Welcome to Daily Market Analysis

Daily Stocks Pick: http://daytradingstock-blog.blogspot.com/

Market Index Technical analysis Alerts

Stocks Pick in 2013 - AAPL - BAC - ANR - MCP
Hottest Stocks in 2013 - ZNHE- VISN - GTN
Hottest Penny Stocks in 2013 - CHTP -INO- GSAT
My Daily Trading Activities - Membership Link

Saturday, July 14, 2012

Stock Market Technical Analysis for Next Week - July 16-20, 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 16, 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: PLFE, ISR, SVBI, NMY, TBOW, AFFY
New High:  PLFE, OREX, ASOR, HMST
Overbought: AEPI, BOOT
Unusual Volume: PLFE, TEU, CITZ, PIQ
Upgrade: OZRK
Earnings Before: IGTE
Insider Buying:  VPRT

Biggest Gainers 7/12/12
Composite Biggest Gainers 
Ticker     Company     Change 
PLFE    Presidential Life Corp.    36.69%
AFFY    Affymax, Inc.    15.80%
WNC    Wabash National Corp.    13.91%
VHC    VirnetX Holding Corp    7.15%
SAH    Sonic Automotive Inc.    7.04%
KGC    Kinross Gold Corporation    6.86%
OREX    Orexigen Therapeutics, Inc.    6.81%
NR    Newpark Resources Inc.    6.68%
SCLN    SciClone Pharmaceuticals, Inc.    6.30%
JPM    JPMorgan Chase & Co.    5.96%
PSX    Phillips 66    5.85%
PBR    Petroleo Brasileiro    5.82%
TPX    Tempur Pedic International Inc.    5.81%
NG    NovaGold Resources Inc.    5.79%
ANF    Abercrombie & Fitch Co.    5.78%
THC    Tenet Healthcare Corp.    5.76%
CFX    Colfax Corporation    5.61%
C    Citigroup, Inc.    5.42%
BKE    Buckle Inc.    5.40%
PBR-A    Petroleo Brasileiro    5.39%
ARNA    Arena Pharmaceuticals, Inc.    5.37%
FTE    France Telecom    5.27%
RGR    Sturm, Ruger & Co. Inc.    5.25%
MYE    Myers Industries Inc.    5.23%
TITN    Titan Machinery, Inc.    5.22%
ETFC    E*TRADE Financial Corporation    5.21%
DMD    Demand Media, Inc.    5.06%
JOE    The St. Joe Company    5.06%
MGA    Magna International, Inc.    5.02%

Composite Biggest Losers 
Ticker     Company     Chang
BPI    Bridgepoint Education, Inc.    -24.67%
TEU    Box Ships Inc.    -18.00%
LXK    Lexmark International Inc.    -16.25%
GMCR    Green Mountain Coffee Roasters Inc.    -7.38%
HALO    Halozyme Therapeutics, Inc.    -5.24%
QCOR    Questcor Pharmaceuticals, Inc.    -5.17%
CSTR    Coinstar, Inc.    -4.39%
SKS    Saks Incorporated    -4.04%
CECO    Career Education Corp.    -3.47%
TWI    Titan International Inc.    -3.32%
SMBL    Smart Balance, Inc    -2.99%
RAH    Ralcorp Holdings Inc.    -2.84%
PCYC    Pharmacyclics Inc.    -2.68%
BRC    Brady Corp.    -2.59%
EXK    Endeavour Silver Corp.    -2.58%
VIV    Telefonica Brasil, S.A.    -2.49%
MAKO    MAKO Surgical Corp.    -2.47%
LOGI    Logitech International SA    -2.47%
DNDN    Dendreon Corp.    -2.42%
GRPN    Groupon, Inc.    -2.38%
RIMM    Research In Motion Limited    -2.36%
KWK    Quicksilver Resources Inc.    -2.32%
TTWO    Take-Two Interactive Software Inc.    -2.31%
TSCO    Tractor Supply Company    -2.23%
FFIV    F5 Networks, Inc.    -2.23%
AKS    AK Steel Holding Corporation    -2.10%
VVUS    VIVUS Inc.    -2.06%
SIGM    Sigma Designs, Inc.    -2.05%
SVM    Silvercorp Metals Inc.    -1.92%

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

Weekly Recap - Week ending 13-Jul-12Dow +203.82 at 12777.09, Nasdaq +42.28 at 2908.47, S&P +22.02 at 1356.78

Today's 1.7% rally in stocks took the S&P 500 back to flat on the week, after a somewhat disappointing start to earnings season. Today's earnings from financial heavyweights J.P. Morgan Chase (JPM 36.07, +2.03) and Wells Fargo (WFC 33.91, +1.06) provided a boost to the financial sector, which was the strongest sector in the market. While today's results were taken as a positive, there have been several warnings in the tech sector and lackluster results from the majority of other companies that have reported thus far.

Looking more closely at today's earnings, J.P. Morgan reported its highly anticipated second quarter results, and gave additional details on the highly-publicized 'London Whale' trade. The loss from the trade is approximately $5.8 billion year-to-date, and statements that the trade has been largely unwound soothed some fears. Overall results would be viewed as 'noisy' given the number of one-time items that included the CIO loss, DVAs, reserve builds, and litigation expense. The underlying performance of the Investment Bank unit and Housing was a positive for the firm, and has helped shares recover. Wells Fargo posted numbers that were slightly better than consensus as housing helped provide a solid quarter for the bank in a difficult environment.

Aside from the big bank earnings, this morning's data showed PPI run at a hotter than expected 0.1% month over month clip and a Michigan Sentiment number that fell short of estimates with a 72.0 print. The equity market saw no reaction to the negative sentiment reading.

The euro hit multi-year year lows this week, but gained sharply vs. the dollar shortly after today's U.S. equity market open. The euro finished the week at $1.2240. Treasuries have witnessed some light selling on today's return to risk with the 10-yr yield climbing two basis points to 1.50%.

Looking back on the week, Alcoa (AA 8.42, +0.12) kicked off earnings season reporting in-line EPS and better than expected revenue. AA also reaffirmed its forecast for 2012. The S&P finished nearly unchanged on Monday.

On Tuesday, markets closed lower for a fourth consecutive session as a drop of 1.0% saw the Nasdaq pace the decline. Losses accelerated mid-day after Cummins (CMI 88.63, +2.86) announced it expects its full-year revenue outlook for 2012 to match 2011 despite prior guidance suggesting an increase of 10%.

On Wednesday, a late-day rally lifted the S&P 500 into positive territory moments ahead of the close, but the index finished with fractional losses to close lower for a fifth straight session. The FOMC Minutes failed to mention more quantitative easing by the Fed, but suggested ‘further policy stimulus likely would be necessary to promote satisfactory growth,' and that the Fed should study ‘new tools' for easing. The minutes were taken as a disappointment for stocks.

On Thursday, things were quiet ahead of the bank earnings and Chinese GDP data overnight as the S&P fell 0.5% on the day.

Next week, earnings season will dominate the headlines and have a bigger influence on the market. Over 200 companies will report Q2 results, including many Dow components; most of the large cap financials and some major technology bellwethers. Citigroup (C 20.02, -0.02) will kick things off on Monday morning.

Index Started Week Ended Week Change % Change YTD %
DJIA 12772.47 12777.09 4.62 0.0 4.6
Nasdaq 2937.33 2908.47 -28.86 -1.0 11.6
S&P 500 1354.68 1356.78 2.10 0.2 7.9
Russell 2000 807.14 800.99 -6.15 -0.8 8.1


Support for the SPX remains at 1350 and then 1330 with resistance at 1374 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 7/16 SPX resistance, pivot &  support
Resistance R3 1360.94, R2 1359.32, R1 1358.05
Pivot Point 1356.43
Support  S1 1355.16, S2 1353.54,  S3 1352.27

FOR Weekly 7/16-7/20 SPX resistance , pivot & support
Resistance R3 1406.54, R2 1384.04, R1 1370.41
Pivot Point 1347.91
Support  S1 1334.28, S2 1311.78, S3 1298.15


For the latest updates on the stock market, visit,
http://dailymarketanalysis-blog.blogspot.com/