8/28/15

Markets were up fractionally, with the Russel leading at .81%.  Oil shot up again over 6% closing above $45.  Gold and the Dollar were up while bonds were down slightly.

/ES is sitting just below its 10ma.  Expecting 2015.75 and possibly gap fill at 2026 which will likely act as resistance.   Also has vW to 2050.5 from Mondays excess from the crash. Watch the action at 2015 and the gap at 2026.  The 50ma and 200ma are still converging.  The /ES, as with all indexes,  needs to push above the gap and hold.  Otherwise could test lower levels again.

The Russel has retaken its 10ma.  Expecting 1191.3 and possibly 1211.5 from Mondays crash  excess. 

Nasdaq futures has vW to 4374.

The Dow is sitting just below its 10ma.

NYSE sitting below its 10ma.

Nikkei is sitting just above its 10 ma and below its 200ma.  Will need very positive price action to avoid the 10ma crossing below the 200ma.

XLF just below all ma's.  Watch reaction at 10 ma.  10ma<200ma.  Also watch hourly MACD  which is above the zero line but its value is heading towards the zero line.

IBB is back above its 10ma and 200ma.  Likely to test its 50 ma near vW target price of 380.78 if can hold above the 200ma.

The Dollar is back above its 10ma and 200ma and price is sitting  just under its 50ma..  10ma looks like it could bounce off the 200ma and head back above the 50ma.  Watch this closely because the negative correlation between the dollar and stocks will start again sometime in the future, and if the dollar continues higher, stocks should go lower.

The Euro

Bonds sitting just above 50 ma.  10ma<200ma.  Needs to bounce to avoid the daily MACD from falling below the zero line.  

Gold sitting at its 10 and 50ma's, with the 10ma crossing back above the 50ma.  $1204.7 on the radar if ma's can remain constructive.

Copper very choppy here, but looks like wants $2.42, which is right at the 50 ma.

8/27/15 - BTU

Stock indexes rallied all closing up over 2%.  The Russel slightly lagged again, closing  up 1.89%.  European markets closed up over 3%.  The Nikkei was up 1.08% and Shanghai was up 5.34%   Oil was up over 10%.

/ES has a vW to 2015.26 triggered and a gap just above at 2026.  Expecting this area to be resistance.  Has patterns including excess from Mondays crash that are triggered also to 2029 and 2050.5. 50ma and 200ma still converging.  The /ES, as with all indexes,  needs to push above the gap and hold.  Otherwise could test lower levels again.

/TF similar story to /ES

/NQ similar as well

The Dow similar as well

NYSE still needs extremely positive price action to turn moving averages around.

XLF was up about 2.5% and hit a vW target price of 23.71.  Has vW to 24.68 triggered.

IBB was able to regain its 200ma, and is testing its 10ma.  See if can hold.

Nikkei 10ma converging on 200ma.

The dollar is back above 10 and 200 ma's,  Needs positive price action to avoid 10ma<200ma.

Bonds below 200ma.  Testing 50ma.

Gold has formed a prominent looking vM to 1067.4.  Break above 1169.8 nulls the pattern.

Oil shot up 10% hitting a vM target price of 42.67.  It is sitting above its 10ma.

Copper futures shot up over 4% and have formed a vW to 2.42.  Has regained its 10ma...see if can hold.

BTU up another 40%

8/26/15 - WBA, BTU, AAPL

Index futures continued falling after the close yesterday, making new intrady closing lows , but made a strong rebound in the evening, which continued overnight and into todays open with all indexes closing up about 4%, except the Russell which closed up 2.5%.  Bonds and gold fell about 1%.  The dollar was up .85% and is trading in between its 200ma and 250ma.

/ES continued falling yesterday 7 points passed a vM target price of 1857.75, and just above a upoc.  So far looks to have reversed.  Expecting 2015 - 2050.  Gap at 2026 will be key level.

Russel didn't lead the rally.  It must rally long term for the  to rally.  Needs strong price action to prevent death cross.  Watch closely.

Nasdaq was the biggest gainer, but was also the biggest loser over the past several days.

Dow has vW to 16888. 

NYSE still looks bad , but has stopped gapping down everyday.

Nikkei 225 has vW to 20523.

The Dollar is just below its 200ma.  10ma very close to crossing below 200ma.

Bonds below its 200ma and testing the 50ma.

Gold below 10 and 50 ma's.  10 ma looks like about to cross above the 200 ma, which should drag the price higher.

Silver made new lows today.

Oil still below $40

Copper has been creatin opening gaps around the 2.25 -2.29 area the passed few days.

XLF

IBB has vW to 380.78, and also 404.02 if you consider the excess from Mondays crash.

WBA bounced from a vM target price of 80.78.  Still not pretty though.

BTU down 7% on a bullish day.  Watch to see if 10ma can cross above the 50ma.

AAPL has vW to 124.67, and 127.56 if consider excess from crash.  Has formed a death cross!  Needs price to push 50ma back above 200!

8/25/15

Stock indexes were up over 3% but got slammed at the end of day giving it all back and closing in the red.  Most indexes and many stocks have formed large double tops.  Need positive price action to avoid breakout.  China was down another 7%.

/ES was up almost 4%, only to close in the red.

The Russel close to death cross.  Still has vM to 1038.1 triggered.

Nasdaq

Dow

NYSE

Nikkei

Bonds back below 200ma.

Gold is sitting on it 50ma.  10ma is trying to cross above 50ma.

I need to adjust oil #' due to contract roll over.  Still under $40.

Copper gapped up, filling gap from couple days ago.

XLF still ugly

IBB trying to regain 200ma.