It isn't as important to buy as cheap as possible as it is to buy at the right time.
Jesse Livermore
Tonight's Daily Market Report will be done via the Nightly Analysis Video. Please tune in to hear my thoughts on this market for next week. Before I shoot the video I will be doing a few calculations. Please expect the video to be posted around 9:30 pm EST.
The master support levels for the S&P 500 Index are 1209, 1192, 1175, 1158, 1141, 1121, 1107, 1090, 1074, 1058, 1041, and 1026. The master resistance levels for the S&P 500 Index are 1226, 1244, 1263, 1280, 1299, 1316, 1335, 1352, and 1371.
January crude finished the session lower by $0.34 to $93.53 per barrel. The master support levels for crude are 89.00, 84.00, 79.00, 74.00, 69.50, and 66.00. The master resistance levels for crude are 95.00, 100.00, 105.00, 109.00, 115.00, 119.00, and 125.00. Please remember oil is very sensitive to adverse weather, geopolitical events, and the U.S. Dollar.
February gold finished the session higher by $20.70 to close at $1597.90 an ounce. The master resistance levels for gold are 1617, 1634, 1657, 1674, 1698, 1716, 1740, 1758, 1782, 1800, 1825, 1842, 1867, 1886, 1911, 1930, 1955, 1974, and 1999. The master support levels for gold are 1594, 1577, 1554, 1537, 1515, 1498, 1477, 1460, 1439, 1422, and 1400.
The 10 year bond yield finished the session lower by 0.059 to close at 1.854%. The support levels for the yield are 1.83%, 1.76%, 1.69%, 1.63%, 1.57%, 1.51%, 1.45%, and 1.39%. The resistance levels for the yield are 1.90%, 1.97%, 2.04%, 2.11%, 2.18%, 2.25%, 2.33%, 2.41%, 2.49%, 2.57%, 2.65%, 2.73%, 2.81%, 2.89%, 2.98%, 3.07%, 3.16%, 3.25%, 3.34%, 3.43%, 3.52%, 3.61%, 3.71% 3.81%, 3.91%, and 4.01%.
