Tuesday 5th Feb - Naughty Banks

SPI Futures traded in a 45 point range last night, with a high of 5877, low of 5832 and a close this morning one point off the top, at 5876 up 38 points on lowish but better than lately volume of 10,026 contracts. Based on that range, my pivot point and R and S levels for today are below. The elusive gap at 64 was well and truely poofed last night, leaving zero gaps above, and gaps below from last night at 71, 64, 60, 53 and 36 and the first outstanding gap from a previous day starts down at 5779. It was a green arrow all the way last night, good for 45 points. Well, it's Naughty Bank day, I'm sure the market was mulling over the Hayne Report last night. Was the news factored in already, or some kind of shock looming, and will anything actually be done about the naughty banks anyway ?. Humm, probably not, just told to go stand in the corner . DOW up .70 pct, SNP up .68 pct and Canada (resource driven) up .61 pct. VIX down 2.97 pct to 15.66. The world is healed - for now. European Banks taking a beating, and Google reports better than expected earnings. Have a nice day.

	Column 1	Column 2
1	H	5877
2	L	5832
3	C	5876
4	R	45
5	R6	5907
6	R5	5895
7	R4	5889
8	R3	5884
9	R2	5879
10	R1	5873
11	PP	5862
12	S1	5850
13	S2	5844
14	S3	5839
15	S4	5834
16	S5	5828
17	S6	5817