I'm a great believer in luck., I find the harder I work the more I have of it.
Thomas Jefferson
My vacation is nearing it's end. While it was nice to finally have a week off to spend with the family I'm itching to get back to work. I hope you all have a wonderful New Year holiday. Let us all be grateful for the past year and get ready to have another fantastic trading year in 2012.
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. The master resistance levels for the S&P 500 Index are 1263, 1280, 1299, 1316, 1335, 1352, and 1371.
February crude finished the session lower by $0.82 to $98.83 per barrel. The master support levels for crude are 95.00, 89.00, 84.00, 79.00, 74.00, 69.50, and 66.00. The master resistance levels for crude are 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 $25.90 to close at $1566.80 an ounce. The master resistance levels for gold are 1577, 1594, 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 1554, 1537, 1515, 1498, 1477, 1460, 1439, 1422, and 1400.
The 10 year bond yield finished the session lower by 0.026 to close at 1.871%. 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%.
