Key Levels For The Week Of August 20, 2012

Weekly Pivots:

  Dow S&P500 NASDAQ DJTRA R2K FTSE DAX
Previous 13,208 1,406 3,021 5,064 802 5,847 6,945
Open 13,205 1,406 3,018 5,062 801 5,847 6,936
High 13,281 1,419 3,077 5,195 820 5,876 7,041
Low 13,113 1,397 2,999 5,025 792 5,811 6,882
Close 13,275 1,418 3,077 5,194 820 5,852 7,041
Change % 0.5% 0.9% 1.8% 2.6% 2.3% 0.1% 1.4%
Change 67.3 12.3 55.7 130.8 18.3 5.3 96.3
Close (vs. MidPoint) Hi Hi Hi Hi Hi Hi Hi
TR % 1.3% 1.5% 2.6% 3.4% 3.5% 1.1% 2.3%
Resistance 2 13,391 1,433 3,128 5,308 839 5,912 7,147
Resistance 1 13,333 1,425 3,103 5,251 829 5,882 7,094
Pivot 13,223 1,411 3,051 5,138 810 5,847 6,988
Support 1 13,165 1,404 3,025 5,081 801 5,817 6,935
Support 2 12,997 1,383 2,947 4,911 773 5,752 6,776

Charts For The Week:

Small Caps (IWM) made a higher high than 2007 in 2011 but then retreated sharply. They are still away from 2012 highs. Large caps are closer to 2012 highs.

Off late (since 2012) large caps are outperforming small caps – SPY vs IWM.


Technology, industrials and energy sectors are doing much better as compared to S&P 500 for the last month. Utilities, health-care, staples and financials are lagging.

SPY and TLT ratio is within a symmetrical triangle. A break out above will be good for equities.


Mexico is making all time highs, though, its stock market has retreated in the last couple of weeks from that high.

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