Sunday, February 27, 2011

update Tuesday

Short term: removing significant starts the week, DOW-178

The overnight Asian markets were lower. Europe has opened low and closed in %. U.S. future index lost land at the Monday session low and holiday is now open. At 9: 00 pm reported Case-Shiller House prices have been:-2.4% vs-1.6% y/y. At the opening of the market ajar until 1333 SPX and 1325 continued below in the minutes of the opening. The SPX had closed to 1343 Friday. After hit 1325 market rallies in 1336 SPX just after 10: 00 am. It is the high for the day. Also at 10: 00 a.m. consumer confidence was reported earlier: 70.4 vs 65.6. The half-hour after the market traded in a few high points. Then approximately 11: 00 a.m., he began to break less. Around 12: 00 the SPX was low for the day and rated stock in 1315 by worms 1: 30 pm. After a rebound at SPX 1318 by 3: 00 market made its lowf or day at 1312: 0330. Another bounce in the fence has ended the session at SPX 1315.

For the day, SPX and DOW have summer - 1. 75%, and the NDX and NAZ-2.80%. Bonds gained 34 ticks crude climbed $ 7.60, Gold rallies $10.00 and the USD was higher. Support for the SPX remains at 1313, then in 1303, with resistance in 1363, then 1372. Extremely dynamic oversold short-term. Tomorrow, existing sales at 10: 00 pm.

As reported yesterday, fears of a global oil reserves break have generated significant profit taking in many markets around the world. With crude oil soared as $ 9.00 overseas commercial last night - it submitted a party – a flight and collected less risky i.e. bonds, gold and the USD has been underway to some extent.

Technically, the market has just seen its largest removal (32 points), since the low intermediate wave 4-SPX 1173 in November. Short-term graphic OEW suggest high SPX 1344 took end minor wave 3 wave intermediate five. Expected high wave of minor at SPX 1303 be penetrated by this withdrawal, then the count would be questionable and important wave 1 can be completed. SPX-1303 level take a minor wave rally 5 during this withdrawal must follow to monetary heights. With support for the 1303 1313 pivots, that she seems to be "make or break ' time for this vague 1 Major increase in seven months. Best for your business!

Medium term: high uptrend @ SPX 1344

LONG term: market bull.

MAPS: http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1606987


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