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A platform where I track the daily performance of the stock market.
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  • Wednesday, September 21, 2011 Stock Market Performance  0 comments
    Sep 21, 2011 5:32 PM | about stocks: SPY, QQQ, XLB, XLI, XLY, XLK, XLU, UUP, TLT, EDU, LULU
    • Stock sold off hard with major indexes down at least 2% each.
    • SP 500 $SPX $SPY support/resistance moved down from 1,199 to 1,165 and 1,204 to 1,173.
    • Nasdaq Composite $COMPX $QQQ support moved lower from 2,580 to 2,531 (21 day moving average)-resistance moved lower from 2,598 to 2,549.
    • SP 500 is once again below its moving averages (21, 50, 200).
    • Nasdaq Composite above 21 but below 50 and 200 day moving averages.
    • Risky sector materials $XLB was down 4.5% on heavy volume.
    • Risky sectors industrials $XLI , consumer discretionary $XLY, and technology $XLK fell on moderately higher volume.
    • Defensive sector utilities $XLU was down as well on moderately heavier volume indicating the selling was broad based.
    • US Dollar $UUP was higher on heavy volume and Bonds $TLT were up 3.3% on moderately heavier volume.
    • $EDU was down 9.3% on moderately heavier volume while $LULU was down 3.6% on moderately heavier volume.
    • Based on stocks I follow the stock market direction is neutral and has been active 1 trading session after being bearish for 1 session.

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