Pivot Motor

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Pivot Motor

Pivot Motor

Day Trading Economic News Analysis: S&P 500 May 3, 2010

Understanding the direction of the market as well as the economic activity will lead you to profitable trades. Keep up with our live news feed and the trend with Tradermongers.com!

S&P 500 Pivots

Criminal probes into Goldman Sachs hurt the financial sector pushing all the major markets into negative terrority. The S&P 500 index ended the day below the natural support of 1200 and finished at 1187. Nasdaq is currently below their current natural support level of 2500 however the Dow finished above its natural support level (11,000) currently at 11,009.

The index broke through Wednesday's and Thursday's previous lows and traded beneath the 144 and 200 moving averages on the 5 minute chart. Further actions with regulatory agencies as a result of this probe could cool down Wall Street.

The market is most likely to be weak after the April 15th tax deadline. The S&P index broke through the 1200 natural support level twice last week. As we approach seasonal trading strategy of ‘Sell in May and go away' we expect the market to have a correction since obtaining gains from early February according to the daily chart.

Looking at the market volatility index (daily chart) which has been trending lower since October of 2008 and recently reached a 52 week low of 15.23 – last week it moved upward touching the 144 Fibonacci moving average twice. The market is looking to sell off due to the uncertainty of the Goldman Sachs probe leading the way for new financial regulations in the near future. Monday offers Motor Vehicle sales, Personal Income and Outlays, ISM manufacturing, and construction spending.

Summary of Pivot Levels:

1219: S&P 500 52 Week High

1209: Thursday's Previous High

1200: Natural support level

1197: 144 Fibonacci Moving Average (5 min chart)

1196: 200 Fibonacci Moving Average (5 min chart)

1193: Thursday's Previous Low

1186: Friday's close

1181: Last week's Previous Low

 

Disclaimer

The content in this website is provided for educational and informational purposes only. We offer no investment advice, and nothing in this material should be construed as such. There is a risk of loss when you invest; past performance is never a guarantee of future performance. Trading is the sole responsibility of the individual. No reader should act on the basis of any matter contained herein without getting appropriate professional advice. Every investor or trader should consider all advice and all offerings of products and services on their own merits and for suitability to the individual's personal needs and circumstances.

All Right Reserved TraderMongers.com © 2010

About the Author

Shamim Ziyaaudhin is one of the editors of TraderMongers.com a one stop trading news feed source for worldwide traders and investors. Their philosophy is to establish the standard for providing market news feed that is comprehensive, accurate, and concise. Providing technical and fundamental trading setups, economic numbers, and calendar events throughout the trading day. Shamim has a Masters in Business Administration from Fairleigh Dickinson University and holds a degree in Psychology from Rutgers University. Click here to subscribe to Tradermongers E- News

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Is it possible to remove the encoder motor and manually lock a 1999 s 10 blazer into 4wd hi?

There are only 3 positions on the transfer case can any one identify them for me? i would imagine they are 2wd neutral and 4wd with a pivot for hi and low range, is this correct and what order are they in. I want to find 4wd hi and fabricate an arm to keep it into 4 hi. I can already manually lock in the front axle just having trouble finding where the positions are on the transfer case.

All you need is a pair of channel locks and just turn the rod behind the motor one click that should be 4 hi you will know when you drive it .

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