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 Tuesday, November 15 2011
1. Market Commentary
Tomorrow we have a FULL day with reports in the US as well as Europe that should affect the market. Please scroll down to see list of times, reports and impact level.
Talking about Europe, one of the more popular foreign stock index markets is the DAX.
“big market” as far as value per point but many overseas clients as well as some US clients like to trade it because it has good volume during different times of the day and because the large $ amount per tick (actually EURO per tick = 12.50).
Last week I spoke about different markets to watch for day-trading opportunities, so it is appropriate to include a 60 minute chart of the DAX which had a “small buy signal” ( I would use a stop right below 5900 if I went long) Continue reading “US and Europe Reports | 60 Minute Chart of the DAX | Support and Resistance Levels”