Sturm, Ruger & Co. Inc.    6.18%
VRA    Vera Bradley, Inc.    6.09%
CMTL    Comtech Telecommunications Corp.    5.87%
ARIA    Ariad Pharmaceuticals Inc.    5.48%
SCSS    Select Comfort Corporation    5.41%
NKTR    Nektar Therapeutics    5.30%
OPEN    OpenTable, Inc.    5.23%
PBY    Pep Boys - Manny, Moe & Jack    5.07%
CTB    Cooper Tire & Rubber Co.    5.04%
SGEN    Seattle Genetics Inc.    4.95%
ACOM    Ancestry.com Inc.    4.93%

Composite Biggest Losers 
Ticker     Company     Chang
NPSP    NPS Pharmaceuticals, Inc.    -11.91%
PRGS    Progress Software Corp.    -11.19%
ATPG    ATP Oil & Gas Corp.    -9.08%
ELLI    Ellie Mae, Inc. Common Stock    -6.67%
CALX    Calix Inc.    -6.01%
PDC    Pioneer Drilling Co.    -5.17%
CVU    CPI Aerostructures Inc.    -5.14%
FLT    FleetCor Technologies, Inc.    -5.00%
IOC    InterOil Corporation    -4.84%
GMCR    Green Mountain Coffee Roasters Inc.    -4.81%
BSFT    BroadSoft, Inc.    -4.74%
ERF    Enerplus Corporation    -4.65%
FST    Forest Oil Corp.    -4.26%
RIO    Rio Tinto plc    -4.12%
EXC    Exelon Corporation    -3.93%
BAS    Basic Energy Services, Inc.    -3.90%
X    United States Steel Corp.    -3.82%
BSBR    Banco Santander (Brasil) S.A.    -3.72%
CPA    Copa Holdings SA    -3.54%
AKS    AK Steel Holding Corporation    -3.49%
FMCN    Focus Media Holding Ltd.    -3.48%
SNE    Sony Corporation    -3.46%
SID    Companhia Siderurgica Nacional    -3.45%
SM    SM Energy Company    -3.37%
YUM    Yum! Brands, Inc.    -3.26%
NTAP    NetApp, Inc.    -3.13%
SN    Sanchez Energy Corporation    -3.07%
GTI    GrafTech International Ltd.    -3.04%
ATI    Allegheny Technologies Inc.    -2.95%
XNPT    Xenoport, Inc.    -2.91%
PBR    Petroleo Brasileiro    -2.89%
RES    RPC Inc.    -2.78%
KEG    Key Energy Services Inc.    -2.76%
MTL    Mechel OAO    -2.74%

SP 500
Long term signalsBullish
Short term signals :
Bearish

Stop  @ 1350

QQQ (Nasdaq 100) : Bearish, stop @ 50
INDU: Bullish, stop @10000
COMPQ:
Bearish, stop @ 2300
Top trend : Techs  
Value : Financial

Euro Dollar : Bullish
US Dollar index : Bearish  
Gold : Bearish, stop @ 1500
10 Y US Yield : Bullish, above 2.8 stop
30 Y US Bond : Short, stop @ 132

World Market
UK's FTSE:  Bullish, stop @ 4700
Germany's DAX:
Bullish, stop @ 5300
France's CAC:
Bullish, stop @ 2900
Shanghai :
Bearish
Japan Nikkei :
Bearish

A big mid-week bounce helped the S&P 500 score a weekly gain of 3.7%, helping it reverse the 3.0% that it lost during the course of trade last week.

Action this week began with the broad market slashing losses for a flat finish on Monday. Early weakness in response to a disappointing non-manufacturing PMI reading from China resulted in new multi-month lows before stocks stabilized and were then squeezed higher with help from Tech stocks.

On Tuesday market participants were dealt a mixed batch of Services PMI readings from Europe and news of a decline in eurozone retail sales. As for domestic data, the latest ISM Services Index improved incrementally in May to 53.7 from 53.5 in the prior month to best the Briefing.com consensus call of 53.1.

A teleconference between G-7 finance ministers regarding the persistently precarious conditions facing the eurozone and Spain’s banking system failed to provide any concrete action plans.

On Wednesday the stock market scored its best single-session percentage gain of 2012 by spiking in excess of 2%. The rally came in response to speculation that the Fed is weighing further stimulus options because of headwinds slowing the economic recovery. No official Fed statement was made, but European Central Bank President Draghi insisted that, if needed, actions would be taken after the ECB left its benchmark interest rate at 1.00%.

The Fed's latest Beige Book suggested that overall economic activity in the dozen Fed districts continued to increase at a modest to moderate pace in March and early April, while consumer spending was unchanged to up moderately.

The stock market’s strong, broad-based gains on Wednesday drove many traders out of Treasuries, such that the yield on the 10-year Note ran up to 1.65%, which is roughly 20 basis points above the record low set last week.

Stocks attempted to follow their impressive performance by climbing another 1% or so on Thursday, but all of that gain was given up by the session’s end. Initial buying was helped along by news that China's central bank trimmed its benchmark interest rate.

Many also held to the belief that efforts will be made to improve banking and financial conditions in Spain, which had its debt rating downgraded to BBB from A by analysts at Fitch after the country had held a successful debt auction earlier in the day.

The notion that the Fed will take steps further stimulate the domestic economy weren’t exactly given credence by Fed Chairman Bernanke, who failed to hint at any immediate plans during his speech before Congress.

The only dose of data for the day was an in-line weekly initial jobless claims count of 377,000. Continuing claims climbed to about 3.29 million from roughly 3.26 million.

On Friday stocks fought to reclaim the gains surrendered in the prior session. The broad market not only overcame an early loss, but managed to book a strong gain.

Financials proved to be a source of strength. The sector ascended from an early loss to a 1.2% gain with help from bank stocks, which collectively climbed 1.6%, based on the KBW Bank Index. Tech contributed to the effort by trading up to a 0.9% gain. For the week Financials advanced almost 5%, while Tech advanced little more than 4%.

Telecom scored the strongest gain after some mixed performances earlier in the week. The sector’s 1.5% gain contributed to a weekly advance of nearly 3%, which is less than what the broad market achieved.

Of the major sectors, only Energy failed to find positive territory. For the week it was up almost 4%, but on Friday it finished flat amid lower oil prices. Oil prices were down more than 2% in early pit trade, but managed to improve their position by the close. The energy component ended the day at $84.09 per barrel for a 0.8% loss. Earlier this week oil prices set a new 2012 low beneath $82 per barrel.

Data had hardly any sway, if any at all, with market participants. Releases featured a slightly narrower trade deficit of about $50 billion, along with an in-line 0.6% increase in wholesale inventories.

The euro endured selling for the entire session, but was able to halve an early loss so that it ended the day about 0.5% lower at $1.25. In contrast to recent weeks, action among stocks was less correlated to the euro’s movements this week.

Reports suggest that Europe’s leaders will convene this weekend to address Spain’s struggling banking system. The weekend also brings some price data from China. DJ30 +93.24 NASDAQ +27.40 NQ100 +0.9% R2K +1.1% SP400 +0.9% SP500 +10.67 NASDAQ Adv/Vol/Dec 1586/1.30 bln/886 NYSE Adv/Vol/Dec 2059/572 mln/939

Support for the SPX remains at 1300 and then 1265 with resistance at 1330 and then 1340.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
SPX DAILY CHARTS
QUICK LOOK ALL MAJOR INDEX WEEKLY

$SPX with component chart 
$VIX
$CPC daily
QQQQ Daily 
COMPQ



FOR 6/11 SPX resistance, pivot &  support
Resistance R3 1349.76, R2 1337.78, R1 1331.22
Pivot Point 1319.74
Support  S1 1313.68, S2 1301.70, S3 1295.64

FOR Weekly 6/11-6/15 SPX resistance , pivot & support
Resistance R3 1409.87, R2 13.69.46, R1 1347.56
Pivot Point 1307.15
Support  S1 1285.25, S2 1244.04, S3 1222.74



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