Pivot Point for 1-4-10

1140.41  R2
1134.58  R1
1123.91  Pivot Point
1118.08  S1
1107.41  S2

Fed and Fed Agency Announcements

Motor Vehicle Sales

ICSC-Goldman Store Sales
7:45 AM ET

Redbook
8:55 AM ET

Factory Orders
10:00 AM ET

Pending Home Sales Index
10:00 AM ET

4-Week Bill Auction
11:30 AM ET

The Market started off the new  year in euphoric fashion.  It was a nice day to trade.  I started calculating the Pivots by hand again because I noticed some differences in S and R points and realized I wasn’t calculated them for 5PM.  Some of the automatic pivot point calculators online go from midnight to midnight.  I can’t stand the pivots from midnight to midnight, so I am back to doing it the proper way.