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Saturday, June 23, 2012

Stock Market Technical Analysis for Next Week - June 25-29, 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 25, 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: HNR, ALXA, RGDX, CACB, RBNF, CSUN, LIVE
New High: LIVE, RBNF, SNTA, FNLC
Overbought: PCYC, NOIZ
Unusual Volume: WWAY, FFNW, DJCO, FMNB
Upgrade: KMB
Earnings Before: --
Insider Buying:  MCZ


Biggest Gainers 6/22/12
Composite Biggest Gainers 
Ticker     Company     Change 
HNR    Harvest Natural Resources Inc.    86.89%
NPSP    NPS Pharmaceuticals, Inc.    14.03%
SNTA    Synta Pharmaceuticals Corp.    12.95%
MMR    McMoRan Exploration Co.    11.84%
DEPO    DepoMed Inc.    11.09%
NLNK    NewLink Genetics Corporation    11.05%
FRP    Fairpoint Communications, Inc.    9.59%
ISIS    Isis Pharmaceuticals, Inc.    9.38%
EBIX    Ebix Inc.    9.31%
FSLR    First Solar, Inc.    9.22%
OMN    OMNOVA Solutions Inc.    9.10%
BGFV    Big 5 Sporting Goods Corp.    8.86%
KIOR    KiOR, Inc.    8.49%
STNG    Scorpio Tankers Inc.    8.48%
ZLTQ    ZELTIQ Aesthetics, Inc.    8.24%
THRX    Theravance Inc.    8.10%
VICR    Vicor Corp.    8.06%
FUBC    1st United Bancorp, Inc.    8.04%
EDMC    Education Management Corporation    7.95%
OSIR    Osiris Therapeutics, Inc.    7.85%
FST    Forest Oil Corp.    7.74%
HXM    Homex Development Corp.    7.70%
GNE    Genie Energy Ltd.    7.05%
AREX    Approach Resources, Inc.    7.04%
SUSS    Susser Holdings Corporation    6.93%
SANM    Sanmina-SCI Corp.    6.80%
ISSI    Integrated Silicon Solution Inc.    6.78%
IILG    Interval Leisure Group, Inc.    6.60%
SGI    Silicon Graphics International Corp.    6.59%
FDML    Federal-Mogul Corp.    6.48%
ARAY    Accuray Incorporated    6.48%
MDCA    MDC Partners Inc.    6.41%
FSL    Freescale Semiconductor Holdings I, Ltd.    6.30%
TEA    Teavana Holdings, Inc.    6.13%
IMGN    Immunogen Inc.    6.02%
TSRX    Trius Therapeutics, Inc.    6.02%
RTEC    Rudolph Technologies Inc.    6.00%
UCTT    Ultra Clean Holdings Inc.    5.97%
RPRX    Repros Therapeutics Inc.    5.93%

Composite Biggest Losers 
Ticker     Company     Chang
ARNA    Arena Pharmaceuticals, Inc.    -15.41%
R    Ryder System, Inc.    -13.03%
ORI    Old Republic International Corp.    -12.05%
PHMD    PhotoMedex, Inc    -8.30%
PDII    PDI, Inc.    -7.44%
PLX    Protalix BioTherapeutics, Inc.    -6.21%
AMBT    Ambient Corporation    -5.80%
CECE    CECO Environmental Corp.    -5.44%
TX    Ternium S.A.    -5.44%
PDH    PetroLogistics LP    -5.12%
SRI    Stoneridge Inc.    -4.98%
MR    Mindray Medical International Limited    -4.42%
TREE    Tree.Com, Inc.    -4.34%
ALSN    Allison Transmission Holdings, Inc.    -4.22%
ENVI    Envivio, Inc.    -4.20%
TLYS    Tilly's, Inc.    -4.14%
FLT    FleetCor Technologies, Inc.    -4.00%
MBWM    Mercantile Bank Corp.    -3.96%
EC    Ecopetrol SA    -3.91%
LOV    Spark Networks, Inc.    -3.89%
FMNB    Farmers National Banc Corp.    -3.80%
TREX    Trex Co. Inc.    -3.78%
REXI    Resource America, Inc.    -3.77%
CPNO    Copano Energy LLC    -3.77%
PEET    Peet's Coffee & Tea, Inc.    -3.70%
TTEK    Tetra Tech Inc.    -3.68%
AACC    Asset Acceptance Capital Corp.    -3.58%
FNBN    FNB United Corp.    -3.58%
EML    Eastern Co.    -3.54%
ITT    ITT Corporation    -3.53%
EBR    Centrais Electricas Brasileiras S.A.    -3.51%
EPOC    Epocrates, Inc.    -3.50%
LION    Fidelity Southern Corporation    -3.49%
RLJ    RLJ Lodging Trust    -3.47%
WERN    Werner Enterprises Inc.    -3.41%
MODL    Mondi Limited    -3.40%
ROVI    Rovi Corporation    -3.39%
M    Macy's, Inc.    -3.26%
QLTY    Quality Distribution Inc.    -3.22%

SP 500
Long term signalsBullish
Short term signals :
Bearish

Stop  @ 1266

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

The stock market ended the week 0.6% below where it began. That is really the result of a dramatic one-day drop, though.

Broad market trade began the week in a relatively choppy, lackluster manner. Participants generally shrugged off news that early election polls in Greece pointed to a preference for the country's pro-austerity party. The apparent indifference came as precarious conditions in Spain took the yield on the country’s 10-year Note back above 7%.

Stocks advanced 1% on Tuesday for their strongest performance of the week as market participants prepared for announcements from the Fed scheduled for the following day. The effort gave the stock market its first finish above its 50-day moving average in more than a month.

Data featured a housing starts number for May that hit an annualized rate of 708,000, which is a little light relative to the rate of 719,000 that had been generally expected. However, the prior month figures were revised upward to reflect an annual rate of 744,000 housing starts.

Building permits climbed from the prior month's upwardly revised rate of 723,000 to 780,000 for May to best the pace of 725,000 that had been expected, on average, among economists polled by Briefing.com.

Although most of the market’s focus was on forthcoming Fed commentary, JPMorgan Chase (JPM 35.99, +0.48) CEO Jamie Dimon provided participants with some theatre by returning to Capitol Hill for a testimony to the House Financial Services Committee. Nothing was stated that deviated from comments made to the Senate Banking Committee last week. FedEx (FDX 90.54, -0.09) posted an upside earnings surprise, but issued downside guidance, while Oracle (ORCL 28.00, +0.19) had an in-line outlook on better-than-expected earnings.

On Wednesday it was all about the Fed. The latest FOMC Directive moved to extend "Operation Twist" through the end of the year in an effort to extend the average maturity of the Fed's securities holdings. Fed Chairman Bernanke stated that additional asset purchases would be considered by the Fed if necessary, but many participants had hoped for more from the Fed this time around, especially in light of the Fed’s lackluster forecast for 2012.

The Fed now expects real GDP growth for 2012 to range from 1.9% to 2.4%, down from the range of 2.4% to 2.9% that was previously projected. Unemployment for 2012 is now expected to range from 8.0% to 8.2%, which is up from the previously forecasted range of 7.8% to 8.0%.

Corporate news was overshadowed, though it featured a disappointing forecast from Procter & Gamble (PG 59.83, +0.08) and word that JPMorgan Chase exited some 65-70% of its losing position. Discover Financial (DFS 33.61, +0.16) served up in-line earnings and guidance that helped earn it favorable reviews from a few analysts.

Perhaps it was a delayed response to the Fed’s Directive and forecast, or maybe it was disappointing economic data, but stocks fell more than 2% on Thursday for their worst single-session slump since December.

Prior to the open market participants learned that China’s PMI manufacturing report pointed to an eighth consecutive month of contraction. Germany, Europe’s most diverse and robust economy, also posted a disappointing number that pointed to tighter activity. Domestic data featured a Flash PMI Manufacturing of 52.9 – the worst reading in 11 months. The Philadelphia Fed Survey fell unexpectedly to -16.6 for June. It was its worst reading since August 2011.

Existing home sales set an annualized rate of 4.55 million units during May, as had been generally expected, but the pace was stronger in the prior for month when it registered a rate of 4.62 million units. Leading Indicators for May increased by 0.3%, which is better than the flat reading that had been widely forecasted to follow the 0.1% decline in the prior month.

On Friday stocks fought to recover some of their prior session losses. The effort concluded with the three major equity averages at or near session highs with varied gains. The Nasdaq outperformed its counterparts with help from some large-cap Tech players. Blue chips fared less well, hampering the Dow.

Headlines were relatively light, but news that analysts at Moody’s downgraded credit ratings several banks created some buzz. Despite the action, shares of banks and diversified financial services players attracted buyers, such that the KBW Bank Index climbed in excess of 1%.

All 10 major sectors settled in positive territory. Utilities were at the bottom end of things as market participants showed little interest for the defensive-oriented sector. It advanced just 0.1%.

Small-cap stocks scored particularly strong gains, as measured by the Russell 2000, which settled higher by about 1.4%. The annual reconstitution of the Russell Indices took place today.

Volatility cooled considerably amid the generally improved tone. In fact, the Volatility Index fell about 10% after it had spiraled higher in the prior session. DJ30 +67.21 NASDAQ +33.33 NQ100 +1.1% R2K +1.4% SP400 +0.6% SP500 +9.51 NASDAQ Adv/Vol/Dec 1772/2.26/740 NYSE Adv/Vol/Dec 2073/1.48 bln/939

Support for the SPX remains at 1320 and then 1300 with resistance at 1348 and then 1360.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 6/25 SPX resistance, pivot &  support
Resistance R3 1351.82, R2 1344.82, R1 1339.92
Pivot Point 1332.92
Support  S1 1328.92 S2 1321.02,  S3 1316.12
 
FOR Weekly 6/25-6/29 SPX resistance , pivot & support
Resistance R3 1396.56, R2 1380.01, R1 1357.51
Pivot Point 1340.96
Support  S1 1318.46, S2 1301.91, S3 1279.41



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