Dow 30 stocks - Daily Outperforming and Underperforming

Bullish ST
AXP, BA, DIS, GE, GM, HON, INTC, MCD, MSFT, WMT

Bearish ST
MO

S&P500 Daily Analysis

• Inside day - denotes indecision.
• Bears closed the day in control but not committed enough to take out yesterday's low.
  
• Triple MAs remain BULLISH.
• MACD histogram has turned down - ST pullback likely.
• ST volatility trending down - consolidation or ST pullback.
• Volume coming off as bulls lose intensity - profit-taking ? Will this become another setup to eventually get long ?
  
• If pullback occurs, watch previous resistance area around 1328 (marked in yellow on chart) to act as support.

Dow 30 stocks - Daily Outperforming and Underperforming

Bullish ST
AXP, BA, DD, GE, HON, INTC, MCD, MSFT, WMT

Bearish ST
MO

S&P500 Daily Analysis

• Japanese Candlestick Hanging Man reversal pattern - potential ST pullback BUT confirmation required.
• Triple MAs remain BULLISH.
• MACD histogram has turned down - ST pullback likely.
• ST volatility has halted at resistance - consolidation or ST pullback unless resistance can be taken out.
• Volume has come off as high made - bulls lacking conviction - ST pullback a possibility.
• If pullback occurs, watch previous resistance area around 1328 (marked in yellow on chart) to act as support.

Dow 30 stocks - Daily Outperforming and Underperforming

Bullish ST
AIG, AXP, BA, GE, HON, INTC, MCD, MMM, MRK, MSFT, PG, WMT,

Bearish ST
HPQ, MO,

S&P500 Daily Analysis

• Market closed indecisively.
• Prospective Japanese candlestick reversal pattern - Spinning Top or Doji - denotes indecisiveness but NEEDS confirmation.
• Triple MAs remain BULLISH
• MACD histogram remains BULLISH
• ST volatility trending up BUT has halted at resistance area marked on the chart.
• Volume failed to move higher with the swing - NEUTRAL.
• Possible short-term pullback ahead.
  

Dow 30 stocks - Daily Outperforming and Underperforming

Bullish ST
AXP, BA, DD, DIS, GE, HON, MCD, MMM, T, VZ, WMT

Bearish ST
MO

S&P500 Daily Analysis

• Another bullish day.
• Important resistance area taken out.
• Next signiifcant resistance around 1380 region - nice potential for this current move.
• Triple MAs remain BULLISH
• MACD histogram is BULLISH
• ST volatility trending up, so it looks like the current swing should develop further, at least until the ST volatility hits the resistance area marked on the chart.
• Volume is appreciating with the swing - BULLISH.

S&P500 Daily Analysis

• An extremely bullish day with some price rejection from previous highs.
• Triple moving averages remains bullish.
• MACD histogram BUY signal.
• Short term volatility trending up from a base - expect to see more ST trending action.
• Will this market take out the important resistance level tomorrow ? Let's see. This market seems to have enough momentum to do so but will it be sustained ?

S&P500 Weekly Analysis

Weekly

The weekly Cycle Gauge is B5. This indicates that the market has been in the Advancing Phase for five weeks.

• 54% (73% prev) of stocks closed above their 4 week MA - ST BEARISH.
• 61% (63% prev) of stocks closed above their 30 week MA - MT BULLISH.

BULLISH SECTORS

• Consumer Non-Durables
• Drugs
  
• Insurance
• Real Estate
• Media
• Computer Software and Services

BEARISH SECTORS

• Energy
• Metals and Mining
• Transportation