Critical SPX Levels
June 11, 2012





Market Information for this Week.....

Critical SPX Levels

June 11, 2012

This article highlights the major support and resistance levels to watch -- including that troublesome double-low for the S&P 500 Index (SPX). Also, as we head into June expiration week, trying to determine if heavy put open interest on the SPDR S&P 500 ETF (SPY) will play havoc with traders' bullish aspirations, is discussed.

The SPX and the 200-Day Moving Average - Market Indicator for the Week Ahead

June 11, 2012

The SPX index's popular 200-day moving average is analyzed after this benchmark trendline was breached and reclaimed in a matter of mere days. The numbers are studied to determine how previous breaks for this moving average have played out for the SPX.

The Week Ahead in the Stock Market - June 11, 2012

European policy and politics will call the shots for markets in the week ahead, as the euro zone grapples with Spain’s banking crisis and the Greek election gets closer.

Three reports this weekend will tell more about China's economic health.

The week's big US reports: Retail sales on Wednesday and weekly jobless claims on Thursday.

The Economy and Earnings in the Week Ahead - June 11, 2012

For the U.S. economy in the week ahead, the most important reports would be retail sales and weekly jobless claims, but Europe could derail this data!

Earnings reports are especially light, but there are important analyst days due from DELL, BIIB, APA and VFC. Earnings reports are due from KR, PIR and SFD.

The Major ETFs in the Week Ahead – June 11, 2012

With the ETFs approaching resistance last week, this will be the crucial level to watch in the week ahead. How each ETF reacts around their respective resistance level provides insight into the longer-term direction of the ETF. Failure to break through resistance means support is likely to be tested, and if breached it is likely to send the ETF lower.

The Past Week Stock Market Results - June 11, 2012

Stocks finished the past week with the best weekly performance of the year, amid high volatility. Some market participants said investors have priced in bad news out of the euro zone. Many of the fund managers have basically been expecting bad news since earlier this year, so they have been pretty well hedged to the downside – and now, it's the rally that is scaring people.


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