Volume Remains Extremely Light And That Means The Market Ends Higher
I got wiped out personally in 1968, which was the last really crazy, silly stock market before the Internet era….After 1968, I became a great reader of history books. I was shocked and horrified to discover that I had just learned a lesson that was freely available all the way back to the South Sea Bubble.
Jeremy Grantham
Tonight's Daily Market Report will be presented via the Nightly Analysis Video. Please tune in to hear my latest thoughts on the market for next week.
The master resistance levels for the S&P 500 Index are 1316, 1335, 1352, and 1371. The master support levels for the S&P 500 Index are 1299, 1280, 1263, 1244, 1226, 1209, 1192, 1175, 1158, 1141, 1121, 1107, 1090, 1074, 1058, 1041, and 1026.
February crude finished the session lower by $0.15 to $100.44 per barrel. The master support levels for crude are 100.00, 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. The master resistance levels for crude are 105.00, 109.00, 115.00, 119.00, and 125.00.
February gold finished the session lower by $5.40 to close at $1654.50 an ounce. The master support levels for gold are 1634, 1617, 1594, 1577, 1554, 1537, 1515, 1498, 1477, 1460, 1439, 1422, and 1400. The master resistance levels for gold are 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 higher by 0.075 to close at 1.972%. The resistance levels for the yield are 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%. The support levels for the yield are 1.90%, 1.83%, 1.76%, 1.69%, 1.63%, 1.57%, 1.51%, 1.45%, and 1.39%.
Friday, January 20th, 2011
| NYSE | NASDAQ | |
|---|---|---|
| Advancing Issues | 1,771 (56%) | 1,496 (57%) |
| Declining Issues | 1,285 (40%) | 1,002 (38%) |
| Unchanged Issues | 118 (4%) | 116 (4%) |
| Total Issues | 3,174 | 2,614 |
| New Highs | 134 | 55 |
| New Lows | 15 | 10 |
| Up Volume | 2,070,195,133 (54%) | 1,079,945,808 (56%) |
| Down Volume | 1,656,507,319 (43%) | 789,174,333 (41%) |
| Unchanged Volume | 132,855,699 (3%) | 46,066,290 (2%) |
| Total Volume | 3,859,558,151 | 1,915,186,431 |
| Symbol | Closing Price | Change | Volume |
|---|---|---|---|
| (BAC) Bank of America | $7.07 | +$0.11 (1.58%) | 232,919,671 |
| (MSFT) Microsoft Corporation | $29.71 | +$1.59 (5.65%) | 164,997,904 |
| (INTC) Intel Corp | $26.38 | +$0.75 (2.93%) | 100,750,709 |
| Symbol | Closing Price | Change | Volume |
|---|---|---|---|
| (CPY) CPI Corporation | $1.81 | +$0.45 (33.09%) | 2,262,781 |
| (INSM) Insmed, Inc. | $5.01 | +$1.21 (31.84%) | 3,638,126 |
| (ENMD) EntreMed, Inc | $1.59 | +$0.30 (23.26%) | 162,282 |
| Symbol | Closing Price | Change | Volume |
|---|---|---|---|
| (NCIT) NCI, Inc | $7.80 | -$3.66 (31.94%) | 904,140 |
| (ASTI) Ascent Solar | $0.80 | -$0.26 (24.53%) | 1,998,918 |
| (CCOI) Cogent Communications | $15.30 | -$3.51 (18.66%) | 9,264,589 |
Market Overview & Videos
- Stocks
- AM Video
- PM Video
Research Center Track Record
Our Track Record
Our Pro Gareth Soloway on Twitter
GarethSoloway:
Going to be another fun trading day! Looks like good action to start... let's close it out strong! http://t.co/6jumka1ZB4
GarethSoloway:
I feel like @BenBernanke the last few weeks, #PrintingMoney at will. Re: $STV http://t.co/SSmzdlxuL8 #TradersLife
GarethSoloway:
Stock Market Volatility: An Inside View From #ProprietaryTraders... http://t.co/YYm1ysgnK9
GarethSoloway:
Japanese Stock Market: #Bubbles And Why The Small Investor Remains Scared... http://t.co/rP7qI0WHt4
GarethSoloway:
The #FastMoney guys yesterday were bullish.Today saying "I knew this market was overbought, due for a drop" lol.Too funny.Good comic relief
GarethSoloway:
Quote From A Member: "Gareth great read on markets. Very impressive! Short QQQs, JPM, TGT and still have some DE in the tank. thx! :)"
Testimonials
If you have been watching these videos for a while and are not subscribing, you should now. These folks made a prediction and kept repeating that this market, despite the short term bounce, will go down. So i sold $ 75000 worth of TNA with a 5% profit, even though my gut was telling me to hold on...
yourarchitect (comment on youtube)
Jun 04, 2012
yourarchitect (comment on youtube)
Jun 04, 2012
