Watch S&P Futures @ 1827 & S&P 500 @ 1830

Look to sell S&P Futures around 1827 or S&P 500 @ 1830 if it stays below & drops further

Resistance remains strong for now but might change after US economic data from 8:30am-9:55am EST

Look to buy S&P 500 @ 1780

Look to buy S&P 500 @ 1780 at higher risk if it stays above & goes higher, for 30 minutes expiration

Trading signals to watch

S&P Futures jumped to 1788 on Friday but dropped again, showing that it's still unstable, next resistance @ 1780
Look to sell S&P Futures @ 1780 or 1790 if it stays below & drops further, for 30 minutes expiration
Risk: 1780 is just a temporary resistance & can be broken easily

Also watch S&P 500 around 1770 or slightly higher for rebound (no strong support found yet)
Look to buy S&P 500 @ 1770 if it stays above & goes higher, for 30 minutes & end of day expiration
S&P 500 should stay above 1770 or risk dropping even further

Sell S&P 500 @ 1790

Look to sell S&P 500 @ 1790 if it stays below & drops further, for 30 minutes expiration

Look to sell S&P Futures @ 1800

After the stock market closed, S&P Futures broke above 1788 & 1790 to reach 1800 & drop
Next resistance @ 1800, watch S&P Futures @ 1800 tomorrow (29 January 2014)
Look to sell S&P Futures @ 1800 if it stays below & drops further
Risk: S&P Futures strengthened & is currently bullish but is still staying below 1800

Trading signals to watch today

S&P Futures dropped below 1830 after economic news yesterday & even dropped to 1812 now
Not safe to trade anymore as the stock market is too weak for now
Resistance @ 1828-1830
Look to sell S&P 500 or S&P Futures @ 1830 if it stays below & drops further for 30 minutes expiration, although it might not even reach 1830 today

Trading Signals to watch

S&P 500 stayed below 1850 yesterday
S&P Futures rebounded around 1835-1836 & only reached 1843 after the stock market closed, then dropped sharply to rebound @ 1830

Look to sell S&P Futures @ 1843 if it stays below & drops further
Look to buy S&P Futures @ 1830 if it stays above & goes higher
All for 30 minutes expiration

S&P Futures still looks weak for now, buying will be at a higher risk
Economic news especially Unemployment claims might also affect it later

(Time shown in chart is EST)

Stock Market Analysis & Trading Signals to watch

S&P 500 Analysis
S&P 500's resistance @ 1850 is still strong as it stayed below & dropped sharply yesterday
Look to sell S&P 500 @ 1850 if it stays below & drops further, for 30 minutes expiration

Economic news
World Economic Forum annual meetings will be held starting from today & throughout the week
Comments from influential officials can create significant market volatility
Trading will be at a higher risk this week

Bank of America CEO Brian Moynihan: ‘As economies continue to stabilize in 2014, our experts expect we could see accelerated growth’

Therefore there's the risk of S&P 500 gaining strength & even breaking above 1850 because of comments like these
Avoid selling if it breaks above 1850 & goes higher

S&P Futures Analysis
S&P Futures is currently rebounding @ 1835-1836 but it may not be quite safe to trade as it dropped further below yesterday
S&P Futures new resistance @ 1843 (S&P 500's 1850), there's also smaller resistance @ 1838 although it can be broken easily

S&P Futures is currently following S&P 500 as it dropped when S&P 500 reached 1850 yesterday
So it would be safer to sell S&P 500 @ 1850 instead of S&P Futures @ 1843 as the value for S&P Futures might change later

Risks: 1835 & 1838 are not strong support or resistance & are just temporary, which can be broken easily, trade at your own risk
(High risk: Buy @ 1835-1836, Sell @ 1843/1838)

Sell S&P Futures @ 1842

Look to sell S&P Futures @ 1842 or 1840 (higher risk) if it stays below & drops further, for 30 minutes expiration

S&P Futures built strong resistance @ 1842 & dropped, it also dropped from 1840 which is a 2nd possible resistance, sell if it reaches 1842 & drop again or sell @ 1840 at higher risk if it stays below & drops further

Stock Market Analysis & Trading Signals to watch

S&P Future broke & stayed above 1840 at 5am EST but dropped back below 1840 at 8am EST before economic news
It dropped further after 8:30am EST's economic news which are slightly above/below expectations
S&P Futures tried to break above 1840 again but reached 1839 & dropped sharply

Morgan Stanley's earnings dropped sharply due to legal bills
American Express' profit doubled
General Electric's earnings met expectations although not better than expected
Intel's earnings slightly missed expectations

Most economic news & earnings are mixed again, but S&P Futures showed that it was able to break above 1840 earlier
Look to sell S&P Futures @ 1840 if it stays below & drops further, for 30 minutes expiration
Risk: S&P Futures can break above 1840 later

Trading signals to watch 16 January 2014

Resistance @ 1850 remains strong yesterday as S&P 500 couldn't stay above 1850 even though it tried to
Look to sell S&P 500 @ 1850 (S&P Futures @ 1844) today (16 January 2014) if it fails & drops further again
Risk: S&P 500 might keep trying to break above 1850

New possible support found @ S&P 500's 1846 as S&P 500 dropped to 1846 & rebounded twice, although it's slightly broken
S&P 500's 1846= S&P Future's 1840 as S&P Futures couldn't drop further below 1840 & rebounded
Look to buy S&P 500 @ 1846 or S&P Futures @ 1840 if it stays above & goes higher, preferably if both stays above

Although S&P 500 is currently trading in the range of 1846-1850,
Economic data & Fed Chairman's speech might affect the market & help it break above or drop below the range of 1846-1850
Wait for economic data, watch market's reaction & trade cautiously as there are a lot of important economic news today & the market can be quite volatile

S&P Futures analysis (unpublished) No safe trading signals today

Economic reports mostly better than expected, S&P Futures broke above small resistance @ 1819
Look to buy S&P 500 or S&P Futures @ 1819-1820 if it stays above & goes higher, for 30 minutes expiration

Risk: support not confirmed, S&P Futures is still weak but trying to recover, rebounded from 1810 & is slowly going higher

Analysis & trading signal written before the market opened, but unpublished as S&P Futures broke below 1820  & dropped to 1816 after it opened, not safe to trade even though it went up higher later
S&P 500 stayed above but support @ 1820 not confirmed as it was already broken yesterday

(Time shown in chart is EST+13hours)

Conclusion: no safe trading signals today
No confirmed supports found today but S&P still went up higher anyway
We should be more cautious after S&P 500 dropped the most from 1843 to 1816 yesterday although it rebounded today without any strong supports
The market seems to be stabilizing as it closed at 1838.88, back to 1840
Watch S&P 500 @ 1840 tomorrow

Buy/Sell S&P Futures @ 1830

S&P Futures possible resistance @ 1830 but it still wants to go higher, especially after better than expected economic news

High risk:
Look to buy S&P Futures @ 1830 if it stays above & goes higher
Sell S&P Futures @ 1830 if it stays below & drops further
All for 30 minutes expiration or less

S&P Futures Analysis & Trading Signals to watch

S&P Futures support @ 1823, resistance @ 1830
Look to buy S&P Futures @ 1823 if it stays above & goes higher

Look to sell S&P Futures @ 1830 if it stays below & drops further, especially if economic news is worse than expected
Look to buy S&P Futures @ 1830 if it stays above & goes higher, especially if economic news is better than expected
Most important economic news will be ISM Non-Manufacturing PMI, which might be the turning point

Risk: 1830 might be tested several times during economic news before the market stabilizes

All for 30 minutes expiration

Buy S&P Futures @ 1832, Buy S&P 500 @ 1836

S&P Futures dropped to its lowest point today @ 1820.65 but might be oversold as it rebounded strongly
Possible support @ 1820, 2nd weaker support @ 1823 although already broken, no solid support found
Highest point @ 1832 before market opens, tried to stay above 1830 but failed & dropped further
S&P Futures built small support @ 1828.45 & jumped back up to 1832 after market opened, showing that it wants to go higher today
But it's staying below 1832 & building resistance for now
Buy S&P Futures @ 1832 if it breaks above & goes higher, for less than 30 minutes expiration
Risk: It might fail to stay above

S&P Futures testing 1830 (S&P 500 @ 1836) & 1832
Buy S&P 500 @ 1836 if it stays above & goes higher, for 30 minutes expiration

Stock Market Analysis & Trading Signals to watch

S&P Futures dropped to 1834.65 & rebounded @ 1835, broke above 1840 only for a few minutes but failed to stay above & dropped to rebound strongly @ 1836

Look to buy S&P Futures @ 1835 or 1836 (S&P 500 @ 1839 or 1840) if it stays above & goes higher
Look to sell S&P Futures @ 1840 (S&P 500 @ 1844) if it stays below & drops further, buy S&P Futures @ 1840 (S&P 500 @ 1844) if it stays above & goes higher
Look to sell S&P Futures @ 1845 (S&P 500 @ 1850) stronger resistance if it stays below & drops further

All for 30 minutes expiration or less

S&P Futures targeting 1840 to become turning point for 8:30am EST's Unemployment Claims

Trading signals to watch 2014

S&P 500's highest point reached was 1849.44 with target @ 1850 but it's too high for today as it tried twice & failed to even reach 1850
We previously mentioned on 26 December that next target should be 1850 before end of the year 2013
1850 should continue to be targeted & become important support or resistance in the beginning of  2014, depending on if it breaks above or stays below
Watch S&P 500 @ 1850 key level, look to sell if it stays below, buy if it breaks above

The stock market will be closed tomorrow on New Year 1 January 2014

Stock Market Analysis

S&P Futures broke above resistance & went higher, showing a lot of strength but went up too high too early again
S&P 500 new resistance @ 1844 but it might be able to go even higher if economic news especially Consumer Confidence are better than expected

Look to buy S&P 500 @ 1844 if it breaks above & goes higher, for 30 minutes expiration, sell @ 1844 if it fails & drops further
If it fails, S&P 500 might drop back to test 1840 again
Look to buy S&P 500 around 1839 or 1840 (support not confirmed yet for today) if it rebounds, stays above & goes higher, for 30 minutes expiration, especially if economic news are better than expected & the market goes up after that

Today's the end of the year 2013 & trading will be at a higher risk as stocks might also drop instead of going higher due to profit taking

Stock Market Analysis

The stock market continues to be unstable as stocks drop, trading will be at a higher risk
Watch if S&P 500 can stay above support @ 1840 & break above 1842 to go higher
Economic news @ 10am EST might be the deciding factor
High risk:
Look to buy S&P 500 @ 1840 if it stays above & goes higher, especially if economic news is better than expected & the market goes up after that

Stock Market update

S&P Futures broke above 1836 even before the market opened, which was too soon
Most stocks dropped after the market opened as they're too high
S&P Futures built strong resistance @ 1839 & dropped sharply to 1834, S&P 500 also broke slightly below possible support @ 1840
It will be much more difficult for stocks to go higher today

Trading risk increased, market is bearish for now without any strong supports, avoid trading for now to be safer, unless it rebounds strongly & goes higher