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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 – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday April 19, 2012
Hello Traders,
Not much to share today as far as trading tips so I decided to include an hourly chart of the mini SP 500 for your review along with possible support and resistance lines.
Don’t forget earning season is at it’s peak and we have a full day of economic reports tomorrow.
Be patient, be disciplined and trade well.
GOOD TRADING!
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
| Contract (June 2012) | SP500 (big & Mini) |
Nasdaq100 (big & Mini) |
Dow Jones (big & Mini) |
Mini Russell |
| Resistance 3 | 1390.23 | 2751.33 | 13082 | 815.50 |
| Resistance 2 | 1387.97 | 2739.67 | 13058 | 811.60 |
| Resistance 1 | 1383.23 | 2718.33 | 13012 | 804.90 |
| Pivot | 1380.97 | 2706.67 | 12988 | 801.00 |
| Support 1 | 1376.23 | 2685.33 | 12942 | 794.30 |
| Support 2 | 1373.97 | 2673.67 | 12918 | 790.40 |
| Support 3 | 1369.23 | 2652.33 | 12872 | 783.70 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | June Gold | June Euro | May Crude Oil | June Bonds |
| Resistance 3 | 1668.3 | 1.3243 | 106.37 | 142 29/32 |
| Resistance 2 | 1661.8 | 1.3195 | 105.44 | 142 14/32 |
| Resistance 1 | 1651.2 | 1.3158 | 104.05 | 142 4/32 |
| Pivot | 1644.7 | 1.3110 | 103.12 | 141 21/32 |
| Support 1 | 1634.1 | 1.3073 | 101.73 | 141 11/32 |
| Support 2 | 1627.6 | 1.3025 | 100.80 | 140 28/32 |
| Support 3 | 1617.0 | 1.2988 | 99.41 | 140 18/32 |
4. Support & Resistance Levels for Corn, Wheat, Beans and Silver
| Contract | May Corn | May Wheat | May Beans | May Silver |
| Resistance 3 | 626.6 | 618.8 | 1420.83 | 3239.8 |
| Resistance 2 | 620.9 | 616.9 | 1416.92 | 3214.2 |
| Resistance 1 | 611.3 | 613.8 | 1412.33 | 3185.3 |
| Pivot | 605.7 | 611.9 | 1408.42 | 3159.7 |
| Support 1 | 596.1 | 608.8 | 1403.8 | 3130.8 |
| Support 2 | 590.4 | 606.9 | 1399.92 | 3105.2 |
| Support 3 | 580.8 | 603.8 | 1395.33 | 3076.3 |
5. Economic Reports
Tentative EUR
Spanish 10-y Bond Auction
8:30am USD
Unemployment Claims
10:00am EUR
Consumer Confidence
10:00am USD
Existing Home Sales
10:00am USD
Philly Fed Manufacturing Index
10:00am USD
CB Leading Index m/m
10:30am USD
Natural Gas Storage
Day 1 All
G20 Meetings