S&P 500 Index

[Carlos Júlio]

Hi traders,
My last analysis about spx 500 weekly.
Enjoy big trader. 

[setravis]

S&P 500...
The S&P 500 is also testing its former primary support level at 1050. Failure would confirm the primary downtrend. 63-day Twiggs Momentum Oscillator holding below zero suggests a downtrend.
Target calculation: 1050 - ( 1200 - 1050 ) = 900

[setravis]

Overnight U.S. Stock News.......

•   Sep S&Ps this morning are up +12.10 points. The stock market yesterday traded on either side of unchanged throughout the day and settled mixed (Dow +0.05%, S&P 500 +0.04%, Nasdaq Composite -0.28%). Bullish factors included (1) carry-over strength from a rally in European stocks after Standard & Poor's said the risk of a renewed recession in Europe is "remote," (2) gains in homebuilders after the larger-than-expected increase in the Jun S&P Case-Shiller composite-20 home price index (+0.3% m/m and +4.2% y/y versus expectations of +0.2% m/m and +3.6% y/y), (3) strength in consumer stocks after the larger-than-expected increase in Aug US consumer confidence (+2.5 to 53.5 versus expectations of +0.3 to 50.7), (4) a rally in bank stocks after the FDIC said US banks posted $21.6 billion in profit in Q2, up +17% q/q and their biggest quarterly profit in nearly 3 years, and (5) the prediction from Cabot Money Management that individual investors a re the least bullish on US stocks since March 2009, a contrarian signal that stocks prices may rally.

•   Bearish factors included (1) concern that the US economy is slowing after the larger-than-expected decline in the Aug Chicago purchasing managers index which fell to a 9-month low (-5.6 to 56.7 versus expectations of -5.3 to 57.0), (2) the FDIC report that said US "problem" banks rose to 829 at the end of Q2, up +7% from 775 at the end of Q1, (3) weakness in semiconductor stocks after Goldman Sachs said that Intel's agreement to purchase Infineon Technologies AG's wireless business could give Intel a cost advantage over other semiconductor makers, and (4) the Aug 10 FOMC meeting minutes in which policy makers signaled no plans to resume large-scale asset purchases to bolster the economy.
•   Alcoa (AA) jumped 2.2% in pre-market trading as metals prices climbed after China reported stronger-than-expected manufacturing activity in Aug.

•   Freeport-McMoRan Copper & Gold (FCX) rallied 1.2% in pre-market trading after copper prices surged to a 4-month high and gold climbed to a 2-month high.

[setravis]

S&P 500...

The S&P 500 is headed for a test of 1130; breakout would indicate a primary advance to 1210*. Twiggs Money Flow (13-week) recovery above zero strengthens the signal. Reversal below 1030 is unlikely, but would confirm the primary down-trend.

Target calculation: 1130 + ( 1130 - 1050 ) = 1210

[setravis]

S&P 500...

The S&P 500 is headed for a test of 1130; breakout would indicate a primary advance to 1220. Twiggs Momentum (63-day) recovery above zero would suggest an up-trend. Reversal below 1030 is unlikely at present, but would confirm the primary down-trend.

Target calculation: 1130 + ( 1130 - 1050 ) = 1210

[setravis]

S&P 500...

The S&P 500 is testing resistance at 1130; breakout would indicate a primary advance to 1220. Twiggs Money Flow holding above the zero line indicates buying pressure. Again, it would be prudent to wait until mid-October to check if support continues after the quarter-end. Reversal below 1030 is unlikely at present, but would confirm the primary down-trend.

Target calculation: 1130 + ( 1130 - 1050 ) = 1210

[setravis]

S&P 500...
The S&P 500 broke resistance at 1130, indicating a primary advance to 1220*. Rising 63-day Twiggs Momentum suggests an up-trend. Expect a mid-October retracement to test the new support level at 1130.

Target calculation: 1130 + ( 1130 - 1050 ) = 1210

[setravis]

S&P 500...

The S&P 500 respected short-term support at 1170, confirming the advance to the April high of 1220. A strong rise on Twiggs Money Flow (13-week) signals buying pressure. Breakout above 1220 would offer a long-term target of 1420*.

* Target calculation: 1220 + ( 1220 - 1020 ) = 1420

[setravis]

S&P 500...
The S&P 500 rose above April high of 1220 to confirm the Dow breakout. Twiggs Momentum (21-day) rising high above its trendline indicates a strong up-trend. Long-term target for the breakout is 1420*.

* Target calculation: 1220 + ( 1220 - 1020 ) = 1420

[setravis]

S&P 500 Index

S&P 500...
The S&P 500 is likewise in a strong advance, with a target of 1420*. Reversal below 1180 is most unlikely, but would warn of a reversal. Twiggs Money Flow (21-day) breakout above 30 percent signals further buying pressure.

* Target calculation: 1220 + ( 1220 - 1020 ) = 1420

[setravis]

S&P 500 Index...

The S&P 500 broke resistance at 1300, reinforcing the Dow signal. Rising money flow again signals buying pressure.

* Target calculation: 1220 + ( 1220 - 1020 ) = 1420

[setravis]

S&P 500 Index...

The S&P 500 reinforces the Dow signal. Twiggs Momentum holding above zero confirms the strong up-trend.

Every morning, about an hour or 2 after the open, you see a red candle,
oh selloff...nope...just sweeping stops and then off again.
So buy the long red candle every day and Ben will take care of the rest...

* Target calculation: 1220 + ( 1220 - 1020 ) = 1420

[setravis]

S&P 500 Index...
The broader S&P 500 reflects even stronger buying pressure on Twiggs Money Flow than the Dow. The advance offers a target of 1420*.

* Target calculation: 1220 + ( 1220 - 1020 ) = 1420

[setravis]

S&P 500 Index...
What is the S&P 500 Indicator?
The Standard & Poor's 500 Index consists of 500 stocks chosen for market size, liquidity, and industry group representation. It is a market-value weighted index (stock price times number of shares outstanding), with each stock's weight in the Index proportionate to its market value. The "500" is one of the most widely used benchmarks of U.S. equity performance. We add the volume of the S&P 500 Index components together on a minute-by-minute basis which now becomes the S&P 500 Indicator, an ideal indicator for predicting future index trends.

[setravis]

S&P 500, NYSE Composite Break Three-Day Losing Streak
02/25/2011 04:25 PM ET

Stocks pushed higher Friday as economic data and assurances on oil supply from Saudi Arabia swayed some to pick up bargains.

The Nasdaq rose 1.6%, the NYSE composite 1.2% and the S&P 500 1.1%. The NYSE and S&P 500 broke a three-day losing streak, and the Nasdaq stanched a two-day slide.

Winners beat losers by about 4-to-1 on the NYSE and the Nasdaq. But volume slid 26% on the NYSE and 13% on the Nasdaq, according to preliminary data.

The Medical-Long-Term Care group scored the day's best gains, thanks mostly to high-volume advances by two low-rated issues, Sunrise Senior Living (SRZ) (up 13%) and Capital Senior Living (CSU) (up 9%). But Ensign Group (ENSG), a top-rated name in that group, rose 3%, though in weak trade.

Hospitals also made an appearance among the day's winners.

Several oil-and-gas groups made their way to the top as crude prices rose about $1 a barrel. Natural gas prices, which had been slumping, got a big lift.

Some tech groups surged, including chip designers, chip equipment makers and fiber-optics issues.