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. Economic Reports for Friday, December 9, 2011
1. Market Commentary
Please note that Equity Indices products; TF, ES, NQ, EMD and YM roll on Thursday the 8th at 8:30 am Chicago time from the December 2011 contract to the March 2012 contract. The month code for March is ‘H’.
It is recommended that all new positions be placed in the March contract as of Thursday’s trade date.
Please close any open December Currencies positions by the close on Friday, December 16th.
Should you have any further questions please contact your futures broker.
Since we are now trading MARCH contracts for all stock indices, daily chart of MARCH MINI SP 500 for your review below along with a potential SWING trade going short.
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 | 1275.83 | 2357.33 | 12298 | 777.23 |
| Resistance Level 2 | 1265.62 | 2340.17 | 12231 | 765.27 |
| Resistance Level 1 | 1250.93 | 2311.33 | 12109 | 744.53 |
| Pivot Point | 1240.72 | 2294.17 | 12042 | 732.57 |
| Support Level 1 | 1226.03 | 2265.33 | 11920 | 711.83 |
| Support Level 2 | 1215.82 | 2248.17 | 11853 | 699.87 |
| Support Level 3 | 1201.13 | 2219.33 | 11731 | 679.13 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | Feb. Gold | Dec. Euro | Jan. Crude Oil | March. Bonds |
| Resistance Level 3 | 1798.6 | 1.3617 | 104.59 | 145 20/32 |
| Resistance Level 2 | 1779.5 | 1.3539 | 103.16 | 144 5/32 |
| Resistance Level 1 | 1745.9 | 1.3444 | 100.57 | 143 13/32 |
| Pivot Point | 1726.8 | 1.3366 | 99.14 | 141 30/32 |
| Support Level 1 | 1693.2 | 1.3271 | 96.55 | 141 6/32 |
| Support Level 2 | 1674.1 | 1.3193 | 95.12 | 139 23/32 |
| Support Level 3 | 1640.5 | 1.3098 | 92.53 | 138 31/32 |
5. Economic Reports
German Final CPI
2:00am
German Trade Balance
2:00am
German WPI
9th – 13th
French Industrial Production
2:45am
French Government Budget Balance
2:45am
EU Economic Summit
All Day
Trade Balance
8:30am
Prelim UoM Consumer Sentiment
9:55am
Prelim UoM Inflation Expectations
9:55am