Posted by Nick Santiago

A stock operator has to fight a lot of expensive enemies within himself.

Jesse Livermore

Market Sentiment For SPX: Daily chart neutral, Weekly chart bearish, Monthly chart bullish: Today, the major stock market indexes all sold off sharply reversing Friday's big rally. As you all know, yesterday's full moon eclipse amplified and triggered the decline. This was highlighted in the 2019 forecast and so far the script has played out as projected. The NASDAQ Composite was the biggest loser closing lower by 1.91 percent. The SPY volume was 115.5 million shares traded, this was not as heavy as many would expect in a broad based decline. As of this time more selling is expected, so if you are holding shorts please just use Friday's SPY top as the stop out point. Please remember, this is still a market that must traded very carefully. Remember, you can have the best levels in the world, but 95% of the stocks out there are simply going to follow the major stock indexes. New 52-week lows beat new 52-week highs (NYSE 15 highs / 28 lows, NASDAQ 26 highs / 38 lows).

The S&P 500 Index finished the session lower by 37.81 (-1.42%) closing at $2632.90. The next master resistance levels for the S&P 500 Index are 2650, 2675, 2700, 2725, 2751, 2751, 2778, 2804, 2830, 2856, 2883, 2909 and 2936. The master support levels for the S&P 500 Index are 2624, 2597, 2571, 2546, 2497, 2472, 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.

February crude (CL-Z8) finished the session lower by $0.77 (+3.60%) to $53.07 a barrel. The master resistance levels for crude are 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 53.00, 49.00, 46.00, 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.

February gold (GC-Z8) finished the session higher by $0.75 (-0.7%) closing at $1283.45 an ounce. The master resistance levels for gold are 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 1281, 1264, 1244, 1228, 1210, 1994, 1976, 1160, 1142, 1126, 1092, 1075, 1060, 1043, 1028, 1011, and 996.

The 10-year bond yield finished the session lower by 0.054 (+1.94%) closing at 2.73%. The master resistance levels for the yield are 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 2.73%, 2.65%, 2.57%, 2.49%, 2.41%, 2.33%, 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

Never over trade. This would be violating your capital rules.

W.D. Gann

Market Sentiment For SPX: Daily chart neutral, Weekly chart bearish, Monthly chart bullish: Today, the major stock market indexes staged another rally into the long weekend. Last week, I said that there were probably a lot of put options that would be scheduled to expire on the January options expiration and that is likely what happened today. The Russell 2000 Index (RUT) continues to be the stand out finishing higher by 1.04%. The Russell 2000 had been the weakest index in late 2018, but is now the strongest in 2019 trading higher by 9.9% year to date. The SPY volume was 117.5 million shares traded, this is an uptick from what we have seen lately. Today, the SPY traded into a major Gann target level, so the markets could be poised for pullback next week. There is also a major Lunar Eclipse on Monday morning so this could play amplify things next week as well. Please remember, this is still a market that must traded very carefully. While the bounce off the lows has been strong it is still a traders market. Remember, you can have the best levels in the world, but 95% of the stocks out there are simply going to follow the major stock indexes. New 52-week highs beat new 52-week lows (NYSE 31 highs / 12 lows, NASDAQ 33 highs / 22 lows).

The S&P 500 Index finished the session higher by 34.75 (+1.42%) closing at $2635.96. The next master resistance levels for the S&P 500 Index are 2650, 2675, 2700, 2725, 2751, 2751, 2778, 2804, 2830, 2856, 2883, 2909 and 2936. The master support levels for the S&P 500 Index are 2624, 2597, 2571, 2546, 2497, 2472, 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.

February crude (CL-Z8) finished the session higher by $1.85 (+3.60%) to $53.84 a barrel. The master resistance levels for crude are 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 53.00, 49.00, 46.00, 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.


February gold (GC-Z8) finished the session lower by $9.10 (-0.7%) closing at $1282.75 an ounce. The master resistance levels for gold are 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 1281, 1264, 1244, 1228, 1210, 1994, 1976, 1160, 1142, 1126, 1092, 1075, 1060, 1043, 1028, 1011, and 996.

The 10-year bond yield finished the session higher by 0.035 (+1.27%) closing at 2.784%. The master resistance levels for the yield are 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 2.73%, 2.65%, 2.57%, 2.49%, 2.41%, 2.33%, 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

If we all worked on the assumption that what is accepted as true is really true, there would be little hope of advance.

Orville Wright

Market Sentiment For SPX: Daily chart neutral, Weekly chart bearish, Monthly chart bullish: Today, the major stock market indexes all rallied higher by the closing bell. The Russell 2000 Index continued to lead the indexes higher again closing up 0.86%. As I mentioned yesterday and last week, there are resistance levels now in play, but higher prices are still possible this week. The SPY volume was 99.0 million shares traded. Earnings season has begun with many financial stock reporting this week, so please check for earnings before entering positions. Tomorrow is also options expiration for the month of January. Often there will be a lot of game playing by the institutional money during the week of option ex. Please remember, this is still a market that must traded very carefully. While the bounce off the lows has been strong it is still a traders market. Remember, you can have the best levels in the world, but 95% of the stocks out there are simply following the major stock indexes. New 52-week highs beat new 52-week lows (NYSE 19 highs / 11 lows, NASDAQ 26 highs / 24 lows).

Tonight, the Daily Market Report material will be presented at the start of the No-Hype Live broadcast. The broadcast will begin at 5:15 pm EST. I hope to see you all there!

The S&P 500 Index finished the session higher by 19.86 (+0.76%) closing at $2635.96. The next master resistance levels for the S&P 500 Index are 2650, 2675, 2700, 2725, 2751, 2751, 2778, 2804, 2830, 2856, 2883, 2909 and 2936. The master support levels for the S&P 500 Index are 2624, 2597, 2571, 2546, 2497, 2472, 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.

February crude (CL-Z8) finished the session lower by $0.34 (-0.60%) to $51.99 a barrel. The master resistance levels for crude are 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 49.00, 46.00, 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.

February gold (GC-Z8) finished the session lower by $1.75 (-0.10%) closing at $1291.85 an ounce. The master resistance levels for gold are 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 1281, 1264, 1244, 1228, 1210, 1994, 1976, 1160, 1142, 1126, 1092, 1075, 1060, 1043, 1028, 1011, and 996.

The 10-year bond yield finished the session higher by 0.018 (+0.66%) closing at 2.749%. The master resistance levels for the yield are 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 2.73%, 2.65%, 2.57%, 2.49%, 2.41%, 2.33%, 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%.