12/24/15

Stock futures rose for the week, although volume was very light due to the Christmas weekend.  Thursday's action looked strong until it gave it all back at the end of the day.  Oil looked strong for the week and looks like wants to test above $40 again.  Copper still looking strong as well.

/ES is above it's 10ma and is testing its 50 and 200ma's.  Has bullish patterns to 2132 to 2153 if can regain 50 and 200ma's.  If not, 1950 and 1900 on the radar.

/TF is well below its 200ma and currently sitting between its 10 and 50ma.  If can retake its 50ma, vW to 1199.6 likely.  If dips below it's 10ma, 1065 on the radar,

The Nasdaq looks strongest of the majors.  It's above its 10ma, and just below its 50ma.  Watch to see if it can retake the 50ma, and a crossover of the 10ma above the 50ma.

The Dow has a vM to 16352 formed, and a double bottom to 18399 forming.  Ma's are consolidated with the Dow below 50 and 200 ma's, and above its 10 ma.

The Nikkei didn't rally this week like U.S. majors did.

The $ is above it's 200 ma, but the 10ma and 50 ma have negative convergence.  If can rally above 100.6, expecting a rally towards 106.9

Bonds consolidating between the 162 and 157 area.

 


Gold still has a double bottom to 1315 if can hold 1045.4, otherwise expecting 975

Oil looks like it wants to test 41.34

Copper still showing strength.  2.1646 on the radar.

XLF

IBB looking strong.  vW's to 363 level triggered.

12/18/15 AAPL

Stock index futures fell Thursday and Friday giving back every bit of the gain on the announcement of the Fed raising rates, and the some.  The Dollar is above all ma's and has a vW to above 106.  The Fed and stocks do not want this.  Bonds and gold look like they are trying to base for a move higher.  Oil rallies continue to be sold at the 10ma. 

/ES needs to hold 1983.25 to avoid nulling intermediate vM's towards 2150.  VM to 1951 is triggered, and if /ES falls further from here, vM to 1903.5 will be triggered.  Also the neckline for triggering the longer term vM to 1571.5, is currently at about 1890.

Short Term

Long Term

/TF is sitting below all ma's and has vM to 1065 triggered, and a break below 1090 triggers vM to 1032.2

/NQ has vM to 4336.5 triggered and vM to 4244 formed

Fridays action triggered vM to 16352 on the Dow.

VIX futures have vW to 30.28 triggered.

The Nikkei had a huge rally in its am session, up over 3% and above its 200ma, only to be slammed 

back down under its 200 and 10 ma's, closing down about 2%.

Short Term

Longer Term

IBB still has vM to 275.51 triggered.

XLF has vM to 22.7 triggered, and vM to 21.88 has formed.

The dollar has retaken its 10ma, and has formed vW to 106.9

This is not what the Fed, or stocks want!

Bonds looks bullish with vM to 168'17 triggered.

Copper has had some impressive rally attempts

Gold still riding it's 10ma.  If can hold 1045.4, it has a large double bottom forming towards 1250.  If breaks below, expecting 976.

Oil has vW to 41.34 if it can hold above 34.53

vW to 33.07 still triggered, and if oil does break below 34.53, vM to 18.93 will be triggered.

AAPL has vM to 83.48 triggered, and vM's to 65.55 and 56.27 formed.

WMT has vM to 53.36

12/16/15

Markets whipsawed on the Fed raising rates, ultimately closing higher.  Oil fell.

/ES 

/TF

12/15/15

Markets bounced back from yesterdays selloff.  Oil caught a bid, up %1.88.   Asian markets were up over 2%.  Big day tomorrow with the fed expected to begin raising interest rates.  

/ES filled a gap at 1985.7, nulling vW  to 2122.75  

It has so far bounced, and currently trying to fill gap at 2048.  Has also formed vW to 2050.75

/TF  

/NQ

The XLF bounced over 2% after hitting vM at 23.31

The dollar continues to grind lower.  The 10ma is converging towards the 50ma.  1 hour chart has bullish MACD congergence. 

Bonds testing 200ma.

Gold still has a double bottom forming as long as can hold 1045.4

Copper testing 10ma.

Oil continued a small rally, testing its 10ma.  Expecting 33.07 before a bottom, unless the Dollar gets hammered.

Stock futures gapped down Friday closing down around 2% while bonds and gold rose.  Oil continued lower. 

/ES gapped down and is sitting above a gap at 1985.75

If 1985.75 doesn't hold, vM's to 1951 and 1903.5 on the radar.

The Russell nulled vW to 1231.6 and is sitting just above vM1110.6

vM to 1065 on radar

Nasdaq has vM to 4336.5 triggered

The Nikkei fell below its 50 ma.  

Oil's gap at 36.25 did not hold, so expecting vM to 33.07

If $33 doesn't hold, vM to 18.93 on the radar.

Copper looks strong here relative to other markets.

Gold looks strong and has a double bottom above 1300, if can hold 1045.4

Bonds jumped above its 200ma.  A break above 166'25 will null short and longer time frame vM's