Stock Market update

S&P Futures broke above 1836 even before the market opened, which was too soon
Most stocks dropped after the market opened as they're too high
S&P Futures built strong resistance @ 1839 & dropped sharply to 1834, S&P 500 also broke slightly below possible support @ 1840
It will be much more difficult for stocks to go higher today

Trading risk increased, market is bearish for now without any strong supports, avoid trading for now to be safer, unless it rebounds strongly & goes higher

Trading signals to watch

Look to buy S&P 500 @ 1840 & 1842 (S&P Futures around 1834 & 1836) if it breaks above & goes higher, for 30 minutes expiration
Look to buy S&P Futures @ 1834 for end of day expiration (High risk speculative signal as it's not confirmed if it can stay above yet)
1842 was yesterday's resistance but is slightly broken, making it possibly easier to break above & go higher today
Resistance remains as S&P Futures dropped below 1836 after the market closed & looks weak for now
Look to sell S&P Futures @ 1836 if it stays below & drops further, for 30 minutes or less expiration
It might be safer not to sell near or after the stock market opens at 9:30am EST as it often goes up after that

Apple & China Mobile signed iPhone deal

Apple has finally officially announced deal to sell iPhones in China with China Mobile
Apple's CEO also promised big plans for 2014 & will have a lot to look forward to in 2014

Apple jumped from 549 to 566.65 even before the market opened
Possible support @ 550 but might be too low
No other supports found yet but Apple might still be able to go higher even though it's already too high
Possible resistance @ 570 which might turn into new support if it breaks above, stays above & goes higher

Look to sell Apple @ 570 if it stays below & drops further, for less than 30 minutes expiration
Look to buy Apple @ 550 or 570 if it stays above & goes higher, for 30 minutes expiration

Look to buy S&P 500 @ 1810 or 1813

Although S&P 500's 1810 still remains as a resistance as S&P 500 failed to stay above 1810 & closed @ 1809.60,
S&P 500 is getting stronger & will try to break & stay above 1810 again

Watch S&P 500 @ 1810 & 1813 to see if it's strong enough to break & stay above 1810 today, next possible resistance @ 1813 which was the highest point reached before, but will also be at risk as S&P 500 is trying to go higher

Look to buy S&P 500 @ 1810 or 1813 (or S&P Futures' 1804, 1807) if it breaks & stays above 1810, going higher
We expect S&P 500 to break above 1810 & even 1813 today, reaching a new all-time high, but it'll depend on strong market movement 
However, we still have to cover other possibilities in case S&P 500 is weaker than expected

Look to sell @ 1810 or 1813 (high risk, resistances might be broken later, use shorter expiration of 5-15 minutes) if it's weaker, stays below & drops further
Look to buy S&P 500 @ 1800 or higher if it drops near 1800, rebounds & goes higher
S&P 500 dropped to 1801.59 & rebounded higher yesterday

All for 30 minutes expiration except sell @ 1810, 1813- 5-15 minutes expiration

Watch Apple @ 550 tomorrow

Watch Apple @ 550 for possible support tomorrow as it dropped too low to 540 today yet managed to rebound strongly & closed slightly above 550
It should also try to reach 555 & will break above if it's strong enough tomorrow

Look to buy Apple @ 550 if it stays above & goes higher, for 30 minutes expiration

Stocks to watch: Boeing & Facebook

Boeing increased its dividend & authorized a $10 billion stock buyback
Boeing jumped from 134.72 to 138 pre-market
Facebook will begin selling video ads
Facebook up from 53.81 to 54.79 pre-market

But Boeing is currently facing resistance @ 137 & Facebook facing resistance @ 55.0 as the stock market is falling
No strong supports found since then, possible supports @ 135 for Boeing & 54.0 for Facebook but stocks did not reach that far below for us to trade them
No more safe trading signals today as we should be buying Boeing & Facebook but the stock market is falling & pulling them down, making it difficult for them to go higher above 137 & 55.0

Very high risk trades would be to buy Boeing @ 137 or Facebook @ 55.0 if they break above & go higher, sell if they fail & drop further again
Too risky to trade & not recommended

Watch Facebook @ 51.0 & 52.0 tomorrow

Facebook found support @ 51.0 & also went higher to reach 52.0 later but found resistance @ 52.0 as it was too high for today & closed @ 51.83
Watch FB @ 51.0 & 52.0 tomorrow again, look to buy @ 51.0 support if it stays above & goes higher, sell @ 52.0 resistance if it stays below & drops further
It's also possible for FB to break above resistance tomorrow, look to buy @ 52.0 if it breaks above, stays above & goes higher

Watch Mastercard @ 800

Mastercard approved a stock split via a stock dividend and authorized a $3.5 billion buyback
Mastercard  jumped from 763.82 to 800

Look to buy Mastercard @ 800 if it stays above & doesn't drop below anymore, for 30 minutes expiration
Risks: 800 is too high so it might stay closely around 800 or might even drop if it fails to stay above 800
The stock market is weak & might also affect Mastercard's stock

Look to sell Mastercard @ 800 if it stays below & drops further, for 30 minutes expiration
Risks: News will attract more people to buy Mastercard & it might try to break above 800 again

Trading Mastercard will be high risk, trade cautiously or avoid if you're uncertain

Stock Market Analysis (Trading Signals to watch on Monday)

S&P 500 found resistance @ 1802 in the beginning, then dropped below 1800 to test its support's strength
It passed the test & rebounded back up to stay above 1800 for the rest of the day & even closed @ 1805
It also found new resistance @ 1806

Trading Signals to watch on Monday:
Look to buy S&P 500 @ 1800 or higher if it stays above & goes higher
Look to sell S&P 500 @ 1806 or 1810 (next possible & stronger resistance) if it stays below & drops more
All for 30 minutes expiration

S&P 500 Analysis & Trading Signals to watch tomorrow

Profit taking continued today, especially near the end of the day
Resistances strengthened today as it even dropped below 1800 but managed to close slightly above it
Watch S&P 500 @ 1800 tomorrow as it tests the support's strength
Trading S&P 500 will be riskier as the very important support 1800 is broken & unstable, although it might just be oversold
S&P 500 will probably rebound @ 1800 but face a lot of strong resistances & can drop sharply again anytime
Look to buy S&P 500 @ 1800 if it stays above, sell @ 1806, 1808 & 1810 (strongest resistance) if it stays below & drops tomorrow

Stock Market Analysis/Trading Signals to watch

Stocks are still weak before the market opens as headlines today are mostly about geopolitical tensions
Thanksgiving weekend sales showed that traffic increased but spending fell due to heavy discounting while online sales set records even before Cyber Monday
Today is Cyber Monday, which is the biggest sales day of the year for online shopping, so online sales should increase even more

The most visited online shopping sites are Amazon & Walmart etc
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Amazon CEO also unveiled Amazon PrimeAir, Amazon's new drone delivery service, which is expected to go live in 4-5 years
Amazon's stock jumped from 393.62 to 398 pre-market & targeting 400 but might be too high, safest would be to buy @ 390 if it drops & rebound @ 390, buying higher will be at a higher risk as no supports found yet
Look to buy Amazon @ 390 or higher if it stays above & go higher

However, Walmart's stock dropped from 81.01 to 80.80 pre-market, support @ 81.0 is broken & not safe to trade
But it might change when market opens because of Cyber Monday
Look to buy Walmart @ 81.0 if it stays above & go higher

Final Manufacturing PMI jumped to highest since January, which might help stocks go higher, but S&P 500 will face resistance @ 1808, 1810 & 1813
Look to buy S&P 500/S&P Futures @ 1804 or higher if it stays above & go higher 
Look to sell S&P 500/S&P Futures @ 1813 if it stays below & drop,
Sell at smaller resistances 1808, 1810 at a higher risk
All for 30 minutes expiration

Stock Market Speculations/Trading Signals to watch

S&P 500 & S&P Futures rebounded around 1804 on Friday but stayed below 1808 & dropped again, looking weak for now
S&P 500 will probably try to reach 1813 later then drop to 1810 to test if it can stay above, failing will result in dropping below again

Fed Chairman Bernanke's speech @ 8:30am EST will most probably help stocks go higher if QE tapering is not mentioned
Economic news might also affect & change the market, so we cannot guarantee or confirm our speculations yet

Look to buy S&P 500/S&P Futures @ 1804 if it stays above & go higher
Look to sell S&P 500/S&P Futures @ 1813 if it stays below & drop,
Sell at smaller resistances 1808, 1810 at a higher risk
All for 30 minutes expiration

S&P 500 Analysis

Not safe to trade today as we know stocks might break down anytime despite uptrend

S&P 500 broke above 1810 but started dropping very early today after breaking slightly above resistance @ 1813 at 10:36am EST
It also dropped sharply 30 minutes before it closed slightly below 1807 at 1pm EST

Watch these prices on Monday, 1810 might become an important support/resistance

Stock Market Analysis

The market will close early at 1pm EST today
Today will also be the last trading day of the month so the market might be volatile
Trading risk increased, trade less or none today
The stock market might go higher & resistances can be broken because of holiday shopping which is good for stocks but it's also too high & at risk of dropping due to profit taking

S&P Futures broke above 1807, new resistance @ 1810 (1809.65 then 1809.15), possible support @ 1807 (1806.65 then 1807.45, next possible support @ 1808.15 if it continues uptrend but not confirmed yet)

Watch Google on Monday

We also watched Google but support is weak & broken today
However, it still managed to close above 1030 at the end of the day
Look to buy Google @ 1030 on Monday if it strengthens, stays above & go higher
Look to sell Google @ 1036, 1040 on Monday if it stays below & drop further
All for 30 minutes expiration

Possible resistances @ 1036 (which was strongest on Friday), 1040 (possible strongest resistance on Monday if it breaks above 1036)
Minor resistances @ 1034, 1032

Trading signals to watch

Stock Futures are flat but trying to go higher, targeting 1800
S&P Futures support @ 1792, 1792.65, possible temporary resistance @ 1796 (weak), stronger resistance @ 1800, (S&P 500) @ 1802
Look to buy @ supports if it stays above & go higher, sell @ resistances if it stays below & drops further, all for 30 minutes expiration
Not much economic news to guide stocks today, so the market might be mixed

Apple was awarded $290 million in a retrial against Samsung
Apple's possible support @ 520 although it might already be too high as it jumped from 514 to 521 yesterday
It's also slightly dropping from 521.14 to 521.00 (8am EST)  during pre-market, so we would be cautious & wait for more confirmation as traders might take profit & sell the news
End of day/week will also increase chances of profit taking
Look to buy Apple @ 520 if support is strengthened, staying above it & go higher, for 30 minutes expiration

Stock Market Analysis

Today's focus will be on US economic data as the Fed yesterday said that they might start tapering in coming months if there's better economic data, especially on the job market, so Unemployment Claims will have the highest impact
The Senate Banking Committee is planning to vote on President Obama's nomination of Yellen

Stocks are rebounding as we expected although economic data later might affect the rebound
S&P Futures up from 1780 to 1784 (8am EST)
Yahoo up from 35.62 to 36.1 (8am EST)
JPM up from 56.1 to 56.34 (8am EST)

Support & resistance not confirmed for S&P Futures to trade on economic data @ 8:30am EST as they're not strong enough, so it would be risky to trade
Possible supports @ 1780, 1782
Possible resistances @ 1784-1786

Stock Prices to watch tomorrow

Stocks are weak for now, but they showed that there's still some strength & support left at their closing price, watch for possible rebound tomorrow
Look to buy @ possible supports: JPM @ 56.0, Yahoo @ 35.0-35.5, S&P 500 @ 1780
Although a better than expected unemployment claims (which increases chances of tapering soon) might further weaken stocks & turn them into resistances

Stocks to watch

Boeing launched 777X with deals worth $95 billion
Look to buy Boeing @ 140

JPMorgan reached a $4.5 billion settlement in disputes
Look to buy JPM @ 55.0

Traders & investors were able to legally sell Twitter stock since last Friday
But most of Twitter's stock went to big buy & hold mutual funds & most stocks went higher on Friday therefore not safe to trade yet
Friday's chart showed that support @ 44.0 is broken & turned into resistance as it stayed below 44.0 most of the time & closed @ 43.98
Look to sell Twitter @ 44.0

Risk: Selling Twitter will be at a higher risk if stocks goes up today but Twitter also dropped when stocks went up on Friday

Stocks to watch

S&P 500 reached another record high of 1790 yesterday
Stocks are too high without strong supports & might drop due to profit taking especially at end of day/week
Trading will be at a higher risk today
Watch S&P 500 @ 1790 for possible support/resistance
S&P Futures possible resistance @ 1792, 1790

Billionaire Buffett's Berkshire bought another $3.45 billion in Exxon Mobil stock
Stock jumped from 93.22 to 94.39
Look to buy Exxon Mobil, no supports found yet