Thursday 17th Jan - You never know what coming day

SPI Futures traded in a small 29 point range last night with a high of 5797, low of 5768 and a close this morning of 5790, up 9 points, on even lower volume that usual, of 7,847 contracts. Based on that range, my pivot point for today is 5785, with resistance lines at 5814, 5807, 5803, 5800, 5796 and 5792, with support lines at 5778, 5774, 5771, 5767, 5763 and 5756. All gaps filled in last last nights session. No gaps above from previous days, lot's below. DOW up .59 pct, SNP up .22 pct and Canada (resource driven) up .39 pct. VIX up 2.37 pct to 19.04 - remember that inverse correlation ? On this day in 1995, a 7.2 magnitude earthquake destroys Kobe Japan, ending the lives of 5,372 people, causing a sharp drop in the Nikkei. It also tipped Nick Leeson over the edge as he had a 'short staddle' position that day. The earthquake in effect also contributed to detroying Barings Bank. You never know what's coming. Have a nice day.