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Friday, September 7, 2012

Stock Market Technical Analysis for Next Week - September 10-14, 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 September 10, 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: BIOF, PPHM, CTUC, JVA, FFHL, SYSW
New High:  PPHM, REVU, SOCB, SWHC
Overbought: NLP, SRZ
Unusual Volume: OPAY, ADNC, PXMC, EDD
Upgrade: CF
Earnings Before: CMVT
Insider Buying:  NSFC

Biggest Gainers 9/7/12
Composite Biggest Gainers 
Ticker     Company     Change 
JVA    Coffee Holding Co.Inc.    23.36%
ANR    Alpha Natural Resources, Inc.    16.75%
MTL    Mechel OAO    15.35%
CLF    Cliffs Natural Resources Inc.    14.49%
GMCR    Green Mountain Coffee Roasters Inc.    13.22%
NOR    Noranda Aluminum Holding Corp.    12.97%
LULU    Lululemon Athletica Inc.    12.45%
SWHC    Smith & Wesson Holding Corporation    11.89%
BTU    Peabody Energy Corp.    10.79%
CALX    Calix Inc.    10.59%
TCK    Teck Resources Limited    9.91%
TUMI    Tumi Holdings, Inc.    9.89%
SCHN    Schnitzer Steel Industries Inc.    9.20%
WG    Willbros Group Inc.    9.03%
X    United States Steel Corp.    8.75%
FCX    Freeport-McMoRan Copper & Gold Inc.    8.50%
COO    The Cooper Companies Inc.    8.49%
KEG    Key Energy Services Inc.    8.28%
ACI    Arch Coal Inc.    8.20%
WLT    Walter Energy, Inc.    8.20%
PES    Pioneer Energy Services Corp.    7.95%
CMG    Chipotle Mexican Grill, Inc.    7.94%
SID    Companhia Siderurgica Nacional    7.92%
VE    Veolia Environnement S.A.    7.66%
AKS    AK Steel Holding Corporation    7.64%
GBX    Greenbrier Companies    7.22%
CENX    Century Aluminum Co.    7.21%
AUMN    Golden Minerals Company    7.20%
NOG    Northern Oil and Gas, Inc.    7.09%

Composite Biggest Losers 
Ticker     Company     Chang
ADNC    Audience, Inc.    -63.41%
P    Pandora Media, Inc.    -16.71%
BLOX    Infoblox Inc.    -11.29%
ARAY    Accuray Incorporated    -10.78%
TNGO    Tangoe, Inc.    -10.52%
ABMD    Abiomed Inc.    -9.83%
LF    LeapFrog Enterprises Inc.    -8.86%
MLNX    Mellanox Technologies, Ltd.    -7.57%
FRAN    Francesca's Holdings Corporation    -6.91%
INCY    Incyte Corporation    -6.53%
MWW    Monster Worldwide, Inc.    -6.33%
ABFS    Arkansas Best Corporation    -6.14%
UTEK    Ultratech, Inc.    -5.59%
KFT    Kraft Foods Inc.    -5.48%
CPN    Calpine Corp.    -5.29%
JIVE    Jive Software, Inc.    -5.28%
PVG    Pretium Resources Inc.    -5.16%
NTE    Nam Tai Electronics, Inc.    -5.00%
MKTX    MarketAxess Holdings Inc.    -4.97%
DDD    3D Systems Corp.    -4.75%
SPPI    Spectrum Pharmaceuticals, Inc.    -4.68%
TPX    Tempur Pedic International Inc.    -4.46%
IDIX    Idenix Pharmaceuticals Inc.    -4.11%
RSO    Resource Capital Corp.    -4.10%
IT    Gartner Inc.    -4.06%
FDUS    Fidus Investment Corporation    -4.05%
OREX    Orexigen Therapeutics, Inc.    -4.01%
MU    Micron Technology Inc.    -3.89%
UTIW    UTi Worldwide Inc.    -3.85%
SP 500
Long term signalsBullish
Short term signals :
Bearish

Stop  @ 1300

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

Stocks got off to a mixed start after this morning's jobs data proved to be a disappointment. The anemic numbers turned into yet another argument in favor of additional easing while lower guidance from a technology bellwether contributed to a divergence in the major averages. The S&P 500 finished higher by 0.4% while the Nasdaq ended flat.

Nonfarm payrolls were reported at 96K versus the 130K Briefing.com consensus. The prior reading was revised down to 141K from 163K. In addition, nonfarm private payrolls added 103K against the 144K consensus. Separately, the unemployment rate was reported at 8.1% versus the 8.3% consensus estimate as the dip in the unemployment rate was attributed to more people leaving the workforce.

Major financials rallied after disappointing jobs data sparked another round of quantitative easing hopes. The SPDR Financial Select Sector ETF (XLF 15.68, +0.16) advanced 1.0% as Bank of America (BAC 8.80, +0.45) and Morgan Stanley (MS 17.08, +0.83) gained over 5.0% each. Other major names showed less robust advances as Citigroup (C 32.06, +0.94) and Goldman Sachs (GS 116.33, +2.79) added 3.0% and 2.5%, respectively. Meanwhile, European financials continued their exuberance for the second day in a row. Barclays (BCS 13.17, +0.86) and Deutsche Bank (DB 40.20, +2.59) jumped near 7.0% each.

Stocks listed in the Dow underperformed the broader market as two notable components showed weakness. Kraft Foods (KFT 39.99, -2.32) slid 5.5% after providing an update on its planned spin-off. Beginning October 1, 2012 the company will separate into two entities. Kraft Foods Group which will hold the North America grocery business will begin trading under the ticker ‘KRFT' while Kraft Foods will be renamed Mondelez International and trade under the symbol ‘MDLZ.' Today's weakness came after the company announced it expects Kraft Foods full-year 2013 earnings at $2.60 per share. Meanwhile, technology companies within the index are slumped after Intel (INTC 24.19, -0.90) cut its third quarter guidance below consensus. The technology bellwether slid 3.6% while Cisco (CSCO 19.56, -0.16), Microsoft (MSFT 30.95, -0.39), and Hewlett-Packard (HPQ 17.42, -0.17) lost between 0.8% and 1.5%.

Technology stocks outside of the Dow were also under pressure after Intel's guidance cut. Peer AMD (AMD 3.45, -0.21) slumped 5.7% while related names, NVIDIA (NVDA 13.40, -0.33) and Micron (MU 6.42, -0.25) slipped 2.4% and 3.8%, respectively.

The materials sector settled higher by 2.0% as it outperformed other sectors. Over the past two days, China announced plans to increase infrastructure spending which may bode well for basic materials demand. Iron and steel names showed biggest gains as Cliffs Natural Resources (CLF 39.91, +5.05) jumped 14.5%. Meanwhile, United States Steel (X 20.89, +1.68), AK Steel (AKS 5.78, +0.41), and Freeport-McMoRan (FCX 39.43, +3.09) posted advances near 8.0%.

Within the healthcare space, biotechnology stocks weighed on the rest of the sector. The SPDR S&P Biotech ETF (XBI 91.59, -0.43) slipped 0.5%. Spectrum Pharmaceuticals (SPPI 12.01, -0.59) posted the biggest loss within the group as it finished lower by 4.7%. Meanwhile, Medivation (MDVN 105.65, -2.97) and Theravance (THRX 23.91, -0.28) fell 2.7% and 1.2%, respectively. On the upside, pharmaceutical company Peregrine (PPHM 4.50, +1.43) surged 46.6% after reporting that its Bavituximab drug has doubled the median overall survival rate in lung cancer patients who are taking part in the company's phase II trial.

Internet radio provider Pandora (P 10.47, -2.10) slumped 16.7% after reports suggested Apple (AAPL 680.44, +4.17) may include internet radio on its devices and integrate the service into its iTunes store. Apple finished higher by 0.6% after marking a fresh all-time high at $681.50 while today's selling has dropped shares of Pandora back to levels last seen before its August 30 earnings report.

Week in Review: Mario Draghi Press Conference Highlights the Week

On Monday, stocks got off to a strong start before stumbling slightly when Federal Reserve Chairman Ben Bernanke did not hint at additional easing, but instead reaffirmed his commitment to act if economic conditions worsen. Mr. Bernanke commented on the stagnation of the labor market, calling it a "grave concern" which bears monitoring. As a result, the S&P 500 finished higher by 0.5%. European financials saw broad advances as plans to create a Spanish "bad bank" surfaced. Banco Bilbao Vizcaya Argentaria (BBVA 8.27, +0.23) gained 5.0%.

On Tuesday, stocks opened unchanged before falling into the red after economic data missed expectations. The August ISM Index was reported at 49.6 versus the 50.0 Briefing.com consensus, while July construction spending fell 0.9% month-over-month, against the expected increase of 0.5%. After reaching session lows 90 minutes after the open, stocks staged a slow climb higher which was punctuated by a broad-based mid-afternoon rally. Stocks rallied back near the flat line where they remained until the end of the day. As a result, the S&P 500 slipped 0.1% while Nasdaq gained 0.3%. NVIDIA (NVDA 13.40, -0.33) slid 5.4% after being downgraded from ‘equal weight' to ‘underweight' by Evercore.

Wednesday's session was spent mostly around the unchanged line. The early morning volatility coincided with a Bloomberg TV report which indicated the European Central Bank bond purchase program was said to pledge unlimited, sterilized buying of bonds. However, the exuberance was short-lived as European Central Bank officials declined to comment, and reports out of Germany suggested Chancellor Angela Merkel would only support the program in the near-term. Afternoon trade was mostly quiet as the S&P 500 remained in a narrow range before closing lower by 0.1%. FedEx (FDX 87.38, -0.16) shed 2.0% after lowering its first quarter guidance, citing weaker global demand.

On Thursday, equities began sharply higher, and added to their gains throughout the opening hour of trade. The remainder of the day was spent hovering near session highs. The bullish sentiment was sparked after Mario Draghi confirmed Thursday's reports of a European Central Bank plan to buy bonds of troubled sovereigns who ask for aid. The program will be limited to bonds maturing within three years. Better-than-expected U.S. economic data also added to the upbeat tone which resulted in a broad market rally. The Nasdaq closed at a 12-year high while the S&P 500 settled at levels not seen since January 2008. The two indices finished higher by 2.2% and 2.0%, respectively. The SPDR Financial Select Sector ETF (XLF 15.68, +0.16) added 2.4%.DJ30 +14.64 NASDAQ +0.61 SP500 +5.80 NASDAQ Adv/Vol/Dec 1433/1.68 bln/1015 NYSE Adv/Vol/Dec 2030/680.4 mln/935


Support for the SPX remains at 1400 and then 1380 with resistance at 1440 and then 1460.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 9/10 SPX resistance, pivot &  support
Resistance R3 1446.54, R2 1442.23, R1 1440.07
Pivot Point 1435.76
Support  S1 1433.60, S2 1429.29  S3 1427.13

 
FOR Weekly 9/10-9/14 SPX resistance , pivot & support
Resistance R3 1493.06, R2 1465.49, R1 1451.70
Pivot Point 1424.13
Support  S1 1410.34, S2 1382.77, S3 1368.98


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