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.
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 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 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.
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
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 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 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 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 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.
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
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.
“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 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.
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 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.
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.
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?
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!
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.
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."
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.
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.
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.
“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 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.
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 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.
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.
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?
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!
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.
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."
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.
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.
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.
Silver broke long-term support at $18.50 per ounce, offering a target of $15.50/ounce*. First, expect retracement to respect the new resistance level. Gold is likely to follow Silver to a new four-year low.
- 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.
El documento presenta información sobre 20 especies de árboles y palmas nativas de la región de los Llanos Orientales en Colombia. Para cada especie se incluye el nombre científico, familia, otros nombres comunes, descripción e indicaciones sobre su uso y aptitud como árbol ornamental. La mayoría de las especies descritas alcanzan alturas superiores a los 10 metros, por lo que no son adecuadas para espacios urbanos reducidos.
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 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.
- 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.
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.
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.
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!
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.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
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Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
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In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
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The Option Queen Letter for July 27 2014
1. Jeanette Schwarz Young, CFP®
, CMT, M.S.
Jordan Young, CMT
83 Highwood Terrace
Weehawken, New Jersey 07086
www.OptnQueen.com
July 27, 2014
The Option Queen Letter
By the Option Royals
Money funds that cater to institutional investors (generally made up of small investors investing
in mutual funds and the like) will be allowed to “break the buck” no longer be required to adhere
to a $1.00 value and will be allowed to let their rates float. Additionally, the SEC will allow the
money market funds to temporarily block investors form withdrawing money during times of
financial stress…….Further, the SEC will allow money funds to charge emergency redemption
fees….so why put your temporary cash into a money market fund if you will be restricted during
times when you actually might need those funds to survive. We thought that the SEC was
supposed to protect investors, how would this protect them. Their mission statement is: “The
mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair,
orderly, and efficient markets, and facilitate capital formation.”
Oh well, back to the global conflicts: the fact that the US stock market doesn’t seem to care a
whit about global hot spots and chaos is a testament to the US market’s strength. Basically, the
market is telling us that it is strong and that in spite of these outside forces that it will proceed
higher. Global conflicts are in Ukraine, Syria, Libya, Iran, Iraq, Israel, Gaza, etc. Then there is
Scotland who wants independence from Mother England, all but the whiskey producers who
would like to stay a part of Great Britain. Yes, the current rally is long in the tooth but there is no
reason to abandon ship. We know that there are icebergs ahead but we do not know when they
will appear thus we should stay the course and protect our investments and always be ready to
change our course quickly.
Never underestimate Putin or overestimate Obama.
The S&P 500 retreated 0.5% in the option’s expiration Friday session closing not too far away
from the lows of the session. We are not sure if this downdraft was caused by nervousness in
front of the weekend or portfolio managers and traders taking some cash off the table. This
index continues to remain above the uptrend line. A new life of contract high was printed in the
Thursday session. The 5-period exponential moving average is 1973.45. The top of the
Bollinger Band is 1984.21 and the lower edge is seen at 1952.23. The stochastic indicator, our
own indicator and the RSI all have issued a sell-signal. The stochastic indicator and our own
indicator are both pointing lower for the weekly and monthly time-frames. We are above the
Ichimoku Clouds for all time-frames. The 1% by 3-box point and figure chart has an upside
target of 2278.81 and looks quite positive. The 60 minute 0.1% by 3-box chart has an internal
downtrend line and seems to be losing momentum. Again we advise to keep your stops tight
and remain nibble, ready to jump to the sidelines.
2.
3.
4. The NASDAQ 100 retreated less than the S&P 500 in percentage terms shaving off 0.4% of its
value in the Friday session. The good news for this session is that the NASDAQ was able to stay
5. above its 5-day exponential moving average of 39.34.37. The bad news is that we have sell-
signals issued by the stochastic indicator, the RSI as well as our own indicator. This index
remains above the uptrend line drawn from April. It is also above the shorter-term uptrend line
drawn from June. The upward trending channel lines are 3872.68 and 3992.94. The upper edge
of the Bollinger Band is 3979.06 and the lower edge is seen at 3842.78. The horizontal support
line is 3955.75 and 3921.25. We are above the Ichimoku Clouds for all time-frames. As we
move into the August time-frame we will see softness appearing. Remember that September is
seasonally the worst month of the year as traders anticipate the October retreat, which, generally
does not materialize. Traders position themselves ahead of time and that is likely why
September seems to have downside pressure. The daily 1% by 3-box point and figure chart
remains very positive. The 60 minute 0.1% by 3-box chart has some internal downtrend lines
but still looks positive.
6.
7. We saved the worst for last and that is the Russell 2000. This index retreated 9 points or handles
in the Friday session. We have a sell-signal issued by the stochastic indicator and the RSI. Our
8. own indicator will issue a sell-signal in the next session. This index has broken the uptrend line
and seems to be stair stepping its way lower. The 5-period exponential moving average is
1145.93. The top of the Bollinger Band is 1210.86 and the lower edge is seen at 1118.36.
Clearly the risk on trade is the current pattern. This index is continues to have more downside
risk than the other indices. If the Russell 2000 can close for two days above 1161.60, we will
become friendlier towards this market. Till that time, we are in the bear camp especially if
1123.80 is removed for two-days.
9. Gold rallied 1.07% in the Friday session. All the indicators that we follow herein are issuing a
buy-signal. We are above the Ichimoku Clouds for the daily time-frame, in the clouds for the
weekly time-frame and below the clouds for the monthly time-frame. The 5-period exponential
moving average is 1305.46. The top of the Bollinger Band is 1341.68 and the lower edge is seen
at 1291.38. The downward trending channel lines are 1312.70 and 1269.10. The uptrend line,
which only has two points connected, is 1289.85. We see a point of resistance at the 1319
horizontal congestion line. The 60 minute 0.2% by 3-box point and figure chart has an active
downside target of 1210.64. The Bollinger Bands are expanding on this chart and the market is
above the uptrend line and looks to be setting up to challenge the internal downtrend line. The
RSI on this chart continues to point lower. The daily 1% by 3-box chart has an active 1113.19
target as well as an upside target of 1812.66. We continue to like gold but it is going to have to
gain our trust before we jump headlong into a position. Our position is wait and see.
10.
11. Crude oil fell out and climbed back into the recent congestion area in the Friday session. The
candlestick left on the chart is a long tailed doji-like candlestick. Essentially what that
12. candlestick is saying is that when the bears were in charge of the trade they were unable to press
the market lower and lost to the bulls who came in and returned the market to almost neutral.
The candlestick also tells us that the bulls had a chance to run with the trade and the bears
stepped in and pressed the market lower thus, there was little change in crude in the Friday
session. Behind the scenes it should be noted that the US Dollar had a really strong showing in
the Friday session. This fact alone should have pushed crude even lower. The 5-period
exponential moving average is 102.11. The top of the Bollinger Band is 104.88 and the lower
edge is seen at 99.29. The line in the sand is 101.82. Naturally should the market remove
101.00, we will see some liquidation from the longs. As to the indicators, they are mixed but
seem to be losing momentum. The monthly chart continues to look like a wedge. We closed the
session inside the Ichimoku Clouds for both the daily and monthly time-frame and above the
clouds for the weekly time-frame. The 60 minute 0.2% by 3-box chart has a downside target of
96.68 and looks as though the market will break to one side or the other. The daily 1% by 3-box
chart has both an upside target, 125.95 and a downside target of 82.93. Take no position until
the market tells you where it wants to go. Right now, the market is straddling the fence and
hasn’t made up its mind.
13.
14.
15. The US Dollar Index sprinted to the upside this week closing the Friday session at 81.04. The
Bollinger Bands are currently expanding with the upper band at 81 and the lower band at 79.71.
The 5-period exponential moving average is 80.84, the 20-period simple moving average is
80.353 and the index is currently above both. The RSI continues to issue a buy signal at
overbought levels and our own indicator seems to be debating a sell signal. The daily candle
chart shows resistance at above at 81.29 and support below at 80.75-80.80 and below that at
80.62. Looking to the weekly chart, we see the index has started breaking out of a long
consolidation pattern. That said, we would need the index to stay above the downtrend line this
week to confirm the break. Resistance above is at 81.41 while 80.62 should act as support. The
30 minute .05 x 3 Point and Figure Chart shows an uptrend with several internal uptrend lines.
there are currently two activated upside targets at 81.45 and 82.70.
16. So where to from here? If we were long the dollar index, we would likely take some of our
winnings off the table at this point. There is much uncertainty in today’s world. Ukraine, Israel
and Iraq have certainly helped spur the index’s break along a little quicker. That said the index
could move to 81.41. If the chaos were to calm down, a cease fire were to hold in Israel and the
Ukrainians stayed out of the lime light for a week, the index could nestle back into its
consolidation and the week’s rally may, from a technical perspective, be seen as noise.
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.
Past performance is not necessarily indicative of future results.
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