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Saturday, June 30, 2012

Stock Market Technical Analysis for Next Week - July 2-6, 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 July 2, 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: AMPE, KGJI, STZ, IRIX, SWHC, AZZ
New High:  AKEQU, TREE, AZZ, STZ
Overbought: AEPI, HZNP
Unusual Volume: GMTC, KEQU, BLND
Upgrade: BBBY
Earnings Before: FINL
Insider Buying:  AIM


Biggest Gainers 6/29/12
Composite Biggest Gainers 
Ticker     Company     Change 
AMPE    Ampio Pharmaceuticals, Inc.    28.93%
STZ    Constellation Brands Inc.    24.36%
SWHC    Smith & Wesson Holding Corporation    20.54%
VCLK    ValueClick, Inc.    16.24%
TAHO    Tahoe Resources Inc.    15.56%
SNTA    Synta Pharmaceuticals Corp.    13.49%
FBR    Fibria Celulose SA    12.97%
KBH    KB Home    12.64%
FINL    Finish Line Inc.    11.94%
TIBX    TIBCO Software Inc.    11.52%
QSII    Quality Systems Inc.    11.51%
NAV    Navistar International Corporation    10.99%
GGB    Gerdau S.A.    10.75%
FSIN    Fushi Copperweld, Inc.    10.70%
ING    ING Groep NV    10.23%
ROSE    Rosetta Resources, Inc.    9.90%
MDRX    Allscripts Healthcare Solutions, Inc.    9.85%
PETD    Petroleum Development Corporation    9.61%
PDC    Pioneer Drilling Co.    9.48%
KOG    Kodiak Oil & Gas Corp.    9.47%
BWS    Brown Shoe Co. Inc.    9.41%
ALLT    Allot Communications Ltd.    9.34%
OMX    OfficeMax Incorporated    9.29%
BBVA    Banco Bilbao Vizcaya Argentaria, S.A.    9.27%
VRTX    Vertex Pharmaceuticals Incorporated    9.26%
MILL    Miller Energy Resources, Inc.    9.17%
OSUR    OraSure Technologies Inc.    8.91%
IFSIA    Interface Inc.    8.87%
MTL    Mechel OAO    8.77%
WBC    WABCO Holdings Inc.    8.75%
XEC    Cimarex Energy Co.    8.70%
PDS    Precision Drilling Corporation    8.60%
ARO    Aeropostale, Inc.    8.59%
SABA    Saba Software, Inc.    8.54%
CRK    Comstock Resources Inc.    8.45%
ANF    Abercrombie & Fitch Co.    8.38%
GY    GenCorp Inc.    8.32%
VMW    VMware, Inc.    8.30%
CALX    Calix Inc.    8.30%

Composite Biggest Losers 
Ticker     Company     Chang
RIMM    Research In Motion Limited    -19.06%
CAMP    CalAmp Corp.    -12.74%
NKE    Nike Inc.    -9.40%
OSIR    Osiris Therapeutics, Inc.    -7.03%
TMH    Team Health Holdings, Inc.    -6.95%
OREX    Orexigen Therapeutics, Inc.    -6.10%
MJN    Mead Johnson Nutrition Company    -6.00%
IPXL    Impax Laboratories Inc.    -5.68%
BCS    Barclays PLC    -4.98%
F    Ford Motor Co.    -4.96%
AKS    AK Steel Holding Corporation    -3.77%
OMER    Omeros Corporation    -3.29%
WLP    WellPoint Inc.    -3.20%
VQ    Venoco, Inc.    -3.10%
AET    Aetna Inc.    -2.71%
CELL    Brightpoint Inc.    -2.70%
HUM    Humana Inc.    -2.66%
HK    Halc    -2.58%
ARNA    Arena Pharmaceuticals, Inc.    -2.49%
KRO    Kronos Worldwide Inc.    -2.47%
WCRX    Warner Chilcott plc    -2.40%
COG    Cabot Oil & Gas Corporation    -2.28%
FUN    Cedar Fair, L.P.    -2.25%
EDU    New Oriental Education & Technology Group    -2.16%
NR    Newpark Resources Inc.    -2.16%
VE    Veolia Environnement S.A.    -2.09%
CVH    Coventry Health Care Inc.    -2.06%
WLT    Walter Energy, Inc.    -2.00%
XCO    EXCO Resources Inc.    -1.94%
DAL    Delta Air Lines Inc.    -1.88%
UNH    Unitedhealth Group, Inc.    -1.85%
WCG    WellCare Health Plans, Inc.    -1.82%
BKW    Burger King Worldwide Holdings, Inc.    -1.64%
TUMI    Tumi Holdings, Inc.    -1.57%
RE    Everest Re Group Ltd.    -1.56%
IRWD    Ironwood Pharmaceuticals Inc.    -1.43%
SHOO    Steven Madden, Ltd.    -1.43%
CNC    Centene Corp.    -1.41%
ABM    ABM Industries Inc.    -1.36%

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 S&P 500 bounced 2.5% to score its best one-day percentage gain since December. The move helped fuel a strong weekly and monthly gain, but wasn’t enough to move stocks out of the red for the month.

A foray into stocks followed news that Eurozone officials have opened the door for Spain's banks to be directly recapitalized with bailout funds once Europe sets up a single banking supervisor. Moreover, Spain will not have to take on additional sovereign debt.

Market participants were also pleased to learn of a growth package worth 120 billion euros that will be aimed at boosting the European Investment Bank’s lending capacity.

The commitment of additional funds to address precarious conditions was taken as a positive rather than as a negative with implications for fiscal conditions. In turn, the euro rallied aggressively. By session’s end the euro was up 1.7% against the greenback.

Improved sentiment among market participants and a decidedly weaker dollar helped the case for commodities. In fact, the CRB Commodity Index rallied 4.6% for its best single-session spike in almost three years.

Crude oil was a primary driver of the CRB’s climb ahead of the EU's Iran oil sanctions set to begin on July 1. The energy component rallied 9.4% to settle at $85.02 per barrel, which translates into a 6.6% weekly gain.

With oil prices up and market participants willing to take on more risk, Energy stocks rallied to a collective gain of a little more than 3%. Still, they were slightly outperformed by Industrials and Tech plays; those two sectors each scored gains of 3.3%.

Utilities, which are decidedly defensive, encountered some selling after pushing higher in the early going. The sector was able to find support at the flat line before fighting to reclaim gains. It settled the session with a 0.6% gain, only a fraction of what the broad market scored.

Nike (NKE 87.78, -9.11) shares suffered a precipitous drop despite the decidedly positive tone to broad market trade. The stock’s slump came in response to a disappointing quarterly report. Ford (F 9.59, -0.50) shares also fell hard; the company’s latest profit forecast proved displeasing. A relatively soft forecast from Accenture (ACN 60.09, +3.46) was forgiven amid an upside earning surprise and broad market strength.

Personal income increased in May by 0.2%, which is slightly greater than the 0.1% increase that had been widely expected. However, personal spending stayed flat, instead of increasing by 0.1% as had been broadly anticipated. Core personal consumption expenditures were up 0.1% month over month. They had been generally expected to increase by 0.2%.

The June Chicago PMI reading of 52.9 came as little surprise since economists had generally expected a reading of 53.0 to follow the prior month reading of 52.7.

The only other item on the economic calendar was the University of Michigan's final Consumer Sentiment Survey for May. It eased down to 73.2 from the 74.1 that was posted in the preliminary Survey. Many had expected the reading to go unrevised.

In addition to encouraging news from Europe, participation picked up today as investment managers moved to rebalance and window dress their portfolios for the close of the quarter. For the second quarter the S&P 500 shed a little more than 3%. That was due to losses suffered in the past two months, offset partly by a 4.0% gain for June. The stock market’s 2.0% gain this week stands as its best performance since the first full week of the month. DJ30 +277.83 NASDAQ +85.56 NQ100 +3.1% R2K +2.9% SP400 +2.8% SP500 +33.12 NASDAQ Adv/Vol/Dec 2176/1.92 bln/378 NYSE Adv/Vol/Dec 2682/1.09 bln/393

Support for the SPX remains at 1350 and then 1330 with resistance at 1370 and then 1400.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 7/2 SPX resistance, pivot &  support
Resistance R3 1404.89, R2 1383.53, R1 1372.84
Pivot Point 1351.48
Support  S1 1340.79, S2 1319.43,  S3 1308.74
 
FOR Weekly 7/2-7/6 SPX resistance , pivot & support
Resistance R3 1432.69, R2 1397.43, R1 1379.79
Pivot Point 1344.53
Support  S1 1326.52, S2 1291.63, S3 1273.99



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