Stock Market Monthly Report January, 2013: The major indexes Dow Jones, S&P 500 and NASDAQ started the month with explosive gains, and hold on to it as the month ended. The indexes had quiet days for the most part . They were occasional heavy volume accumulations, and distributions. But, the slow, but steady gains pushed Dow Jones and S&P 500 to new 52 week high. The S&P 500 closed above 1,500 during the month. The NADSAQ lagged a bit for the month, and didn’t make any major achievements. But, still made decent move towards achieving a new 52 week high. Having said that, here is our monthly review on each index.

Dow Jones started the month with price value of 13,104.14 and ended at 13860.58. So, it posted +756.44 points or +5.77% gain, and outperformed for the month. The indexes closed in the positive territory for most of the days. It’s trading well above the 50 and 200 day moving average price levels. The resistance price level hovers around all time high of 14,198 and the support runs around 13,400.

Key Statistics:

Source: Yahoo Finance


S&P 500 started the month with the price value of 1,426.19 and ended at 1,498.11. So, it posted +71.92 points or +5.04% gains, and performed in line with the Dow Jones. The NYSE volume also picked up pace than last month. The resistance price level hovers around all time high of 1,576 and the support runs around 1,450.

Key Statistics:

Source: Yahoo Finance


NASDAQ started the month with the price value of 3,019.51 and ended at 3,142.13. So, it posted + 122.62 points or + 4.06% gains, but underperformed for the month, again. The index saw three distribution days during the month. But, it’s on track to make a new 52 week high. The resistance price level hovers around all time high of 3,200 and the support runs around 3,061.

Key Statistics:

Source: Yahoo Finance


Recap: The indexes made solid gains during the month, and laid out a strong foundation for the year. The rally which started in November, 28th 2012, still looks healthy. The indexes strong gain will help to absorb few distribution days, should they occur in the coming days, and helps the rally to continue. The indexes all set to make a new all time high. Will they do in February?

Top 10 Breakouts
  -  TMS International Corp. (TMS)
  -  Oiltanking Partners, L.P. (OILT)
  -  SalesForce.com, inc.(CRM)  -  Marriott Vacations Worldwide Corp. (VAC)
  -  Starbucks Corporation(SBUX)  -  CarMax Inc. (KMX)
  -  Home Loan Servicing Solutions, Ltd. (HLSS)
  -  Service Corp. International (SCI)
  -  The Cooper Companies Inc.(COO)  -  The ADT Corporation (ADT)



Related articles:

1.Weekly review – 01/14– 01/19/2013 – Dow Jones and S&P 500 make new 52 week high. NASDAQ edges up
2.Weekly review – 01/05– 01/12/2013 – Dow Jones , S&P 500 and NASDAQ stay put.
3.Weekly review – 12/31/12– 01/05/2013 – Dow Jones , S&P 500 and NASDAQ stage a solid turnaround.