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1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver
5. Economic Reports for Thursday, January 4, 2012
The New year started but seems that some trades are still away from the markets as volume is still considerably lower than average. Today’s trading in mini SP is a good example, choppy trade, less than 1.4 Mil contracts and market end up pretty much unchanged….
I am including a daily chart of the mini SP 500 for your review. I suspect that more volume and volatility will return to the markets in the next few days.
| Contract (Dec. 2011) | SP500 (big & Mini) |
Nasdaq100 (big & Mini) |
Dow Jones (big & Mini) |
Mini Russell |
| Resistance Level 3 | 1287.17 | 2363.33 | 12468 | 763.27 |
| Resistance Level 2 | 1280.43 | 2346.67 | 12415 | 757.53 |
| Resistance Level 1 | 1276.47 | 2336.33 | 12386 | 751.27 |
| Pivot Point | 1269.73 | 2319.67 | 12333 | 745.53 |
| Support Level 1 | 1265.77 | 2309.33 | 12304 | 739.27 |
| Support Level 2 | 1259.03 | 2292.67 | 12251 | 733.53 |
| Support Level 3 | 1255.07 | 2282.33 | 12222 | 727.27 |
| Contract | Feb. Gold | Dec. Euro | Jan. Crude Oil | March. Bonds |
| Resistance Level 3 | 1645.9 | 1.3229 | 105.89 | 144 31/32 |
| Resistance Level 2 | 1631.9 | 1.3155 | 104.81 | 144 11/32 |
| Resistance Level 1 | 1622.4 | 1.3053 | 104.03 | 143 12/32 |
| Pivot Point | 1608.4 | 1.2979 | 102.95 | 142 24/32 |
| Support Level 1 | 1598.9 | 1.2877 | 102.17 | 141 25/32 |
| Support Level 2 | 1584.9 | 1.2803 | 101.09 | 141 5/32 |
| Support Level 3 | 1575.4 | 1.2701 | 100.31 | 140 6/32 |
| Contract | March Corn | March Wheat | Jan. Beans | March. Silver |
| Resistance Level 3 | 666.2 | 663.7 | 1248.42 | 3047.0 |
| Resistance Level 2 | 662.8 | 660.3 | 1241.83 | 3010.5 |
| Resistance Level 1 | 660.7 | 655.2 | 1235.92 | 2963.0 |
| Pivot Point | 657.3 | 651.8 | 1229.33 | 2926.5 |
| Support Level 1 | 655.2 | 646.7 | 1223.4 | 2879.0 |
| Support Level 2 | 651.8 | 643.3 | 1216.83 | 2842.5 |
| Support Level 3 | 649.7 | 638.2 | 1210.92 | 2795.0 |
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