E-mini indexes at key technical level


Nasdaq 100



The Dow Jones Industrial Average ($DJI) had a gain of 81.13 points, or 0.67%, and closed at 12,279.01 on Tuesday. Twenty-four of the Dow's thirty index components posted a gain. The top performers were Home Depot (HD) (+2.86%), AT&T (T) (+2.35%), Cisco Systems (CSCO) (+1.81%), and Alcoa (AA) (+1.45%). Home Depot (HD) announced a $1 billion stock buyback, boosting its share price. The only component to post a loss greater than 0.3% was Hewlett-Packard (HPQ) (-2.44%).

The S&P 500 ($SPX) rose 9.25 points, or 0.71%, and closed at 1,319.44. The top percentage performers in the index were Rowan Cos. (RDC) (+5.20%), AK Steel (AKS) (+5.19%), International Paper Co. (IP) (+4.71%), and Schlumberger Ltd. (SLB) (+4.35%). The weakest performers were Apollo Group (APOL) (-4.25%), Lennar Corp. (LEN) (-3.44%), Sprint Nextel Corp. (S) (-3.35%), and Frontier Communications Corp. (FTR) (-3.31%).

The Nasdaq Composite ($COMPX) ended the session higher by 26.21 points, or 0.96%, on Tuesday and it closed at 2,756.89. The top performers in the Nasdaq-100 were F5 Networks (FFIV) (+3.88%), Qualcomm (QCOM) (+3.32%), Vertex Pharmaceuticals (VRTX) (+3.30%), and Amazon.com (AMZN) (+3.11%). Amazon.com (AMZN) rose on news of the introduction of its cloud music service ahead of both Apple (AAPL) and Google (GOOG). The only Nasdaq 100 shares that fell more than 0.5% on Tuesday were Apollo Group (APOL) (-4.25%), Staples (SPLS) (-1.26%), and NVIDIA (NVDA) (-0.78%).

Unless otherwise stated, the index action described in this article relates to the E-mini futures contracts for the respective indices. Actual index action may differ slightly in terms of pattern formation, although the market bias will remain the same.

Toni Hansen is president and co-founder of the Bastiat Group Inc., DBA Trading From Main Street. Toni is one of the most respected technical analysts and traders in the industry. She has been trading and educating new traders, money managers, professional market analysts and traders throughout the boom and bust of the last decade. She has worked in conjunction with some of the world's top financial exchanges. Learn more about Toni Hansen and the educational services she provides through her website at http://www.tonihansen.com.

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About the Author
Toni Hansen

Toni Hansen is president and co-founder of the Bastiat Group, Inc., DBA Trading From Main Street. Toni is one of the most respected technical analysts and traders in the industry. She has been trading and educating new traders, money managers, professional market analysts and traders throughout the boom and bust of the last decade. She has worked in conjunction with some of the world's top financial exchanges. Learn more about Toni Hansen and the educational services she provides through her website at http://www.tonihansen.com.

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