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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Paris

Paris

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. May 23 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Mon. May 28 ~ U.S. markets closed for Memorial Day Holiday
* Wed. May 30 @ 2:00 pm ET ~ Beige Book Report
* Fri. June 1 @ 8:30 am ET ~ Employment Data
* Tues. June 12 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. June 13 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
* Tues. July 3 ~ U.S. markets close early at 1:00 pm ET
* Wed. July 4 ~ U.S. markets closed for Independence Day Holiday
* Wed. Aug. 1 @ 2:00 pm ET ~ FOMC Announcement
* Mon. Sept. 3 ~ U.S. markets closed for Labour Day Holiday
*** Click here for link to Economic Calendars for all upcoming events

IMPORTANT BLOG POST UPDATES...
* JCPOA - Will President Trump recertify the JCPOA on May 12?...stay tuned...May 8 the answer is "No"...US pariticipation in the deal
is scrapped...new sanctions coming for Iran and, possibly, for nations supporting Iran.

Tuesday, January 10, 2012

Support and Resistance Levels on Major Indices

The Daily charts below show near-term support and resistance levels for the Major Indices, as follows:
  • Dow 30:  Support = 12400 and Resistance = 12500
  • Dow Transports:  Support = 5150 and Resistance = 5200
  • Dow Utilities:  Support = 450.00 and Resistance = 455.00
  • S&P 500:  Support = 1280 and Resistance = 1300
  • Nasdaq 100:  Support = 2360 and Resistance = 2380
  • Russell 2000:  Support = 755 and Resistance = 770







The 10-Day 30-Minute chartgrid below of the YM, ES, NQ & TF shows that price failed to advance after making early highs today and fell toward the close. The YM and NQ fell back into last week's range by the end of the day. Volumes were still on the low side today...any repeated attempt(s) to advance convincingly beyond last week's high will need to be accompanied by higher volumes, in my opinion, and as I mentioned in my post on January 6th. We may see more volumes and movement once the Beige Book report is released tomorrow at 2:00 p.m.


So far, the U.S. $ is holding above its near-term support level of 81.00, as shown on the Daily chart below...an important level for the $ bulls to hold, as I also mentioned in my January 6th post.