May 1, 2013 Daily update

The markets are still in a Bullish mode.  Even though the day was a down day, it is not enough to change the Bullish mode.

 

Looking at the charts, there are 3 that help tell a full story.

 

1)  The moving average 8, 21, 200 shows that the day is in a bearish mode.  The Stochastics and MACD should be added to this chart.

 

 

2) The regular pivot point chart to set targets

 3)  The Squeeze in order to see when consolidation is occurring.

 

The Pivot Points for tomorrow are

	Week	Monthly
	26-Apr	April	1-May
High	1588.25	1594.25	1595.5
Low	1542.75	1530.75	1576
Close	1576.75	1594.00	1578.75
R3	1641.25	1678.75	1610.333
Mid	1628	1657.63	1606.625
R2	1614.75	1636.50	1602.917
Mid	1605.25	1625.88	1596.875
R1	1595.75	1615.25	1590.833
Mid	1582.5	1594.13	1587.125
Pivot	1569.25	1573.00	1583.417
Mid	1559.75	1562.38	1577.375
S1	1550.25	1551.75	1571.333
Mid	1537	1530.63	1567.625
S2	1523.75	1509.50	1563.917
Mid	1514.25	1498.88	1557.875
S3	1504.75	1488.25	1551.833