This past week the US markets rallied in the Monday session, retreated in the Tuesday and Wednesday sessions, rallied in Thursday session and then on Friday the "Jobs Report" was release in the morning and the market gave back all the weeks gains on Good Friday. What is going to happen on Monday? How will this effect the US Dollar, crude oil and gold?
The document provides an overview and analysis of various financial markets including stocks, commodities, currencies, and precious metals from March 15, 2015. It notes recent declines in stocks while small-cap stocks and the Russell 2000 have remained stronger. Commodities like oil declined further while gold and currencies like the US dollar increased. Overall the markets seem overextended on the upside or downside depending on the asset, and volatility is expected around upcoming futures and options expirations.
The document provides an analysis and outlook for various financial markets including stocks, crude oil, gold, and the US Dollar index based on technical indicators. It notes bullish patterns forming in the S&P 500 and NASDAQ indexes and predicts potential short-term rallies. It also comments on recent moves higher in crude oil prices which it attributes partly to US dollar weakness. The analysis finds gold and the US dollar in sideways trading ranges for the near future. It closes with standard risk disclosure language.
Mr Market wants to go higher but it needs to settle back and absorb some of its recent gains. Crude oil and gold look awful, while the US Dollar Index is on its way to a "moon shot."
The document provides an overview and analysis of various financial markets including stocks, commodities, currencies, and precious metals from March 15, 2015. It notes recent declines in stocks while small-cap stocks and the Russell 2000 have remained stronger. Commodities like oil declined further while gold and currencies like the US dollar increased. Overall the markets seem overextended on the upside or downside depending on the asset, and volatility is expected around upcoming futures and options expirations.
The document provides an analysis and outlook for various financial markets including stocks, crude oil, gold, and the US Dollar index based on technical indicators. It notes bullish patterns forming in the S&P 500 and NASDAQ indexes and predicts potential short-term rallies. It also comments on recent moves higher in crude oil prices which it attributes partly to US dollar weakness. The analysis finds gold and the US dollar in sideways trading ranges for the near future. It closes with standard risk disclosure language.
Mr Market wants to go higher but it needs to settle back and absorb some of its recent gains. Crude oil and gold look awful, while the US Dollar Index is on its way to a "moon shot."
“Sell in May and go away!” Well maybe, our suggestion is to use trailing stops or hard stops on your positions. We suggest that approach because the truth is that we do not know when the correction or plunge will occur, we only know that it will occur. Remember bull markets can last longer that you might ever have believed. The US market is a bit long in the tooth as a bull market and lasting advances might be harder to achieve thus we advise caution. We are not telling you to sell just to make sure that any long positions have stops in place. The rally that began in March of 2009 has proceeded higher with nothing more than a couple of hiccups along the way. The rally has been strong and predictable. The longer a trend lasts the stronger the reversal will be so with that in mind, don’t try to predict the end of the bull just keep your protection in place.
Are we all ready for the "Year of the Monkey?" It has been interesting! We see some trading opportunities but remember to just visit the trade and not marry it!
Americans feel financially strained due to stagnant wages and rising costs of living over the past 40 years. While automation has eliminated some jobs, a larger issue is a skills gap as the culture pushes more people into white-collar jobs instead of trades with strong demand. Technology will likely continue disrupting jobs but widespread social problems from unemployment are decades away.
This shortened week has been very exciting for the bulls with three of the four days bragging of robust rallies. Even the retreat in the shortened Christmas Eve session was positive for the market insomuch as not much ground was lost.
- The document is a weekly market summary and outlook letter from an options trading advisory service.
- It provides analysis of recent price action and technical indicators for S&P 500, Nasdaq 100, Russell 2000, US Dollar, crude oil, and gold markets.
- The letter expects markets to see increased volatility over the coming week due to the Brexit vote on Thursday, with reactions on both Thursday and Friday depending on the outcome.
The document provides commentary on various financial markets and economic indicators. It discusses:
1. Employer tactics like making all employees part-time or using automation to avoid paying $15 minimum wage and benefits.
2. The impact of a strong US dollar on multinational company earnings and exports. The dollar is at a support level and could impact future earnings if it gains strength.
3. Commentary on movements in the S&P 500, NASDAQ 100, Russell 2000, US Dollar Index, crude oil, and gold. Technical indicators are discussed for each market.
Surprise! Freight rail traffic is down 16.1% for the month of April. In case you believe that this
is a fluke number, it is not. The freight rail traffic has been down every month since November.
Okay so not everything was down, vehicle part were up as well as coke and chemicals.
Petroleum products were down 25.1% and even grain mill products, grains, and pulp and paper
were down. Coal, is a disaster, down big every month.
he world is changing and we have to learn to adjust to new technologies. The markets have been viewed as volatile.....where were you during the highly volatile tech rally at the turn of the century. Let us remind you that during those years,trading haults were triggered frequently. Today, we have nothing like that to deal with. Hummm guess volatile is a relative term.
- The S&P 500 hit a resistance level twice last week according to a horizontal line drawn based on past behavior, but volume is declining in the recent four-day rally, which is typical of the wishy-washy market.
- Earnings season has had some positive and negative surprises, and mergers are beginning to appear as companies take advantage of cheap borrowing costs.
- Most indexes gained on Friday but volume was low on some new highs, a sign the market may need rest before further gains, though indicators still point higher overall. Gold and oil retreated as the dollar rallied.
- Social Security payments will increase by $2 per $1,000 next year, but Medicare part B costs will increase by $27.20, leaving seniors with less money. The cost of living increase does not cover the rise in Medicare costs.
- A French colleague expressed concerns about "scary" conditions in France like a large influx of immigrants and poor economic prospects, reflecting growing populism in Europe over issues like immigration and jobs. These populist sentiments have also fueled movements like Brexit and Donald Trump's campaign.
- In the Friday session following the Brexit vote, the S&P 500 fell 1.9% and closed below a support level, while the Nasdaq fell 2% and came close
If the market opens up soft, watch out for margin calls in the futures and margin clerks selling out positions. Equities, you have a three-day settlement so, you calls may go out in the morning but you will have time to pray for a rally.
Get your popcorn here for the big debate on television tomorrow. The market is not doing much, maybe the debating wizards will give it a reason to move, one way or the other.
Although the Chinese markets, Saudi turmoil and North Korean nuclear test have been given credit for last week's market retreat, there are other factors that are being ignored. We have been warning that a strong US Dollar will have a deflationary effect on the US economy and somewhat negative effects on the middle income earners, companies that depend on exports and corporations that need to borrow money.
This document provides commentary and analysis on various financial markets and indexes from July 31, 2016. It includes quotes from The Wonderful Wizard of Oz relevant to the upcoming US presidential election. Market summaries are given for the S&P 500, NASDAQ 100, Russell 2000, US Dollar Index, crude oil, gold, and currencies like the British Pound in the context of Brexit. Charts and technical indicators are referenced to describe recent trends and levels of support and resistance. Potential risks for traders are also noted.
Lots of under-currents this week. Is the economy expanding or is that expansion very moderate. How will the savings on cheaper gasoline help Christmas shopping and is OPEC behind the rout in crude oil? So many questions.
This is a short week for the US markets. Thursday is Thanksgiving and Friday, well you are supposed to shop until you drop so the US markets close early to help you achieve that goal. Gold anybody? Russia has been acquiring lots of gold. Are they really that smart or is this in their grand plan? Swiss are voting on repatriating their gold and pegging it to their currency.
“Sell in May and go away!” Well maybe, our suggestion is to use trailing stops or hard stops on your positions. We suggest that approach because the truth is that we do not know when the correction or plunge will occur, we only know that it will occur. Remember bull markets can last longer that you might ever have believed. The US market is a bit long in the tooth as a bull market and lasting advances might be harder to achieve thus we advise caution. We are not telling you to sell just to make sure that any long positions have stops in place. The rally that began in March of 2009 has proceeded higher with nothing more than a couple of hiccups along the way. The rally has been strong and predictable. The longer a trend lasts the stronger the reversal will be so with that in mind, don’t try to predict the end of the bull just keep your protection in place.
Are we all ready for the "Year of the Monkey?" It has been interesting! We see some trading opportunities but remember to just visit the trade and not marry it!
Americans feel financially strained due to stagnant wages and rising costs of living over the past 40 years. While automation has eliminated some jobs, a larger issue is a skills gap as the culture pushes more people into white-collar jobs instead of trades with strong demand. Technology will likely continue disrupting jobs but widespread social problems from unemployment are decades away.
This shortened week has been very exciting for the bulls with three of the four days bragging of robust rallies. Even the retreat in the shortened Christmas Eve session was positive for the market insomuch as not much ground was lost.
- The document is a weekly market summary and outlook letter from an options trading advisory service.
- It provides analysis of recent price action and technical indicators for S&P 500, Nasdaq 100, Russell 2000, US Dollar, crude oil, and gold markets.
- The letter expects markets to see increased volatility over the coming week due to the Brexit vote on Thursday, with reactions on both Thursday and Friday depending on the outcome.
The document provides commentary on various financial markets and economic indicators. It discusses:
1. Employer tactics like making all employees part-time or using automation to avoid paying $15 minimum wage and benefits.
2. The impact of a strong US dollar on multinational company earnings and exports. The dollar is at a support level and could impact future earnings if it gains strength.
3. Commentary on movements in the S&P 500, NASDAQ 100, Russell 2000, US Dollar Index, crude oil, and gold. Technical indicators are discussed for each market.
Surprise! Freight rail traffic is down 16.1% for the month of April. In case you believe that this
is a fluke number, it is not. The freight rail traffic has been down every month since November.
Okay so not everything was down, vehicle part were up as well as coke and chemicals.
Petroleum products were down 25.1% and even grain mill products, grains, and pulp and paper
were down. Coal, is a disaster, down big every month.
he world is changing and we have to learn to adjust to new technologies. The markets have been viewed as volatile.....where were you during the highly volatile tech rally at the turn of the century. Let us remind you that during those years,trading haults were triggered frequently. Today, we have nothing like that to deal with. Hummm guess volatile is a relative term.
- The S&P 500 hit a resistance level twice last week according to a horizontal line drawn based on past behavior, but volume is declining in the recent four-day rally, which is typical of the wishy-washy market.
- Earnings season has had some positive and negative surprises, and mergers are beginning to appear as companies take advantage of cheap borrowing costs.
- Most indexes gained on Friday but volume was low on some new highs, a sign the market may need rest before further gains, though indicators still point higher overall. Gold and oil retreated as the dollar rallied.
- Social Security payments will increase by $2 per $1,000 next year, but Medicare part B costs will increase by $27.20, leaving seniors with less money. The cost of living increase does not cover the rise in Medicare costs.
- A French colleague expressed concerns about "scary" conditions in France like a large influx of immigrants and poor economic prospects, reflecting growing populism in Europe over issues like immigration and jobs. These populist sentiments have also fueled movements like Brexit and Donald Trump's campaign.
- In the Friday session following the Brexit vote, the S&P 500 fell 1.9% and closed below a support level, while the Nasdaq fell 2% and came close
If the market opens up soft, watch out for margin calls in the futures and margin clerks selling out positions. Equities, you have a three-day settlement so, you calls may go out in the morning but you will have time to pray for a rally.
Get your popcorn here for the big debate on television tomorrow. The market is not doing much, maybe the debating wizards will give it a reason to move, one way or the other.
Although the Chinese markets, Saudi turmoil and North Korean nuclear test have been given credit for last week's market retreat, there are other factors that are being ignored. We have been warning that a strong US Dollar will have a deflationary effect on the US economy and somewhat negative effects on the middle income earners, companies that depend on exports and corporations that need to borrow money.
This document provides commentary and analysis on various financial markets and indexes from July 31, 2016. It includes quotes from The Wonderful Wizard of Oz relevant to the upcoming US presidential election. Market summaries are given for the S&P 500, NASDAQ 100, Russell 2000, US Dollar Index, crude oil, gold, and currencies like the British Pound in the context of Brexit. Charts and technical indicators are referenced to describe recent trends and levels of support and resistance. Potential risks for traders are also noted.
Lots of under-currents this week. Is the economy expanding or is that expansion very moderate. How will the savings on cheaper gasoline help Christmas shopping and is OPEC behind the rout in crude oil? So many questions.
This is a short week for the US markets. Thursday is Thanksgiving and Friday, well you are supposed to shop until you drop so the US markets close early to help you achieve that goal. Gold anybody? Russia has been acquiring lots of gold. Are they really that smart or is this in their grand plan? Swiss are voting on repatriating their gold and pegging it to their currency.
We are entering a very strange economic condition where most of the central banks in the globe,
except the US of course, are making extreme efforts to deflate their currencies and increase
liquidity in their markets by printing money
- The document discusses the impact of lower oil prices on consumer spending and the US economy, noting that lower gas prices act as a tax break that will likely boost consumer spending, especially during the holiday season.
- It also discusses recent gains in the S&P 500 and NASDAQ indexes, noting that indicators are overbought but the upward trend may continue. Volume has been average.
- Gold prices are discussed as well, noting the chart looks "truly awful" and further declines are possible based on technical indicators.
We are getting fairly close to a short-term top. There are too many analysts looking for a correction. Stay long keep your stops tight and if elected keep the proceeds in cash.
With the market gyrating like they were dangling from a bungee rope, now might be a good time to get serious about reviewing your charts. Today's letter is loaded with charts along with opinions.
The market continues is trek higher even with, a not so stellar, “jobs report.” There is too much sideline money waiting for a pull backs to jump on board, therefore any retreat will likely be
shallow. One of these days, the bounce will die like a beach ball that has been deflated. Until that time, up up and away we go. The S&P 500 looks as though it is forming a rounding top which could either launch a retreat or become a spring board for the next assault to the upper stratosphere. So far, we have been correct in keeping our stops tight and behaving defensively. The world is chaotic with hot spots all over. There will come a time when one of these hot spots will become an erupting volcano. The good news is that here in the USA we are not involved on our own soil.
The document provides an overview and analysis of recent market movements in response to the Swiss National Bank allowing the Swiss franc to float freely. It discusses the rally in the franc and fallout for some firms. It also analyzes price movements and indicators for the S&P 500, NASDAQ 100, Russell 2000, crude oil, gold, and US Dollar Index from the prior week. Recommendations are given to remain alert and watch for effects of Swiss franc funds moving into US and European markets.
- The ECB has begun quantitative easing which will depress the euro relative to the US dollar. This will make US exports more expensive abroad while increasing imports to the US. It could lead to layoffs in US industries like oil as demand declines for domestic goods.
- The authors believe the FOMC will not raise rates this year due to a weak economy and job growth. Higher rates could appreciate the dollar further and negatively impact US exports and multinational corporate earnings.
- Most stock indices declined slightly on Friday but indicators are pointing lower. Crude oil continued declining on oversupply concerns while the strong dollar pushed gold lower intraday. The US dollar index reached new highs not seen since 2003.
Looks like Santa has left crude oil a lump of coal. The markets are deep into tax selling season here in the USA. The S&P 500 with 9% oil declined in Friday session.
The sentiment levels show that there are lots of bulls waiting for a correction and lots of bulls
still out there. Meanwhile the bears have dwindled to a few scared animals. This week we have
the Scottish vote for independence on Thursday. While it really doesn’t impact the US markets
it will have a huge effect on the UK banks and debt market. After all if Scotland can declare
independence why not other locals such as areas of Spain and Italy….Catalonia anybody?
Gold is the rally for real? Crude oil how low can it go? The S&P 500 looks like a roller coaster ride. What to do next? Get one professional's opinion!
Option Queen Newsletter July 20, 2014 with chartsScutify
- Old vintage clothing and selling homes as a "for sale by owner" are ways for people to make extra cash when money gets tight. Listing a home as FSBO can save the 6% realtor commission, and MLS services allow FSBO listings for about $295. Basic photography for online listings costs $100-350.
- The stock markets were up last week despite global chaos, as the conflicts have not impacted the US economy. Interest rates remain low, benefiting the stock market, though rates will likely rise eventually.
- Most market indexes rallied or traded range-bound last week. Indicators show mixed signals across indexes, with some pointing higher and others lower or neutral. The document analy
Lots of strange things happening this past week. Did the market turn the corner or was this just a one-day-wonder bounce. The US Dollar and crude oil have disconnect, well for now. Read more to solve these mysteries.
The document discusses recent changes by the SEC that will allow money market funds to let their share prices float below $1 and to block withdrawals during times of crisis. It also summarizes market performance for stocks, gold, oil and the US dollar for the week. The S&P 500, Nasdaq and Russell 2000 fell while gold rose. Crude oil closed near recent levels and the US dollar index strengthened significantly.
The document provides a weekly market summary and outlook for various indexes and commodities. It notes that the S&P 500 and NASDAQ 100 ended the week lower after reaching new highs earlier. The Russell 2000 and crude oil performed poorly, with indicators pointing lower. Gold also looks weak with support at $1182. The US dollar index remains strong with indicators pointing higher still. In closing, the author advises caution given mixed signals in markets and recommends tight stops if positions are held.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
1. Jeanette Schwarz Young, CFP®
, CMT, M.S.
Jordan Young, CMT
83 Highwood Terrace
Weehawken, New Jersey 07086
www.OptnQueen.com
April 5, 2015
The Option Queen Letter
By the Option Royal
We are back into earnings season again, bet-ya couldn’t wait!!!! Alcoa on Wednesday
yahoooeee! Can’t wait to see to forward guidance the multi-nationals will release given the
strong US Dollar. Oh, and if you get too bored with the markets, we have lots of Fed-speak this
week probably trying to talk down the strength in the US Dollar with more dovish talk. Then
there is crude oil for more excitement. We can add to that negative interest rates abroad and the
USA looks like a sure-fired winner and is enjoying the flow of investment money into the
markets. Think about it, would you rather be charged to parking money at a bank or make a
pittance in interest by parking money at a bank. Given the choice we would opt for being paid.
That said, the currency risk would require hedging.
Bottom line: if you are going to invest, the US market looks to be the destination of choice.
Remember that this market is a mature market and that it is likely that the returns will offer less
but with less risk. The US market is an aging bull market, ripe for a retreat or at the very least a
deeper correction.
The past week’s softer employment report gives the FOMC a break from having to defend their
zero interest rate policy and clearly puts any interest rate hike on the back burner. What is all
this going to do to the real-estate market? Some of the current impetus to close a real-estate deal
was encouraged by the threatened interest rate hike in the near future, say June or September.
Now that an increase in interest rates is further off in the calendar, there is less urgency in
purchasing a property quickly to lock in lower mortgage rates. Thus, the deals probably will
slow down even as the spring buying season blooms. Remember also in real-estate that the
school calendar inspires buyers. The goal for young families with children is to settle down
before the new school year begins in September. Basically buying should peak by June or July
and then perhaps begin to decline. Multi-family units are always in demand but unfortunately
prices are escalating.
Although the US markets were closed for the Good Friday Holiday, the monthly “Jobs Report”
was released. The reaction to the lower than expected number, released at 8:30, caused the
electronically traded markets to plummet to 2038 from the previous close of 2059.50 by
9:14a.m.EST. The weekend allowed the traders time to review the instant statistics seen in the
“Job’s Report” and granted a couple of days for the market to mellow out its response to that
information. At 8:30a.m.EST the market traded up to 2059.75. It took the market 44 minutes to
plunge 21.75 S&P 500 futures handles (points). It is important to note that the S&P 500 did not
test the 2033.25 triple bottom (one of our two chart providers shows a triple horizontal support
line at that level, while the other shows a double horizontal support line). Should the market
2. break that level, we would expect to see a much deeper reaction to that support line violation.
All of the indicators that we follow herein remain flat and are not really issuing anything of
value. The 5-period exponential moving average is 2053.69. The top of the Bollinger Band is
2105.10 and the lower edge is seen at 2029.12. The downtrend line is 2066.12. The 60 minute
0.1% by 3-box chart is showing us that we are below the downtrend line and have an internal
uptrend line. The daily 1% by 3-box chart remains positive with an upside target of 2371.33.
We continue to believe that money will continue to flow into the market on pull-backs. This
money is not the smart money but rather the money late to the game. Caution is warranted,
continue to use trailing stops.
3.
4.
5. The NASDAQ 100 declined for a fourth day in the Good Friday electronic session. The 5-period
exponential moving average is 4305.24. The top of the Bollinger Band is 4467.55 and the lower
6. edge is seen at 4288.18. The horizontal support line is 4259. The downtrend line is 4338.15.
All of the indicators that we follow are either negative or flat. The 60 minute 0.1% by 3-box
point and figure chart seems to be consolidating. There is a downtrend line on this chart as well
as an internal uptrend line. We continue to have a downside target of 4254.89. The action in the
Friday session has skewed the chart and makes it difficult to render a clear view of this action.
The daily 1% by 3-box point and figure chart has a downside target of 3978.36.
7.
8.
9. The Russell 2000 reacted to the “Jobs Report” in the same manner as the other indices reacted.
This index has been a good performer doing better than it other indices that we report on. The
10. downtrend line is 1256.96 and the uptrend line is 1230.14. We have a horizontal support line at
1220.10 and another support line at 1204.10. The 5-period exponential moving average is
1244.09. The top of the Bollinger Band is 1269.67 and the lower edge is seen at 1212.62. The
stochastic indicator and the RSI are both pointing lower with plenty of room to the downside.
Our own indicator is issuing a mild buy-signal but has been unreliable in the past few sessions as
this index see-saw back and forth. Trade with caution, but remember this is the poster-index for
the risk on crowd, besides; these companies that make up this index are less apt to be exporter
and thus are not impacted by the strong US Dollar.
11.
12. Crude oil lost 54 cents in the last trading session. The chart looks neither positive nor does it
look especially negative, it does look range bound for the moment. That said, until or unless
crude oil breaks below 43.43 or above 54.47 nothing exciting is going to happen. As to the
indicators, our own indicator has issued a buy-signal, the stochastic indicator is flattish on the
13. positive side and the RSI is about the same, flattish. The 5-period exponential moving average is
48.95. The top of the Bollinger Band is 52.09 and the lower edge is seen at 42.75. If you would
like a tighter range we offer you 47.05 to 52.48, a violation of either of these numbers will likely
quickly move the trade to the upper resistance area or the lower support area. It is interesting to
note that the volume has been picking up. The most frequently traded price in the last session
was 49.52. The 60 minute 0.25% by e-box point and figure chart is neither especially positive
nor is it negative. It does look as though there is some downside pressure. The daily 1% by 3-
box point and figure chart has a downside target of 38.93. It does look as though this market is
trying to find a bottom and consolidate but the downside target of 38.93 brings that thought into
question.
14.
15.
16.
17. Gold retreated in the Thursday session losing 6.70 dollars on the day. This market seems to be
range bound with the upside resistance at 1223 and the downside support at 1141.40. The 5-
period exponential moving average is 1196.26. The top of the Bollinger Band is 1213.51 and the
lower edge is seen at 1139.70. It is important for this market to stay above 1178.20. Should the
market close below that level, we will open the door to 1146.50 and then 1141.40. The most
frequently traded price in the Thursday session was 1203.20 which accounted for 13.4% of the
day’s volume. The 60 minute 0.2% by 3-box point and figure chart looks as though it is trying to
consolidate but does have a serious downtrend line on the chart. The daily 1% by 3-box point
and figure chart has both downtrend and uptrend lines in place. This one is going to have to play
out. We would like to believe that this chart is consolidating but should it break below 1135.6
we will have major retreat. Both crude oil and gold should rally as the US Dollar retreats.
18.
19.
20.
21. The US Dollar index retreated in the Good Friday Holiday session. The weaker than expected
“Jobs Report” caused weakness in this product as the traders understood this signal that the
FOMC would not raise interest rates for longer than they had expected. As we have mentioned
many times in the past, there were just too many US Dollar bulls and too many Euro bears.
When markets become distorted in this manner, something always happens to upset the trade and
we see a reaction. In the case of the US Dollar index, it was an accident waiting to happen. The
5-period exponential moving average is 97.868. The top of the Bollinger Band is 100.105 and
the lower edge is seen at 96.570. It is important for the US Dollar to stay above 96.315. Should
this index close below that level, expect to see a retreat to the 95 area. All the indicators that we
follow herein are pointing lower with plenty of room to the downside. The daily 0.25 by 3-box
point and figure chart looks like a flag is forming. The chart shows two downtrend lines. The 60
minute 0.25% by 3-box point and figure chart has an upside target of 101.42.
22.
23.
24. Risk
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions
involves substantial risk of loss and is not suitable for all investors. You should carefully
consider whether trading is suitable for you in light of your circumstances, knowledge, and
financial resources. You may lose all or more of your initial investment