Thursday, May 13, 2010

Stock Market Overview for 05/13/2010

Thursday, 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 May 14, 2010.

Top Percentage Gainers NASDAQ
1 China Wind Systems (CWS)
2 Trubion Pharmaceuticals (TRBN)
3 LNB Bancorp (LNBB)
4 Timberland Bancorp (TSBK)
5 CalAmp (CAMP)
6 Nexstar Broadcasting Group Cl A (NXST)
7 Comarco (CMRO)
8 Riverview Bancorp (RVSB)
9 Ener1 (HEV)
10 Celsion (CLSN)
11 Spartan Stores (SPTN)
12 Solta Medical (SLTM)
13 Southern Missouri Bancorp (SMBC)
14 ValueClick (VCLK)
15 Bridgford Foods (BRID)
16 Princeton Review (REVU)
17 Real Goods Solar Cl A (RSOL)
18 China Advanced Construction Materials Group (CADC)
19 Idera Pharmaceuticals (IDRA)
20 Immunomedics (IMMU)

Top Percentage Gainers NYSE
1 Consolidated Graphics (CGX)
2 Sybase (SY)
3 Phoenix (PNX)
4 BankAtlantic Bancorp Cl A (BBX)
5 BT Group ADS (BT)
6 Sprint Nextel (S)
7 PAA Natural Gas Storage (PNG)
8 K-Sea Transportation Partners (KSP)
9 Teekay Tankers (TNK)
10 7 Days Group Holdings (SVN)
11 Western Refining (WNR)
12 Dupont Fabros Technology (DFT)
13 Cobalt International Energy (CIE)
14 Pros Holdings (PRO)
15 China Eastern Airlines ADS (CEA)
16 Red Lion Hotels (RLH)
17 KBR (KBR)
18 IDT (IDTC)
19 Tele Norte Leste Participacoes ADS (TNE)
20 CTS (CTS)
 
For Market TA analysis

Stocks spent most of the session mired in negative territory with a modest loss after they failed to push past a key technical hurdle, but losses quickly steepened as sellers redoubled their efforts in the final hour of trade. Support for the SPX jumps to 1146 and then 1136, with resistance at 1168 and then 1176.I do think this week market could up & down like last week.I will be careful here.All chart broken  their  resistance and support level how to trade now that will be big question now.We could see 200-300 points up/down days are coming in next few days, it will be same like last  year. So we should trade small lot.Take a look all 1/5/15/60m chart if we want to trade this market.

The tone for most of the session was relatively tepid as buyers took a breather after they had sent the stock market up more than 5% higher during the course of the three previous sessions. That streak of gains put the S&P 500 face-to-face with its 50-day moving average, but a lack of positive catalysts made it difficult for the stock market to challenge the technical line with any sort of conviction.

FOR 05/14 SPX resistance , pivot & support
Resistance R3 1191.00, R2 1179.81, R1 1168.62
Pivot Point 1162.38
Support     S1 1151.19, 1144.95, S3 1133.76
Market Outlook
Major Markets Close Change % Chg
$NYA NYSE Composite 7,234.37 -81.99 -1.12%
$COMPQ Nasdaq Composite 2,394.36 -30.66 -1.26%
$INDU Dow Industrial 10,782.95 -113.96 -1.05%
$XAX AMEX Composite 1,884.92 -16.26 -0.86%
$TRAN Dow Transports 4,573.77 -84.09 -1.81%
$UTIL Dow Utilities 382.74 -2.10 -0.55%

Major Indices Close Change % Chg
$SPX S&P 500 1,157.44 -14.23 -1.21%
$RUT Russell 2000 709.85 -6.26 -0.87%
$NDX Nasdaq 100 1,945.52 -30.06 -1.52%
$OEX S&P 100 525.32 -6.43 -1.21%
$SML S&P Small Caps 379.57 -2.87 -0.75%
$MID S&P Mid Caps 808.63 -7.47 -0.92%
$DJA Dow Composite 3,721.15 -44.78 -1.19%
$RUI Russell 1000 638.74 -7.61 -1.18%
$RUA Russell 3000 686.33 -8.00 -1.15%
$VLE Value Line 2,556.60 -25.20 -0.98%
$WLSH Wilshire 5000 12,180.28 -138.13 -1.12%

Commodities Closing Price
Gold Close - 1232.90
Oil Close -    74.08
Natural Gas Close -4.31

Do your own Research on these stocks and find out your pick
Good Luck..Trade Smart!

God bless!

For the latest updates on the stock market, visit,
http://hotstocks-blog.blogspot.com// or Subscribe for free.