Market Commentaries

Market Commentaries | Holiday Updates | Support and Resistance Levels

December 23rd, 2011 Filed under Future Trading News | Comment (0)

Jump to a section in this post:
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 Friday, December 23, 2011

1. Market Commentary

Holiday schedule for this Friday through Tuesday for your review below. Please contact your broker with any questions. This is one of the few times where many markets will be closed from Friday afternoon until early Tuesday morning, so please review schedule below.

Also, I mentioned before and I am mentioning again, volume is much lighter recent days and i suspect that the same will happen next Thursday/ Friday. Be aware of the change in “intra-day personalities of the markets” and I recommend taking the approach of “no trade is better than a bad trade”….

View the Holiday Trading Hours here.

2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

Contract (Dec. 2011)	SP500 (big & Mini)	Nasdaq100 (big & Mini)	Dow Jones (big & Mini)	Mini Russell
Resistance Level 3	1262.33	2285.67	12188	758.10
Resistance Level 2	1255.92	2274.33	12152	752.00
Resistance Level 1	1251.83	2268.67	12128	746.90
Pivot Point	1245.42	2257.33	12092	740.80
Support Level 1	1241.33	2251.67	12068	735.70
Support Level 2	1234.92	2240.33	12032	729.60
Support Level 3	1230.83	2234.67	12008	724.50