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 Dow Jones
^DJI
^GSPC
^IXIC
^RUT
^GSPTSE
^SPCDNX
GLD
SLV
^VIX
DOW
18,325.48
182.03
(+1.00%)
S&P 500
2151.13
-20.24
(-0.93%)
NASDAQ
5269.15
-49.39
(-0.93%)
RUSSELL 2000
1237.750977
-17.91
(-1.426717%)
TSX
14754.55
23.12
(+0.16%)
TSX VENTURE
799.09
-2.38
(-0.30%)
GOLD
126.07
-0.15
(-0.12%)
SILVER
18.11
-0.10
(-0.55%)
VIX
14.33
1.94
(+15.66%)

Stock Market Commentary

Market Commentary for January 17th - January 21st, 2016

Market Commentary for January 17th - January 21st, 2016
Published on Jan. 16, 2016, 10:27 p.m. by Stockalyzer
Markets are oversold, but not as much as back in October 2008 or August 2011. So the question is: will it bounce from here to form a lower high somewhere around 1,900 level or will it continue lower? Levels to watch on cash SP500 are 1,820 and 1,737 if it breaks lower. If it goes higher - resistance is at 1,993 (see the upper chart). But first it has to break out of the descending channel and form a higher high on the hourly chart. Watch closely 1,934 level for a breakout but this only if it breaks the mid channel where it's sitting after Friday's close.

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