1/29/16

Stock indexes rallied Friday closing higher for the week.  Stock indexes have aslo regained their 10ma's but still well below 50 and 200 ma's.  Bonds and gold closed slightly higher for the week.  Oil also continues its bounce, but has hit a vW price target at 33.78

/ES has vW's from 1949.25 to 2040.75 that are triggered.  Break below 1804.25 nulls all.  vW to 1982.25 has a gap just above at 1983 which might be a reversal point.

Long term /ES still has vM's to 1629 and 1571.5 formed.  New highs will null.

Russel has vW's to 1073 and 1092.8 that are triggered.  Gap at 1089.9 just below vW target price 1098.8 may be reversal point.

NASDAQ

DOW

Nikkei

The Dollar is still riding its 10 and 50 ma's

Bonds close to hitting vW target price at 168'17.  See if pushes through or reverses lower.

Gold is approaching it's 200ma while showing hourly negative divergence on the macd.  Watch to see price and the 10ma can push above the 200ma.

Oil continues its bounce, but has hit vM at 33.78.  VW to 38.61 is still triggered.  Price is testing vM neckline for 18.29

Copper looking bullish and testing 50ma.  Possible double bottom forming towards 2.35

1/22/16

Stock market indexes and oil were getting hammered early this short week honoring Martin Luther King Jr, but were able to make a nice rebound on Wednesday that was able to follow through the rest of the week.  Much damage has still been done to the charts though, and currently believe this is just a bounce.  The Dollar, gold, and bonds still look constructive.  Copper hit a vM at 1.9653, and has so far bounce back above $2.00

/ES got hammered Tuesday, and Wednesday, falling over 100 points, and has almost recouped that 100 points back from mid-Wednesday through Friday.  Expecting to hit vW at 1982.25, and gap just above at 1983.  Neckline for vM to 1571.5 has been breached.

/ES Long Term

/TF had the best rebound of the week, but looks like the worst among the major indexes.  vM to $849, about 15% below here, is still triggered and well below the neckline.  Has short term vW to 1073

/NQ has a vW to 4393 that is triggered.  Has longer time-frame vM to 3367.25 that has formed.   a break below 4000 will trigger.

The Dow still has vM to 13402 working, inside a much larger vW to 20296

The Nikkei has formed and triggered vW's to 17484 and 18354.  vM to 15918 hit and bounced, forming vM to 13036

Bonds continue to null short term vM's.  vW's to 168'17 and 186'12 are triggered.

The Dollar continues its grind up along the 50ma.

Gold still has double bottom to 1315 working as long as can hold 1045.4

Copper hit a vM to 1.9653 and has so far bounced back above $2.  vM to 1.84 is still triggered.

Oil fell and hit a vM at 28.10 and has so far bounced back above $30.  Has vW to 33.78 which will possibly be used as a short entry(>34.35 STOP / $18.94 Target) back below $20.  If breaks above $34.34, it will likely test its 50ma around the $37 area.  $18.93 still on the radar.

1/18/2016

Markets have hit longer term vW's, but are gaining acceptance below.  They have also triggered longer term vM's, over 15% lower.  Oil under $30.  Copper hit vM at 1.9653

/ES has vW to 1905.75, with a gap just above at 1913.  Also has larger vW to 1941. Gap at 1983, and a double bottom to 1989

Russell has vW to 1053.2 if can hold 978.2

Oil below $30.  Could see a bounce, but expecting 18.93

1/13/16

Stocks indexes got hammered after bouncing off of vW target prices.  The have fallen below the support levels at vM target prices, along with triggering longer term vMs lower.  Oil continues lower, while bonds and gold rise.  Russel lead the way lower.

/ES got hammered but has filled a gap which may act as a reversal area.

Russell

Oil has 18.93 on the radar.

Oil has vMs to 1.84 and 1.75 on the radar

12/30/15

Markets closed the year with the S&P and the Dow losing roughly 1%, The Russell down 4%, and the Nasdaq up 6%.  China closed the year up over 6%  The Dollar is up over 8%, gold down just over 4%, and copper is down over 20% and still below 8/24/15 crash levels.  Oil is down over 30%.  Bonds are down just over 4%.  

Markets looked strong through the week, although on very light volume, but closed a bit ugly for the final day of the year.

/ES fell below its 10ma, forming a short term double bottom towards the 2075 level if can hold Thursdays end of day sell off, however that same price action that formed the double bottom has triggered vM to 2000.5

It also has a gap just below at 1994, a vM to 1951 which is triggered, and vM to 1903.5 formed that will be triggered if /ES cant hold gap at 1994.

The Russell is below all major ma's and hourly macd is negative. vM to 1065 is triggered.

The Nasdaq is also below its 10ma, with the 10ma just under its 50ma.  

The Dow below all ma's as well.

Nikkei, also below ma's.

Waiting for the Dollar to trigger a move towards 106.9 or 93.86

Bonds are currently below all ma's, but they are showing some bullish convergence.

Gold still has a double bottom if can hold 1045.4

Copper still bouncing back and riding up the 10ma, which is converging on the 50ma.

Oil still has a vW to 41.34 triggered.  Break below 34.53 nulls.  The execution of al Nimr could spark some volatility in oil, although I still don't think Saudi Arabia will cut production, which is the main reason driving prices lower.