Sunday, March 31, 2013

Market Internals -- Increased Volume

Dow Jones Industrial Average14578.54 52.380.36%
S&P 500 Index 1569.19 6.34 0.41%
Nasdaq Composite 3267.52 11.00 0.34%
Nasdaq 100 2818.68 8.71 0.31%
Russell 2000 951.54 1.30 0.14%
Spot Gold 1597.80 -8.15 -0.51%
Crude Oil 97.24 0.56 0.58%
NYSE Overall Volume 3,220,214K n/a 11.74%
Nasdaq Overall Volume 1,588,392K n/a 12.71%
NYSE Breadth 1.93 : 1 positive
Nasdaq Breadth 1.75 : 1 positive
NYSE Breadth Ratio 65.86
Nasdaq Breadth Ratio 63.62
NYSE Advancers/Decliners 739
Nasdaq Advancers/Decliners 310
NYSE Trin 0.86
Nasdaq Trin 0.75
$VIX 12.70 -0.45

Market Outlook -

MONTHLY - Bullish - Large body candle with expansion of range. Targeting all time high of 1576.09 now.

WEEKLY - Bullish - Follow through on last week's hammer bar.

DAILY - Bullish - Still holding near upper end of dominant channel. Channel resistance is now at 1587.00.