In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini S&P 500 Futures Chart
4. Economic Reports
5. Highlighted Earnings Releases
1. Market Commentary
This morning un employment report lived up to its expectations….providing a volatile two sided action.
Subscribers to our daily webinar or to the LEVEX DIAMOND algo had access in real time to this 15 minutes mini SP chart below.
LEVEX DIAMOND Algo in the S&P 500 Futures Chart from October 7, 2011
GOOD TRADING!
2. SUPPORT AND RESISTANCE LEVELS!
| Contract (Dec. 2011) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1184.67 | 2264.00 | 11346 | 696.67 |
| Resistance 2 | 1175.58 | 2245.50 | 11262 | 686.73 |
| Resistance 1 | 1163.17 | 2220.75 | 11151 | 669.87 |
| Pivot | 1154.08 | 2202.25 | 11067 | 659.93 |
| Support 1 | 1141.67 | 2177.50 | 10956 | 643.07 |
| Support 2 | 1132.58 | 2159.00 | 10872 | 633.13 |
| Support 3 | 1120.17 | 2134.25 | 10761 | 616.27 |
| Contract | Dec. Gold | Dec. Euro | Nov. Crude Oil | Dec. Bonds |
| Resistance 3 | 1699.4 | 1.3645 | 86.76 | 144 3/32 |
| Resistance 2 | 1682.8 | 1.3581 | 85.38 | 143 3/32 |
| Resistance 1 | 1660.7 | 1.3480 | 84.12 | 142 7/32 |
| Pivot | 1644.1 | 1.3416 | 82.74 | 141 7/32 |
| Support 1 | 1622.0 | 1.3315 | 81.48 | 140 11/32 |
| Support 2 | 1605.4 | 1.3251 | 80.10 | 139 11/32 |
| Support 3 | 1583.3 | 1.3150 | 78.84 | 138 15/32 |
3. Daily Mini S&P 500 Futures Chart from October 7, 2011
Monday is Columbus Day, which is a bank holiday but MOST markets are open regular times.
Looking forward using the daily chart below I actually see a case for both the bulls and the bears…After a few days of gains the market gave up momentum and failed against the 1175 which is the 50 days moving average and had a bearish close BUT still was able to close above first support at 1141.
It will be interesting to see which way we will open Sunday night. At this point I see us in a range between 1141 and 1175. I suspect that a break above 1175 will trigger stops and short covering and that a break below 1141 may attract fresh selling. I will wait and see price action before deciding on which way to attack the market.
4. Economic Reports for Monday October 10, 2011
Bank Holiday
All Day
Economics Report Source: http://www.forexfactory.com/calendar.php
5. Highlighted Earnings Releases
| SYMBOL | COMPANY | EVENT TITLE | EPS ESTIMATE | EPS ACTUAL | PREV. YEAR ACTUAL | DATE/TIME (ET) |
| MASC | Material Sciences Corp | Q2 2012 Material Sciences Corp Earnings Release | $ 0.24 | n/a | $ 0.30 | 7-Oct BMO |
| 3384.NG | ArkCore Inc | Q2 2012 ArkCore Inc Earnings Release | n/a | n/a | n/a | 7-Oct 3:30 AM |
| 8185.T | Chiyoda Co Ltd | Q2 2012 Chiyoda Co Ltd Earnings Release | n/a | n/a | n/a | 7-Oct 2:00 AM |
| 5900.OS | Daiken Co Ltd | Q2 2012 Daiken Co Ltd Earnings Release | n/a | n/a | n/a | 7-Oct 2:30 AM |
| 9883.T | Fuji Electronics Co Ltd | Q2 2012 Fuji Electronics Co Ltd Earnings Release | n/a | n/a | n/a | 7-Oct 2:30 AM |
| 3063.T | j Project Corp | Q2 2012 j Project Corp Earnings Release | n/a | n/a | n/a | 7-Oct 2:00 AM |