Seeking Alpha

rocmktdashboard's  Instablog

rocmktdashboard
Send Message
A platform where I track the daily performance of the stock market.
My blog:
Roc Market Dashboard
View rocmktdashboard's Instablogs on:
  • Thursday, September 22, 2011 Stock Market Performance
    • Stocks declined heavy again with major indexes down at least 3.2% each today.
    • SP 500 $SPX $SPY support/resistance moved down from 1,165 to 1,128 and 1,173 to 1,150.
    • Nasdaq Composite $COMPX $QQQ support moved lower from 2,531 to 2,381 and resistance moved lower from 2,549 to 2,468.
    • SP 500 and Nasdaq Composite are now both below their moving averages (21, 50, 200).
    • SP 500 intra-day traded below its August closing low of 1,119 but closed above it.
    • Nasdaq Composite is holding up better and did not test its August lows.
    • Nasdaq Composite $COMPX $QQQ has an open gap down up to 2,537.
    • All sectors declined on heavy volume except for energy $XLE which declined on moderate above average volume.
    • There were no safe havens from a sector perspective as even utilities $XLU and consumer staples $XLP (the defensive sectors) sold off.
    • US Dollar ETF $UUP was higher again on heavy volume as well as bonds $TLT. These were the only securities that saw buying today.
    • Silver $SLV and oil $USO declined 9.4% and 5.4% on heavy volume.
    • Gold $GLD lost 2.6% on moderately heavier volume.
    • $BIDU was down 11% on heavy volume as well as $NTES and $APPL down 7.3% and 2.5%, respectively.
    • All other stocks I follow fell on moderately heavier volume led by $SLW and $EDU down 12.8% and 7.4%.
    • Many stocks I follow created gap downs so over time yesterday's closing lows in these stocks will be levels they will need to fill.
    • Based on stocks I follow the stock market direction is bearish and has been active 1 trading session after being neutral for 1 session.
    • The stock market direction has been bearish in two out of the last three trading sessions with the odd session being neutral.


    Sep 22 6:42 PM | Link | Comment!
  • Wednesday, September 21, 2011 Stock Market Performance
    • 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.


     
    Sep 21 5:32 PM | Link | Comment!
  • Tuesday, September 20, 2011 Stock Market Performance
    • Major indexes were up at least 1.1% each but reversed course and gave up their gains finishing in a range up 0.1% to down 0.9%.
    • SP 500 $SPX $SPY support/resistance moved down from 1,204 to 1,199 and 1,217 to 1,204.
    • Nasdaq Composite $COMPX $QQQ support moved lower from 2,602 to 2,580 and resistance moved lower from 2,616 to 2,598.
    • Nasdaq Composite above 21 but moved below 50 day moving average and remains below 200 day moving average.
    • Defensive sector utilities $XLU was up 1.5% on heavy volume.
    • Risk trade sectors consumer discretionary $XLY and technology $XLK were lower on moderately heavier volume.
    • US Dollar ETF $UUP was unchanged on lower volume while the other ETFs were higher on very lower volume.
    • Gold $GLD rose 1.4% but volume was very low.
    • $BIDU was down on heavy volume.
    • $SPRD and $PCLN rose on moderately heavier volume.
    • $AAPL was basically unchanged on moderately heavier volume and $LULU/$NTES declined on moderately heavier volume.
    • Based on stocks I follow the stock market direction is bearish and has been active for 1 trading session.

    Sep 20 5:32 PM | Link | Comment!
Full index of posts »
Latest Followers
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.