- 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.
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.
- 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
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.
- 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.
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.
- 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
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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?
We hope you enjoyed the roller-coaster ride the market provided during the last two weeks. We not only had the Brexit vote, but the end of the month adjustments and the left-over natural adjustment that occurs right after a quarterly expiration of futures. Wahoo an option sellers delight, the VIX pulled out of the doldrums into a brief state of excitement!
- 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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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?
We hope you enjoyed the roller-coaster ride the market provided during the last two weeks. We not only had the Brexit vote, but the end of the month adjustments and the left-over natural adjustment that occurs right after a quarterly expiration of futures. Wahoo an option sellers delight, the VIX pulled out of the doldrums into a brief state of excitement!
- 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.
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.
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!
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.
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?
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
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
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.
- 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.
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.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
1. Option Queen Letter
By the Option Royals
Jeanette Young, CFP®, CFTe, CMT, M.S.
4305 Pointe Gate Drive
Livingston, New Jersey 07039
www.OptnQueen.com
optnqueen@aol.com
July 10, 2016
The votes are in and it is unanimous the insane asylums have released their inhabitants
and they are on the loose. Shootings, riots, and craziness abounds. Brexit, Dallas,
Louisiana and even Minnesota…..and yet, the stock market rallied on the robust “Jobs
Report.” We believe that as the May “Jobs Report” was sked so was June report,
remember the Verizon’s strike?
What we are faced with is a world where interest rates are plunging and investors are
seeking yields where ever they can find them. Corporations are taking advantage of
low rates and issuing gobs of debt. All this leads to a strong market environment
until…..it fails. We are not saying that it will fail tomorrow but the retreat is on its
way.
The US markets will continue to outperform most of the global markets. It isn’t that it is the
poster child for an expanding economy but rather is the default trade. With investors desperate
for income, the trade is the US equity market’s long-term dividend paying stocks. Yes, there is
risk on that trade but the only other choices are; US government bonds with puny yields,
corporate bonds with better yields and more risk, preferred securities with limited growth
potential, cash with no growth potential and safe foreign bonds with negative yields. Where
would you go? As a side note, gold has been supported by the concern with currencies. This is
easily demonstrated by the reaction of the pound to the Brexit vote. Where would you go if you
were really scared? To the US where a crazy Election season is upon us, the Euro zone with its
problems, the emerging markets, etc.?
Given all these factors it might have been expected to see a market that backs and fills here in the
US. That was not the case as the markets revived up its engine and returned to levels seen prior
to the Brexit vote, after all, that action does not affect the US…..or does it? To answer that,
remember that a strong US Dollar is bad for exports, good for deflation and bad for tourism into
the USA. Outside of that, services and products that do not have import competition will remain
strong here in the USA. Further, generic drugs, which account for 88% of the prescriptions filled
here in the USA, should also remain strong. Yes, we need our infrastructure tended to and those
companies should also thrive. Your doctor, accountant and attorney are not going out of
business anytime soon so health care groups are a reasonable investment choice as are insurance
companies.
2. This week is the beginning for quarterly earnings starting with Alcoa! Should be
interesting. Meanwhile the jobs report, on the surface looked good until you looked
beneath the surface. The economy here in the USA is just chugging along not
particularly robust but enough to keep the average worker alive.
The S&P 500 rallied 28.75 handles (points) in the Friday session removing all of the losses seen
as a result of the Brexit vote results. The index now stand in a clear position to remove the
highs, 2134, seen on May of 2015. All the indicators that we follow herein continue to point
higher and still have room to the upside. The only thing missing here is the volume which, was
just average. As a side note, the volume seen in May of 2015 was less than normal also. This
tells us that the shorts, if there are any, have not thrown in the towel as yet and we could see
some volume spikes as we challenge the old high and likely as we remove that high. The very
steep upward trending channel lines are 2083.75 and 2144.91. The indicators on the weekly
chart continue to point higher at overbought levels. The Bollinger Bands, on the weekly chart,
are contracting. The monthly chart clearly shows that we are range-bound with an upside
breakout possible to 2169.75. The most frequently traded price was 2092.
3.
4.
5. The NASDAQ 100 gained 64.75 handles (points) in the Friday session removing all the losses
seen after the Brexit results were released. All the indicators that we follow herein continue to
point to the upside and are getting close to overbought conditions. The upward trending channel
lines are 4406.25 and 4538.75. The most frequently traded price was 4449.50. Most of the day’s
volume was seen at the release of the monthly “Jobs Data” then another surge near the close of
the day’s trading. The recent high was seen in October of 2015, that high was 4548. The all-
time high for this index was in January of 2000 when the NASDAQ 100 printer 4884. As you
can see, we are not as close to an all-time high as is the S&P 500. The weekly chart shows that
we have closed above the long-term downtrend line but remain below the medium-term
downtrend line at 4517.00. All the indicators on the weekly chart continue to point higher. The
Bollinger Bands for the weekly chart are contracting.
6.
7.
8.
9. The Russell 2000, the poster child for the risk-off trade, rallied 25.50 handles (points) in the
Friday session. The next area of resistance is 1178.30 and then 1190.30, which would be the
high seen on June 8, 2016. The life of contract high is 1292.30 seen on the week of June 22,
2015. All the indicators on both the Russell 2000 daily and weekly charts are pointing higher.
The most frequently traded price was 1173, with 14.7% of the day’s volume and 1171.50 with
only 5.8% of the day’s volume. The 5 by 3-box point and figure chart does not look that great
and is below the downtrend line. Should the market continue its run to the upside, this index will
exaggerate the upside move but only when there is no fear in the market. Just remember as
quickly as this index goes up, it can retreat with the same speed and is the riskiest of the indices
that we follow herein.
10.
11.
12. The US Dollar Index lost 0.038 handles (points) in the Friday session leaving a spinning top
formation on the chart. This candlestick is generally seen as a warning. Notice that the market
actually rallied above the previous entire week then retreated taking out the low of the previous
two trading days a closed the session almost where it had begun. Yes, much could be attributed
to the “Job’s Data.” The first action was to the upside when the “Jobs Data” was released then a
move to the downside. Basically the tail and wick were printed before the NY session opened
and were the result of the “Jobs Data.” Still we have a very indecisive session with neither bull
nor bear winning the competition. The indicators that we follow herein are giving us mixed
signals which alerts us to be careful. The upside resistance is 96.87 and the short-term support is
at 95.375. All time-frames show that we are stuck in a trading range. The most frequently
traded price was 96.20 which was also where 10.1% of the day’s volume was traded. The point
and figure chart is not bullish.
13.
14.
15.
16. Crude oil lost 0.02 handles (points) on the Friday session leaving a doji candlestick on the chart.
As you know, doji candlesticks represent a possible transition. It clearly shows that neither bull
nor bear won this battle and it stands as a warning that this market could change directions. All
the indicators that we follow herein are pointing lower and are approaching oversold levels. The
downward sloping channel lines are 49.317 and 44.182. The short-term down trend line is 47.62,
which is a level of resistance that the bulls must remove if, crude is to regain the upside. The
high volume low for the day was seen at 10:20 after which the market scratched its way to the
upside peaking on high volume at 2:25 when it also took a dive to the downside. The most
frequently traded price was 45.25. When looking at the weekly chart, the retreat isn’t really that
awful although both the stochastic indicator and the RSI are pointing lower. We believe that
crude oil has support at 43.24 and at 41.41.
17.
18.
19. Gold rallied 5.3 handles (points) in the Friday session. Both the stochastic indicator and the RSI
are overbought and pointing higher. Our own indicator is issuing a sell-signal. The long tailed
candlestick left of the chart on Friday is bullish. The real body of the candlestick is larger than
that seen on the previous day and although a new high was not seen, gold did close higher on the
day. The weekly chart looks very positive and is setting up for a run to 1392.60. Both the
stochastic indicator and the RSI are pointing higher but are at overbought levels. The most
frequently traded price was 1357.50. Gold is our choice going into the chaos that the upcoming
Presidential Election will bring with it. It will act as the safe currency for the globe. Will it last,
probably not but should be a trade in there somewhere.
20.
21.
22. 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.
Past performance is not necessarily indicative of future results.
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