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ES Support and Resistance for October 5


Today's levels.

The titans moved up when compared to last week. Those added in July are up roughly 5% (combined) while those added in August are up 6%, and the ones added in September are up 2%. The companies added in July are Arctic Cat Inc. (NASDAQ:ACAT), Carmike Cinemas Inc. (NASDAQ:CKEC), Town Sports International Holdings Inc. (NASDAQ:CLUB), Conns Inc. (NASDAQ:CONN), DXP Enterprises, Inc. (NASDAQ:DXPE), Fifth & Pacific Companies, Inc. (NYSE:FNP), Myers Industries Inc. (NYSE:MYE), and Susser Holdings Corporation (NASDAQ:SUSS).

The ones added for August are AEP Industries Inc. (NASDAQ:AEPI), American Railcar Industries, Inc. (NASDAQ:ARII), Drew Industries Inc. (NYSE:DW), DXP Enterprises, Inc., Gruma S.A.B. de CV (NYSE:GMK), GP Strategies Corp. (NYSE:GPX), The Marcus Corporation (NYSE:MCS), Multi-Fineline Electronix Inc. (NASDAQ:MFLX), Nortek Inc. (NASDAQ:NTK), and Grupo Simec S.A.B. de C.V. (NYSEAMEX:SIM).

For September, the companies are are Arctic Cat Inc., Conns Inc., ChipMOS TECHNOLOGIES (Bermuda) LTD. (NASDAQ:IMOS), Kimball International, Inc. (NASDAQ:KBALB), Key Tronic Corp. (NASDAQ:KTCC), M/I Homes, Inc. (NYSE:MHO), Stewart Information Services Corporation (NYSE:STC), Seagate Technology Public Limited Company (NASDAQ:STX), and USG Corporation (NYSE:USG).

The E-mini S&P 500 Futures Contract (ES) opened higher and in the area of R1. The initial movement was down with the ES staying higher for the day. However, the trading stayed in the area of R1 as it was tested. R1 held and the ES bounced higher and began a test of R2. R2 held also. The range for the day was only nine points (even though the ES rose 11 points for the day).

The levels for today are:

R3 = 1472

R2 = 1463

R1 = 1459.5

Pivot = 1454

S1 = 1450.5

S2 = 1445

S3 = 1436

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