The Stock for Today

Hello my Investors, Traders and Readers friends. The market had mixed results yesterday. The DJ-30 fell 0.34%, the SP-500 went up 0.09% and the Nasdaq Comp. also rose 0.86%. I would like to mention three important aspects to me  against this development. First, the quarterly results of companies are helping significantly to the recovery of the market. Second, a number of issues are adversely affecting the stock market (the authorization to increase the US debt, the debt problem in Europe and the labor market information). Third, the levels of resistance that has to face in the next few days the main markets. 
On Friday, the DJ-30 could not break the resistance level set by the maximum value reached in early July. On Thursday, the index reaches this level, but could not defeat, going back the next day. In the case of SP-500, on the following days should address the level of 1,356 points. The success of this effort will strengthen the growing trend of this index. Finally, the Nasdaq Comp. is only 20 points to the resistance level, which we also be crucial for this market. 


For those issues relating to economic news and labor market, the stock market is facing a major resistance level. The way to resolve this level, will define the trend eventually follow the stock market.

Meanwhile, I introduce a new company Chicago Bridge & Iron (CBI). This stock made ​​amajor breakout yesterday. CBI went up (5.13%), reaching a maximum value of U.S. $ 44.51 at closing. Its volume was 3.08 M of shares, which is triple what is traded daily.This increase is breaking a very good base, which strengthens the possibilities of CBI to continue their way up. Please click on the chart to enlarge.

Source: The Market Trust