{"id":2816,"date":"2011-12-23T05:53:38","date_gmt":"2011-12-23T13:53:38","guid":{"rendered":"http:\/\/www.cannontrading.com\/daily\/?p=2816"},"modified":"2017-07-13T23:04:17","modified_gmt":"2017-07-14T07:04:17","slug":"market-commentaries-holiday-updates-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/market-commentaries-holiday-updates-support-and-resistance-levels\/","title":{"rendered":"Market Commentaries | Holiday Updates | Support and Resistance Levels"},"content":{"rendered":"

Jump to a section in this post:<\/span>
\n1. Market Commentary<\/a><\/strong>
\n2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000<\/a><\/strong>
\n3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver<\/a><\/strong>
\n5. Economic Reports for Friday, December 23, 2011<\/a><\/strong><\/p>\n

\"\"<\/strong><\/p>\n

1. Market Commentary<\/h3>\n

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.<\/p>\n

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”….<\/p>\n

View the Holiday Trading Hours here.<\/h2>\n

<\/a>2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract (Dec. 2011)<\/td>\nSP500
\n(big & Mini)<\/td>\n		Nasdaq100
\n(big & Mini)<\/td>\n		Dow Jones
\n(big & Mini)<\/td>\n		Mini Russell<\/td>\n<\/tr>\n<\/thead>\n
Resistance Level 3<\/td>\n1262.33<\/td>\n2285.67<\/td>\n12188<\/td>\n758.10<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n1255.92<\/td>\n2274.33<\/td>\n12152<\/td>\n752.00<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n1251.83<\/td>\n2268.67<\/td>\n12128<\/td>\n746.90<\/td>\n<\/tr>\n
Pivot Point<\/td>\n1245.42<\/td>\n2257.33<\/td>\n12092<\/td>\n740.80<\/td>\n<\/tr>\n
Support Level 1<\/td>\n1241.33<\/td>\n2251.67<\/td>\n12068<\/td>\n735.70<\/td>\n<\/tr>\n
Support Level 2<\/td>\n1234.92<\/td>\n2240.33<\/td>\n12032<\/td>\n729.60<\/td>\n<\/tr>\n
Support Level 3<\/td>\n1230.83<\/td>\n2234.67<\/td>\n12008<\/td>\n724.50<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/p>\n

<\/a>3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract<\/td>\nFeb. Gold<\/td>\nDec. Euro<\/td>\nJan. Crude Oil<\/td>\nMarch. Bonds<\/td>\n<\/tr>\n<\/thead>\n
Resistance Level 3<\/td>\n1629.9<\/td>\n1.3224<\/td>\n101.74<\/td>\n144 19\/32<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n1622.3<\/td>\n1.3179<\/td>\n100.90<\/td>\n144 10\/32<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n1614.3<\/td>\n1.3120<\/td>\n100.20<\/td>\n143 26\/32<\/td>\n<\/tr>\n
Pivot Point<\/td>\n1606.7<\/td>\n1.3075<\/td>\n99.36<\/td>\n143 17\/32<\/td>\n<\/tr>\n
Support Level 1<\/td>\n1598.7<\/td>\n1.3016<\/td>\n98.66<\/td>\n143 1\/32<\/td>\n<\/tr>\n
Support Level 2<\/td>\n1591.1<\/td>\n1.2971<\/td>\n97.82<\/td>\n142 24\/32<\/td>\n<\/tr>\n
Support Level 3<\/td>\n1583.1<\/td>\n1.2912<\/td>\n97.12<\/td>\n142 8\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/a>4. Support & Resistance Levels for Corn, Wheat, Beans and Silver<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract<\/td>\nMarch Corn<\/td>\nMarch Wheat<\/td>\nJan. Beans<\/td>\nMarch. Silver<\/td>\n<\/tr>\n<\/thead>\n
Resistance Level 3<\/td>\n637.7<\/td>\n641.4<\/td>\n1194.33<\/td>\n3023.2<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n631.3<\/td>\n633.6<\/td>\n1181.17<\/td>\n2995.8<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n624.2<\/td>\n627.2<\/td>\n1170.58<\/td>\n2954.7<\/td>\n<\/tr>\n
Pivot Point<\/td>\n617.8<\/td>\n619.3<\/td>\n1157.42<\/td>\n2927.3<\/td>\n<\/tr>\n
Support Level 1<\/td>\n610.7<\/td>\n612.9<\/td>\n1146.8<\/td>\n2886.2<\/td>\n<\/tr>\n
Support Level 2<\/td>\n604.3<\/td>\n605.1<\/td>\n1133.67<\/td>\n2858.8<\/td>\n<\/tr>\n
Support Level 3<\/td>\n597.2<\/td>\n598.7<\/td>\n1123.08<\/td>\n2817.7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"\"
\n<\/a><\/p>\n

5. Economic Reports<\/h3>\n

BBA Mortgage Approvals
\n4:30am<\/p>\n

Index of Servies
\n4:30am<\/p>\n

SNB Quarterly Bulletin
\n5:00am<\/p>\n

GDP
\n8:30am<\/p>\n

Core Durable Goods Orders
\n8:30am<\/p>\n

Core PCE Price Index
\n8:30am<\/p>\n

Durable Goods Orders
\n8:30am<\/p>\n

Personal Spending
\n8:30am<\/p>\n

Personal Income
\n8:30am<\/p>\n

New Home Sales
\n10:00am<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[592,591,49],"class_list":["post-2816","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-holiday-updates","tag-market-commentaries","tag-support-and-resistance-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=2816"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2816\/revisions"}],"predecessor-version":[{"id":12853,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2816\/revisions\/12853"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=2816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=2816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=2816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}