Sunday, April 7, 2013

Market LookBeck

Dow Jones Industrial Average 14565.25 -40.86 -0.28%
S&P 500 Index 1553.28 -6.70 -0.43%
Nasdaq Composite 3203.85 -21.12 -0.66%
Nasdaq 100 2771.75 -23.17 -0.83%
Russell 2000 923.27 -2.38 -0.26%
Spot Gold 1582.35 27.83 1.79%
Crude Oil 92.91 -0.44 -0.47%
NYSE Overall Volume 3,376,807K n/a 6.32%
Nasdaq Overall Volume 1,652,747K n/a 13.55%
NYSE Breadth 1.07 : 1 negative
Nasdaq Breadth 1.68 : 1 negative
NYSE Breadth Ratio 48.27
Nasdaq Breadth Ratio 37.31
NYSE Advancers/Decliners -130
Nasdaq Advancers/Decliners -522
NYSE Trin 0.98
Nasdaq Trin 1.07
$VIX 13.92 0.03

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

WEEKLY - Neutral to Bearish - Red body engulfing prior green body but no major change in trend.

DAILY - Neutral to Bullish - Strong recovery off very large gap down with close at the highs. Friday's low is now key technical level for bulls to hold.

                               ES
                         NQ
Value Area High 1553.50 2757.50
Point of Control 1542.00 2753.50
Value Area Low 1535.50 2743.75
R3 1568.42 2806.58
R2 1558.83 2787.67
R1 1552.42 2775.33
Pivot 1542.83 2756.42
S1 1536.42 2744.08
S2 1526.83 2725.17
S3 1520.42 2712.83