As we await the open, the markets are lower. The DOW must support 12,465.83. The key overhead resistance is 12,750.
The SPX must support 1292.49. Its overhead resistance is 1325.
GOLD is trading below its 10 day moving average of 1656.15. Its key overhead resistance is 1680.05.
The US dollar has still be able to close above its 10 day moving average of 79.84. Its major overhead resistance is 91.51.
IBM will announce its earnings at the close of today. It must support its 10 day moving average of 176.81.
Make sure ALL positions are protected at the close of trade today.
Peace, Josie Kelly
Friday, January 20, 2012
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