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Monday, September 26, 2011 Stock Market Performance

|Includes:EDU, GLD, NTES, QQQ, SLV, SMH, SOX, SPDR S&P 500 Trust ETF (SPY), TIP, TLT, USO, UUP, XLF, XLI, XLP, XLU, XLY
  • Stocks bounced between gains and losses early in today's session but by the close the major indexes rose at least 1.4% each.
  • SP 500 $SPX $SPY support/resistance moved up from 1,130 to 1,154 and 1,150 to 1,165.
  • Support/resistance on the Nasdaq Composite $COMPX $QQQ rose to 2,483 from 2,470 and 2,536 from 2,483.
  • Semiconductor Index $SOX $SMH lagged down 0.1%.
  • All nine sectors were higher with only four higher on moderately above average volume.
  • Financials $XLF led with a 4.5% but volume was below average.
  • Utilities $XLU on below average volume lagged up 0.8%.
  • Oil $USO was up 1.2% on below average volume.
  • Gold $GLD was down again but finished in the upper end of its intra-day trading range down 1.4% on heavy volume.
  • Silver $SLV down 0.7% but finished near its session highs on heavy volume.
  • US Dollar $UUP was down 0.1% closing near session lows on heavy volume.
  • Bonds $TLT and Treasury Inflation Protected Securities $TIP declined 1.5% and 0.5% on below average volume.
  • $NTES was down 6% on moderately heavier volume.
  • $EDU fell 1.4% on below average volume.
  • Based on stocks I follow the stock market direction is bearish and has been active 1 trading session.
  • The stock market direction has ranged b/t neutral and bearish territory recently with three sessions neutral the three sessions bearish.
  • $XLY closed open gap down to $36.29.
  • $XLP closed open gap down to $30.01.
  • $XLF closed open gap down to $11.90.
  • $XLI closed open gap down to $30.11 but closed below it.
  • $XLU closed open gap down to $33.65.
  • $TLT closed open gap up to $118.79; gap up to $108.98 still open.
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Stocks: SPY, QQQ, SOX, SMH, XLF, XLU, USO, GLD, SLV, UUP, TLT, TIP, NTES, EDU, XLY, XLP, XLI