Investors operate with limited funds and limited intelligence, they don't need to know everything. As long as they understand something better than others, they have an edge.
George Soros
I will be on vacation this week, therefore, only the master numbers will be updated. If I see anything of importance I will post it via the Hot Charts or in the Daily Market Report.
The master resistance levels for the S&P 500 Index are 1263, 1280, 1299, 1316, 1335, 1352, and 1371. The master support levels for the S&P 500 Index are 1244, 1226, 1209, 1192, 1175, 1158, 1141, 1121, 1107, 1090, 1074, 1058, 1041, and 1026.
February crude finished the session higher by $0.29 to $99.65 per barrel. The master resistance levels for crude are 100.00, 105.00, 109.00, 115.00, 119.00, and 125.00. The master support levels for crude are 95.00, 89.00, 84.00, 79.00, 74.00, 69.50, and 66.00. Please remember oil is very sensitive to adverse weather, geopolitical events, and the U.S. Dollar.
February gold finished the session lower by $23.20 to close at $1540.90 an ounce. The master support levels for gold are 1537, 1515, 1498, 1477, 1460, 1439, 1422, and 1400. The master resistance levels for gold are 1554, 1577, 1594, 1617, 1634, 1657, 1674, 1698, 1716, 1740, 1758, 1782, 1800, 1825, 1842, 1867, 1886, 1911, 1930, 1955, 1974, and 1999.
The 10 year bond yield finished the session lower by 0.011 to close at 1.897%. 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%.
