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)
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 | 1272.23 | 2386.50 | 12237 | 769.77 |
| Resistance Level 2 | 1265.12 | 2373.00 | 12178 | 759.63 |
| Resistance Level 1 | 1257.93 | 2356.00 | 12112 | 746.37 |
| Pivot Point | 1250.82 | 2342.50 | 12053 | 736.23 |
| Support Level 1 | 1243.63 | 2325.50 | 11987 | 722.97 |
| Support Level 2 | 1236.52 | 2312.00 | 11928 | 712.83 |
| Support Level 3 | 1229.33 | 2295.00 | 11862 | 699.57 |
3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds
| Contract | Dec. Gold | Dec. Euro | Nov. Crude Oil | Dec. Bonds |
| Resistance Level 3 | 1800.6 | 1.3954 | 102.00 | 143 19/32 |
| Resistance Level 2 | 1794.2 | 1.3874 | 100.84 | 142 27/32 |
| Resistance Level 1 | 1787.9 | 1.3750 | 99.50 | 142 11/32 |
| Pivot Point | 1781.5 | 1.3670 | 98.34 | 141 19/32 |
| Support Level 1 | 1775.2 | 1.3546 | 97.00 | 141 3/32 |
| Support Level 2 | 1768.8 | 1.3466 | 95.84 | 140 11/32 |
| Support Level 3 | 1762.5 | 1.3342 | 94.50 | 139 27/32 |
4. Economic Reports for Tuesday, November 15, 2011
French Prelim GDP
1:30am
German Prelim GDP
2:00am
French Prelim Non-Farm Payrolls
2:45am
Italian Prelim GDP
Tentative
Italian Trade Balance
4:00am
German ZEW Economic Sentiment
5:00am
Flash GDP
5:00am
ZEW Economia Sentiment
5:00am
Trade Balance
5:00am
FOMC Member Evans Speaks
8:00am
Core Retail Sales
8:30am
PPI
8:30am
Retail Sales
8:30am
Core PPI
8:30am
Empire State Manufacturing Index
8:30am
Business Inventories
10:00am
FOMC Member Fisher Speaks
12:30pm