Market update Dec 24th,09

Finally we got above 1125 resistance, it's very positive to see S&P500 could come such a long way. Don't pay attention to the next couple days actions. Big institutions won't be active until January.

Real GDP

Real GDP dropped from 2.8% to 2.2%

Levels to watch in last days of 2009

I expect violent moves to the upside if S&P500 breakers 1120-1125 and stay above 1125 by mid-january. On the other hand if S&P violates 1085-1086 support, we should see a very violent move to downside. Let see what is going to play out.

LIBOR OIS 3M (USD SWAP)

LIBOR OIS 3M (USD SWAP) Chart:
Value: 0.15

S&P500 short term supports and resistances (12/07/09)

S&P500 in short term: extremely bought.
S&P500 in intermediate term: extremely overbought.
S&P500 in long term: neutral to partial overbought.

Short Term Supports:
S1:1097
S2:1086
S3:1078
S4:1066

Short Term Resistances:
R1:1114-1116
R2:1125
R3:1152
R4:1166

Weekly Jobles (11/3/09)

Initial jobless claims fell 5,000 to 457,000.Please note despite the Wall Street argument decline in jobless claims is due to shrinkage of job pole; not improving the employment.