Wizzwatch Weekly Newsletter

As this week in the stock market came to an end the Dow Jones Industrials, Standard and Poors 500 as well as the Nasdaq Composite Index ended the week trading on the upside.

The top market sectors this week were the Broker/Dealer Index up +6.56%, followed by the Semiconductor Index +4.74%, Computer Technology +4.22%, Natural Gas +3.62%, and Oil Services +3.55%.

The top market movers in the week that passed were (SINO) Sino Global Shipping America, Ltd up +362.33% followed by (BWOW) Wowjoint Holdings Limited +84.83%, (IDCC) Inter Digital, Inc. +69.63%, (TSTF) Team Staff, Inc. +60.61%, and (SFN) SFN Group, Inc. +51.47%.

The top market sectors this week were the Broker/Dealer Index up +6.56%, followed by the Semiconductor Index +4.74%, Computer Technology +4.22%, Natural Gas +3.62%, and Oil Services +3.55%.

There was also a price move to the upside in the commodities markets as the price of gold, silver and oil moved higher to the upside.

The gold index began the week trading at $1,594.30 per ounce before making a new all time high in price at $1,610.70 per troy ounce. The price of gold ended the week trading at $1,599.50 up $9.40 or 0.59%.

The price of silver also advance for the third consecutive week as it ended trading on Friday at $40.10 up $1.03 or 2.64%. The oil index also advanced as it continued its run up in price for its fourth straight week. The price of oil began the week trading at $97.37 but ended the week trading at $99.73 up $2.49 or 2.56% higher.

The Dow Jones Industrial Average began the week trading at 12,475.11 but moved to a price low in the 12,996.23 area before ending the week trading higher to the upside. The Dow has been moving higher to the upside for 4 of the pass 6 weeks.

The Dow Jones Industrial Average is currently above all of its major moving averages for now as it continues to move higher to the upside. The index is above its 5, 10, 32, 50 and 200 week moving averages. Downside support for the index is in the 12,188.30 area with upside resistance in the 12,876.35 area.

The top percentage gainers in the Dow 30 this week were (JPM) J.P. Morgan Chase & Co. +5.53%, (CSCO) Cisco Systems, Inc. +5.52%, (IBM) International Business Machines +5.49%, (HPQ) Hewlett Packard Co. +4.59%, and (MCD) McDonalds Corp. +3.61%.

The Dow Jones Industrial average ended the week trading at 12,681.16 +201.43 +1.61% on heavier than average upside volume of 3.90 billion. The average weekly trading volume for the Dow Jones Industrial Average is 3.47 billion.

At the Nasdaq Composite Index there was a price move to the upside as the index moved higher after pulling back the week prior. The Nasdaq has been making a move to the upside for 4 of the pass 5 weeks.

The Nasdaq began the week trading at 2,777.61 but moved to a price low in the 2,743.79 before ending the week trading higher. Downside support for the Nasdaq Composite Index is in the 2,754.13 area with upside resistance in the 2,887.80 area.

The top percentage gainers in the tech weighed Nasdaq Composite Index were (FLEX) Flextronics Int’l, Ltd. +14.17%, (ISRG) Intuitive Surgical, Inc. +12.91%, (CTAS) Cintas Corp. +10.66%, (ESRX) Express Scripts, Inc. +10.28%, and (MIICF) Millicom Int’l Cellular +7.91%.

The Nasdaq ended the week trading at 2,858.83 up 69.03 or 2.47% on heavier than average trading volume of 9.44 billion. The average weekly trading volume for the Nasdaq Composite Index is 9.23 billion.

At the Standard and Poors 500 there was an uptick in price as the index moved higher after moving lower the week before. The S&P 500 began the week trading at 1,315.94 and moved to a price low in the 1,285.92 area before ending the week trading much higher.

The S&P 500 is currently above its 5, 10, 32, 50 and 200 week moving averages. Downside support for the indices is at 1,308.96 with upside resistance in the 1,370.70 area.

The top percentage gainers in the Standard and Poors 500 this week were (MHS) Medco Health Solutions, Inc. +22.15%, (ETFC) E*Trade Financial Corp. +21.15%, (AMD) Advanced Micro Devices, Inc. +20.53%, (RHI) Robert Half Int’l, Inc. +15.64%, and (TXT) Textron, Inc. +13.53%.

The Standard and Poors 500 ended the week trading at 1,345.02 +28.88 or +2.19% on heavier than average trading volume of 14.79 billion. The average weekly trading volume for the S&P 500 is 14.33 billion.

By: Marlin Rolle

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