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January 9, 2013: Another indecisive session as both buyers and sellers position ahead of Friday’s Non-Farm Payroll report. Volatile prices swings are anticipated following the report release with next week’s trade a better reflection of market participants intentions.

01-10-14 SPX Daily Headline Chart

Enhanced charts and commentary now available at the Daily “Implied Volatility Bands” page.

January 8, 2013: A mixed market reflects market participants’ reluctance to commit ahead of Friday’s Non-Farm Payroll report. Caution warranted until the outcome from the report is realized.

01-09-14 SPX Daily Headline Chart

Enhanced charts and commentary now available at the Daily “Implied Volatility Bands” page.

January 7, 2013: Sellers take profits and Buyers step in to rescue prices at current levels. A short term descending trend is under pressure, but the very slight bullish reversal requires follow thru, otherwise Sellers remain in charge.

01-08-14 SPX Daily Headline Chart

Enhanced charts and commentary now available at the Daily “Implied Volatility Bands” page.

January 6, 2013: Buyers remain disinterested as future known volatility events await (i.e., Friday’s Non-Farm Payroll report). Risk of further lower prices (until an oversold report entices Buyers back) is elevated.

01-07-14 SPX Daily Headline Chart

Enhanced charts and commentary now available at the Daily Volatility Bands page.

January 3, 2013: Broad market is little changed after prior session’s selloff. Sellers remain in control until Buyers step up to reverse a developing corrective phase.

01-06-14 SPX Daily Headline Chart

Enhanced charts and commentary now available at the Daily Volatility Bands page.

January 2, 2013: Buyers remain on holiday as Sellers and profit takers return from the sidelines. Retaining the first level of moving average support is a plus, but if violated, a quick return to the former breakout price zone is expected.

01-03-14 SPX Daily Headline Chart

December 31, 2014: Sellers toss in the towel on the last trading day of 2014 with the onus on Buyers to start 2014 with better breadth and positive volume. A test of buying weakness to start the first session of 2014.

01-02-14 SPX Daily Headline Chart

December 30, 2013: Yearend rally loses steam as market participants continue to be in a holiday mood. A narrow range consolidation would be a plus for another leg higher. However, reversal risk remains elevated as well with a return to test former resistance (prior breakout area) equally likely.

12-31-13 SPX Daily Headline Chart

December 27, 2013: Market participants remain in holiday mode as the yearend rally’s momentum may be waning. Expect random prices moves (up/down) as large funds close the books for the year.

12-30-13 SPX Daily Headline Chart

December 26, 2013: Relentless yearend rally continues as Sellers wait on the sidelines. Bullish seasonality favors Buyers with any overbought throwback test of support (former resistance).

12-27-13 SPX Daily Headline Chart revised