Posted by Nick Santiago

When you know what not to do in order to lose money, you begin to learn what to do in order to win.

Jesse Livermore

Market Sentiment For SPX: Daily chart cautiously bullish, Weekly chart bullish: Today, all of the major stock indexes finished basically flat by the closing bell. The Russell 2000 (small caps) was the big winner closing up 0.43 percent. Trading volume in the SPY was just 55.07 million shares traded. The pullback that was expected after Labor Day looks to be underway, but this is still a traders market. Geopolitical events are still on the forefront, so stay tuned. It only takes one tweet or news headline these days to rattle markets. New highs outpaced new lows (NYSE 108 highs / 91 lows, NASDAQ 147 highs / 74 lows).

The S&P 500 Index finished the session higher by 0.80 closing at $2904.98. The next master resistance levels for the S&P 500 Index are 2909, 2936. The master support levels for the S&P 500 Index are 2883, 2856, 2830, 2804, 2778, 2752, 2725, 2700, 2675, 2650, 2624, 2597, 2571, 2571, 47, 2497, 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.

October crude (CL-V8) finished the session higher by $0.36 to close at $68.98 a barrel. The master resistance levels for crude are 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 66.00, 61.00, 57.00, 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.

December gold (GC-Z8) finished the session lower by $7.30 closing at $1200.80 an ounce. The master resistance levels for gold are 1210, 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 1994, 1176, 1160, 1142, 1126, 1092, 1075, 1060, 1043, 1028, 1011, and 996.

The 10-year bond yield finished the session higher by 0.31 closing at 2.994%. The master resistance levels for the yield are 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 2.98%, 2.89% 2.81%, 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

You were born to win, but to be a winner, you must plan to win, prepare to win, and expect to win.

Zig Ziglar

Market Sentiment For SPX: Daily chart cautiously bullish, Weekly chart bullish: Today, all of the major stock indexes finished finished higher wit the exception of the Russell 2000 Index which was flat. Money came out of the financial and retail stocks today, so we continue to see more sector rotaion taking place. Trading volume in the SPY was just 49.01 million shares traded. The pullback that was expected after Labor Day looks to be underway, but this is still a traders market. Geopolitical events are still on the forefront, so stay tuned. It only takes one tweet or news headline these days to rattle markets. New highs outpaced new lows (NYSE 127 highs / 77 lows, NASDAQ 134 highs / 57 lows) this was a better reading today.

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 1.03 closing at $2888.92. The next master resistance levels for the S&P 500 Index are 2909, 2936. The master support levels for the S&P 500 Index are 2883, 2856, 2830, 2804, 2778, 2752, 2725, 2700, 2675, 2650, 2624, 2597, 2571, 2571, 47, 2497, 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.

October crude (CL-V8) finished the session lower by $1.77 to close at $68.62 a barrel. The master resistance levels for crude are 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 66.00, 61.00, 57.00, 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.

December gold (GC-Z8) finished the session lower by $2.70 closing at $1208.10 an ounce. The master resistance levels for gold are 1210, 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 1994, 1176, 1160, 1142, 1126, 1092, 1075, 1060, 1043, 1028, 1011, and 996.

The 10-year bond yield finished the session unchanged closing at 2.963%. The master resistance levels for the yield are 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 2.89% 2.81%, 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

Live as if you were to die tomorrow. Learn as if you were to live forever.

Mahatma Gandhi

Market Sentiment For SPX: Daily chart cautiously bullish, Weekly chart bullish: Today, the major stock indexes finished mixed but close to flat line. There was an early raid on many of the leading semiconductor stocks, so this should be watched closely. Volume in the SPY was again extremely light with just 59.76 million shares traded. The pullback that was expected after Labor Day looks to be underway, but this is still a traders market. Geopolitical events are still on the forefront, so stay tuned. It only takes one tweet or news headline these days to rattle markets. New highs slightly outpaced new lows (NYSE 95 highs / 79 lows, NASDAQ 95 highs / 89 lows) this is still a soft reading.

The S&P 500 Index finished the session higher by 1.03 closing at $2888.92. The next master resistance levels for the S&P 500 Index are 2909, 2936. The master support levels for the S&P 500 Index are 2883, 2856, 2830, 2804, 2778, 2752, 2725, 2700, 2675, 2650, 2624, 2597, 2571, 2571, 47, 2497, 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.

October crude (CL-V8) finished the session higher by $2.82 to close at $69.27 a barrel. The master resistance levels for crude are 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 66.00, 61.00, 57.00, 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.

December gold (GC-Z8) finished the session higher by $8.70 closing at $1210.80 an ounce. The master resistance levels for gold are 1210, 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 1994, 1176, 1160, 1142, 1126, 1092, 1075, 1060, 1043, 1028, 1011, and 996.

The 10-year bond yield finished the session lower by 0.014 closing at 2.963%. The master resistance levels for the yield are 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 2.89% 2.81%, 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%.