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?
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.
“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 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?
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.
“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.
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."
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!
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.
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.
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.
- 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.
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.
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.
- 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.
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.
- 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
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.
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.
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.
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.
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."
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!
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.
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.
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.
- 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.
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.
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.
- 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.
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.
- 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
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.
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.
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.
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 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 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 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.
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 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.
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!
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 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?
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 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.
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
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.
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!
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.
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.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
"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.
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."
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
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. Jeanette Schwarz Young, CFP®
, CMT, M.S.
Jordan Young, CMT
83 Highwood Terrace
Weehawken, New Jersey 07086
www.OptnQueen.com
March 29, 2015
The Option Queen Letter
By the Option Royal
We are going to repeat a statement we made many months ago; the FOMC is not going to raise
interest rates anytime soon. Why? Because it would snuff out any economic expansion in the
pipeline, strengthen the US Dollar, stall the unimpressive job market’s growth and negatively
impact corporate earnings. These are only a very few reasons why the Federal Reserve will take
a wait and see attitude. The mess created by the Fed’s tinkering with the business cycle’s booms
and busts will not end well. Sooner or later, the piper will have to be paid. There is no way we
can tell you when only that this will occur. This is why we have and continue to advise keeping
stops tight and paying attention to your investments.
The fallout from falling oil prices, as we also pointed out months ago, goes far beyond the oil
workers. Will it be apparent in the jobs data? The data will probably not reflect the true cuts
because many of these workers are private contractors or working as private contractors.
Businesses do this so that they do not have to pay benefits for their laborers. The other impact
on job cuts and well closures are the effects on the businesses that survive to supply food and
needs of these workers. The heavy machinery used for well drilling will not be ordered, or even
serviced. The effect is like seeping water from a roof leak: you see the damage but haven’t
figured out where the actual leak is. The next step in the oil saga is that eventually, these shut-
downs of wells will result in increased imports. With a strong US Dollar, you can buy more but
because we are producing less oil, the supply factors will shift to the exporters and, in the end,
oil will go up in price. Bottom line is that this will lead to higher prices for oil. So, a strong US
Dollar helps business exporting to the USA (cheap products), hurts US exporters because our
products are no longer competitive, and will put pressure on multi-national corporations which
just might begin laying-off workers. Yahoo……what a mess!
On the other hand as the US Dollar strengthens, and European banks offer negative interest rates,
money flows into the US stock market and debt market as the safest place to invest.
The S&P 500 rallied in the Friday session ending the four day decline with a final up day on the
last day of the week. The horizontal line of support of 2033.25 was tested and rejected in the
Thursday session. Friday’s session was an inside day with good volume. Perhaps it was an
effort to close out shorts in front of the weekend or perhaps an attempt to dress or undress
portfolios for the end of the month, we certainly are not sure. The 5-period exponential moving
average is 2063.07. The top of the Bollinger Band is 2121.15 and the lower edge is seen at
2033.07. All the indicators that we follow herein are beginning to curl upwards but none have
issued a buy-signal. The downward trending channel lines are 2077.80 and 2024.82. The most
frequently traded price for the Friday session 2050.00 with a volume of 21.2% of the day’s
2. volume. We remain above the Ichimoku Clouds for all time-frames. The daily 1% by 3-box
point and figure chart remains positive.
3. The NASDAQ 100 recovered from the four-day sell-off adding 13 handles (points) in the Friday
session. The 5-period exponential moving average is 4352.34. The top of the Bollinger Band is
4506.17 and the lower edge is seen at 4276.49. The horizontal line of support is 4270. The
downward trending channel lines are 4424.03 and 4278.46. We are above the Ichimoku Clouds
4. for all time-frames. The most frequently traded price for the Friday session was 4312.50. The
highest volume was seen at 4308.75 which saw 19.7% of the day’s volume. The horizontal
support line is 4270.00. The most frequently traded price in the Friday session was 4312.50.
19.7% of the day’s volume was seen at 4308.75. The NASDAQ 100 could be either building a
top or……a flag, not sure yet.
5.
6. The Russell 2000 added 7.70 handles (points) in the Friday trading session on light volume. The
5-period exponential moving average is 1239.23. The top of the Bollinger Band is 1265.92 and
the lower edge is seen at 1207.94. The horizontal support line is 1220.10 which held in the
7. Thursday session. Although both the stochastic indicator and our own indicator continue on
sells, they are beginning to curl to the upside and could, within a day or so, issue a buy-signal.
The RSI has turned to the upside. We are above the Ichimoku Clouds for all time-frames. The
most frequently traded prices in the Friday session were 1228.00-1230. 14.6% of the volume
was seen at 1232. By the way, the longer term uptrend line remains in place so do not rush to
short this index until you have evidence of a break of that line.
8.
9.
10. Crude oil retreated in the Friday session printing a lower high and a lower low. When crude oil
was rallying, it failed to remove the 54.47 horizontal resistance line which was not bullish. The
stochastic indicator is issuing a sell-signal as is the RSI but our own indicator continues to point
to higher levels. We are below the Ichimoku Clouds for all time-frames. The upward trending
channel lines are 51.82 and 46.60. The 5-period exponential moving average is 4849.37. The
top of the Bollinger Band is 53.12 and the lower edge is seen at 42.49. The volume dropped off
in the Friday session. The most frequently traded price was 50.25. People are looking for a
bottom in crude but we would like a little bit more evidence before we are convinced. There
remains the outlier on the downside which would take us to 32.7 and then the 25 area. We do
not see the 25 area at the moment but would bend to the 32.70 area as a support zone should
crude take an awful fall.
11.
12. Gold retreated in the Friday session after a spectacular seven-day run to the upside. The 5-period
exponential moving average is 1193.91. The top of the Bollinger Band is 1217.26 and the lower
edge is seen at 1138.66. We remain below the Ichimoku Clouds for all time-frames. All the
13. indicators that we follow herein are pointing to the downside. Gold appears to be stuck between
1141.40 and 1223.30 and until or unless it breaks one of these levels, will likely continue within
that range. The most frequently traded price in the Friday session was 1200, which accounted
for 36.3% of the day’s volume. Until or unless gold breaks above 1223, it will remain range-
bound.
14.
15. The US Dollar Index retreated slightly in the Friday session leaving a doji-like candlestick on the
chart. The RSI is flat at 49.49, which is near neutral and the stochastic indicator is also flattish.
Our own indicator has just issued a buy-signal. The 5-period exponential moving average is
97.625. The top of the Bollinger Band is 100.696 and the lower edge is seen at 95.093. The
downtrend line is 98.515. The US Dollar looks as though it is trying to put in a rounded bottom
at this level. The most frequently traded price, 97.580, in the Friday session was also the high
volume area accounting for 11.6% of the day’s trade. This market looks as though it might try to
rally back to 99.264. Although there are too many US Dollar bulls it will take a while for the
trade to even out, remember, the trend is your friend, do not fight it.
16.
17. 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
18. 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