Posted by Nick Santiago

Energy and persistence conquer all things.

Benjamin Franklin

Market Sentiment: Daily chart bullish, Weekly chart bullish: Today, the major stock indexes ended the session mixed. The NASDAQ was the strongest index closing at a new all time high. Please remember, this is an options expiration trading week which is usually filled with lots of whipsaw. At this time, I will be staying with the trend(up) until the evidence tells me things are changing (expected top around mid-late July).

The S&P 500 Index finished the session higher by 1.47 closing at $2460.61. The next master resistance levels for the S&P 500 Index is 2497. The master support levels for the S&P 500 Index are 2448, 2425, 2400, 2375, 2351, 2327, 2302, 2289, 2255, 2221, 2198, 2174, 2148, 2125, 2100, 2081, 2055, 2033, 2011, 1993, 1967, 1949, 1923, 1905, and 1879.

August crude (CL-Q7) finished the session higher by $0.38 to close at $46.40 a barrel. The master resistance levels for crude are 46.00, 49.00, 53.00, 57.00, 61.00, 66.00, 69.50, 74.00, 79.00, 84.00, 89.00, 95.00, 100.00, 105.00, 109.00, 115.00, 119.00, and 125.00. The next master support levels for crude are 42.00, 40.00, 37.00, 34.00, 31.00, 28.00, 25.00, and 23.00. Please remember oil is very sensitive to adverse weather, geopolitical events, and the U.S. Dollar.

August gold (GC-Q7) finished the session higher by $8.30 closing at $1241.90 an ounce. The master resistance levels for gold are 1244, 1264, 1281, 1300, 1317, 1337, 1353, 1372, 1410, 1428, 1449, 1466, 1486, 1504, 1524, 1543, 1565, 1583, 1604, 1623, 1644, 1663, 1684, 1703, 1726, 1746, 1758, 1769, 1782, 1800, 1825, 1842, 1867, 1886, 1911, 1930, 1955, 1974, and 1999. The master support levels for gold are 1228, 1210, 1994, 1176, 1160, 1142, 1126, 1092, 1075, 1060, 1043, 1028, 1011, and 996.

The 10-year bond yield finished the session lower by 0.46 closing at 2.263%. The master resistance levels for the yield are 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 master support levels for the yield are 2.25%, 2.11%, 2.04%, 1.97%, 1.90%, 1.83%, 1.76%, 1.69%, 1.63%, 1.57%, 1.51%, 1.45%, 1.39%, and 1.33%.

Posted by Nick Santiago

There is a real magic in enthusiasm. It spells the difference between mediocrity and accomplishment.

Norman Vincent Peale

Market Sentiment: Daily chart bullish, Weekly chart bullish: Today, the major stock indexes ended the session basically flat. The SPY volume was actually the lightest of the year. Corporate earnings season is about to start so the volume should get better from here. Options expiration is Friday so expect the usually game playing by the institutional money. At this time, I will be staying with the trend(up) until the evidence tells me things are changing (expected top around mid-late July).

The S&P 500 Index finished the session lower by 0.13 closing at $2459.14. The next master resistance levels for the S&P 500 Index is 2497. The master support levels for the S&P 500 Index are 2448, 2425, 2400, 2375, 2351, 2327, 2302, 2289, 2255, 2221, 2198, 2174, 2148, 2125, 2100, 2081, 2055, 2033, 2011, 1993, 1967, 1949, 1923, 1905, and 1879.

August crude (CL-Q7) finished the session lower by $0.51 to close at $46.02 a barrel. The master resistance levels for crude are 46.00, 49.00, 53.00, 57.00, 61.00, 66.00, 69.50, 74.00, 79.00, 84.00, 89.00, 95.00, 100.00, 105.00, 109.00, 115.00, 119.00, and 125.00. The next master support levels for crude are 42.00, 40.00, 37.00, 34.00, 31.00, 28.00, 25.00, and 23.00. Please remember oil is very sensitive to adverse weather, geopolitical events, and the U.S. Dollar.

August gold (GC-Q7) finished the session higher by $6.10 closing at $1233.60 an ounce. The master resistance levels for gold are 1228, 1244, 1264, 1281, 1300, 1317, 1337, 1353, 1372, 1410, 1428, 1449, 1466, 1486, 1504, 1524, 1543, 1565, 1583, 1604, 1623, 1644, 1663, 1684, 1703, 1726, 1746, 1758, 1769, 1782, 1800, 1825, 1842, 1867, 1886, 1911, 1930, 1955, 1974, and 1999. The master support levels for gold are 1210, 1994, 1176, 1160, 1142, 1126, 1092, 1075, 1060, 1043, 1028, 1011, and 996.

The 10-year bond yield finished the session lower by 0.01 closing at 2.309%. The master resistance levels for the yield are 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 master support levels for the yield are 2.25%, 2.11%, 2.04%, 1.97%, 1.90%, 1.83%, 1.76%, 1.69%, 1.63%, 1.57%, 1.51%, 1.45%, 1.39%, and 1.33%.

Posted by Nick Santiago

You are today where your thoughts have brought you; you will be tomorrow where your thoughts take you.

James Allen

Market Sentiment: Daily chart bullish, Weekly chart bullish: Today, the major stock indexes rallied higher into the weekend. The SPY volume remains some of the lightest of the year. At this time, I will be staying with the trend(up) until the evidence tells me things are changing (expected top around mid-late July).

Tonight, the Daily Market Report will be presented via the Nightly Analysis Video. The video will be posted later this evening.

The S&P 500 Index finished the session higher by 11.46 closing at $2459.27. The next master resistance levels for the S&P 500 Index is 2497. The master support levels for the S&P 500 Index are 2448, 2425, 2400, 2375, 2351, 2327, 2302, 2289, 2255, 2221, 2198, 2174, 2148, 2125, 2100, 2081, 2055, 2033, 2011, 1993, 1967, 1949, 1923, 1905, and 1879.

August crude (CL-Q7) finished the session higher by $0.47 to close at $46.53 a barrel. The master resistance levels for crude are 46.00, 49.00, 53.00, 57.00, 61.00, 66.00, 69.50, 74.00, 79.00, 84.00, 89.00, 95.00, 100.00, 105.00, 109.00, 115.00, 119.00, and 125.00. The next master support levels for crude are 42.00, 40.00, 37.00, 34.00, 31.00, 28.00, 25.00, and 23.00. Please remember oil is very sensitive to adverse weather, geopolitical events, and the U.S. Dollar.

August gold (GC-Q7) finished the session higher by $10.00 closing at $1227.50 an ounce. The master resistance levels for gold are 1228, 1244, 1264, 1281, 1300, 1317, 1337, 1353, 1372, 1410, 1428, 1449, 1466, 1486, 1504, 1524, 1543, 1565, 1583, 1604, 1623, 1644, 1663, 1684, 1703, 1726, 1746, 1758, 1769, 1782, 1800, 1825, 1842, 1867, 1886, 1911, 1930, 1955, 1974, and 1999. The master support levels for gold are 1210, 1994, 1176, 1160, 1142, 1126, 1092, 1075, 1060, 1043, 1028, 1011, and 996.

The 10-year bond yield finished the session lower by 0.029 closing at 2.319%. The master resistance levels for the yield are 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 master support levels for the yield are 2.25%, 2.11%, 2.04%, 1.97%, 1.90%, 1.83%, 1.76%, 1.69%, 1.63%, 1.57%, 1.51%, 1.45%, 1.39%, and 1.33%.