Monday, April 1, 2013

Market LookBeck

Dow Jones Industrial Average 14572.85 -5.69 -0.04%
S&P 500 Index 1562.17 -7.02 -0.45%
Nasdaq Composite 3239.17 -28.34 -0.87%
Nasdaq 100 2797.06 -21.62 -0.77%
Russell 2000 938.78 -12.75 -1.34%
Spot Gold 1606.60 8.80 0.55%
Crude Oil 96.88 -0.36 -0.37%
NYSE Overall Volume 2,728,514K n/a -15.27%
Nasdaq Overall Volume 1,469,303K n/a -7.50%
NYSE Breadth 3.04 : 1 negative
Nasdaq Breadth 3.44 : 1 negative
NYSE Breadth Ratio 24.77
Nasdaq Breadth Ratio 22.51
NYSE Advancers/Decliners -1153
Nasdaq Advancers/Decliners -1116
NYSE Trin 1.34
Nasdaq Trin 1.25
$VIX 13.58 0.88



                          ES 

                               NQ
Value Area High 1558.00 2801.25
Point of Control 1555.00 2795.75
Value Area Low 1553.25 2785.75
R3 1575.67 2839.25
R2 1570.33 2827.50
R1 1563.17 2807.75
Pivot 1557.83 2796.00
S1 1550.67 2776.25
S2 1545.33 2764.50
S3 1538.17 2744.75





Market Outlook - Check here daily for the current S&P 500 Monthly, Weekly, and Daily bias.

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 - Neutral - Candles lining up same size bodies. Rising 20ma daily is below at 1553.
Good morning traders. Please observe the picture below
When a broad market rally is tiring, the best performing sectors shown above, are the ones found rallying as opposed to growth stocks.