S&P 500 Levels and Analysis for 3-10-10

• Posted by: alphatrends, March 9th, 2010 at 9:13 pm
• Comments: 0

The SPY had a wild day on Tuesday as it experienced a gap lower on the open and then recovered to within 14 cents of the intraday high of the year .  The phrase “volatility peaks at short term turning points” comes to mind with this action.  There is still no evidence that the market has made any top, but due to the volatility and extended nature of the current rally, your guard needs to be high against further volatility.  Short term resistance remains at 115.00 and 115.13 and above that we would look to daily resistance levels (based on pivot analysis) and then 115.94 which is the extension level outlined on Monday.  Support levels for the stock should be found near 113.85, then 113-113.10 and 112.55.

Nasdaq 100 & Russell 2000 Measured Move

• Posted by: alphatrends, March 9th, 2010 at 10:44 am
• Comments: 0

Yesterday we looked at the “measured move” target for the SPY which is 115.94. Today we take a look at the QQQQ and IWM objectives. Once again, these are just potential levels where we want to observe price action closely. They are not meant to be literal numbers to exit longs or initiate short positions.

Use the free Fibonacci calculator here HERE

QQQQ

IWM

S&P 500 Levels & Analysis 3/9/10

• Posted by: alphatrends, March 8th, 2010 at 7:29 pm
• Comments: 0

The SPY was up a couple of pennies on Monday and the low volume continues to raise suspicion, but only price pays and the market seems magnetized to the January highs of 115.13.   The market remains above all the rising moving averages which means any shorts you are contemplating should be kept to intraday trades only.  Short term levels where support should be found on weakness are at 114.00 ~113.70 and 113.oo  also look for the 5 DMA to be an area of potential support on any pullback.

Tickers: $SPY

S&P 500 Measured Move Target

• Posted by: alphatrends, March 8th, 2010 at 12:29 pm
• Comments: 0

If the SPY continues to reach its “measured move” objective it would imply a target of 115.94 Of course, price objectives simply give is a potential level, they should never be taken literally. Risk management is always job #1.

Use the free Fibonacci calculator here HERE

End of Week Video Analysis

• Posted by: alphatrends, March 6th, 2010 at 10:10 am
• Comments: 0

Stock Trading Ideas for 3/5/10

• Posted by: alphatrends, March 4th, 2010 at 5:24 pm
• Comments: 0

A look at some ideas which appear set up nicely for trading on Friday 3/5/10  Pick the ideas which make most sense to you, trade them on your terms and always use stops at a reasonable level.

S&P 500 Levels & Analysis for 3/4/10

• Posted by: alphatrends, March 3rd, 2010 at 10:24 pm
• Comments: 0

The market seems to be tiring a bit as it battles with the mid January lows near 113, but at the same time it holds support at 112.00 and remains above the rising 5 DMA.   If 112 fails to hold, the bigger level of importance will be found near 111.60 which is the approximate location of the rising 5 DMA as well as prior support.  If the market can push past the 113 level with conviction the next levels of potential resistance are likely to be found near 113.55, 114.00, 114.45.

Alphascanner Quadrants data now shows 20 day average volume and  is exportable into excel.

Tickers: $SPY

Stock Market Analysis for 3/2/10

• Posted by: alphatrends, March 2nd, 2010 at 4:45 pm
• Comments: 0

I won’t have time to put together an S&P 500 chart for Wednesday, so here is a video of the broad markets.  If you want the pivots for Wednesday use this FREE PIVOT CALCULATOR Type in today’s High, Low and Close for any stock or broad market to get the pivot, S1-3 and R1-3 for tomorrow.

S&P 500 Levels and Analysis for 3/2/10

• Posted by: alphatrends, March 1st, 2010 at 7:00 pm
• Comments: 0

The SPY gapped up beyond short term resistance at 111.00 and then continued up beyond the bigger level of 111.30. The market is now back above the 50 DMA and the 61.8% retracement of the range for the year. We will now look for the 111.30 level to be support and if that level fails to hold 111.00 should be support. With the market above the rising 5 day moving average we will look for next levels of prior support to become potential resistance. Those levels are 112.30 and then 113.00

Tickers: $SPY

Video Market Analysis 2/17/10

• Posted by: alphatrends, February 28th, 2010 at 4:00 pm
• Comments: 0

Tickers: $SPY, IWM, QQQQ, SMH, XLF