3/29/16

Markets rallied after Yellen emphasized caution, which appears as if we are putting off rate hikes.  Oil did not follow stock indexes.  Bonds and metals were also up substantially.

/ES has 2070 on the radar.  

Russell has longer term vW to 1308 triggered

Nasdaq

Test of 1800 on the radar for Dow

Nikkei

Oil has 32.39 on the radar.

The Dollars ma's look negative.  Needs to hold 92.52 to avoid sub 90 and avoid nulling vW to 106.9

Bonds

Gold 

Copper is sitting at its 8/24/15 crash lows which have been acting as support the last few weeks

Easter

Markets basically closed flat Thursday ahead of Easter weekend.  Oil fell back below $40.

3/18/16

Stock indexes made substantial gains Friday after closing the new years gap.  Oil jumped to 42.49 but started to give it all back once the bell opened.

/ES has several magnets towards 2050.5 to 2055.5   

It has vW's to 2050.5 and 2054.5, along with a bullish P formation to 2051.5

It also has a gap at 2055.5
Expecting it to hit this area and then try to reverse lower.

Russell still below its 200ma and has a lot of resistance to get thru.

Nasdaq trying to retake its 200ma.  Action around the 200ma for the /NQ could dictate market direction.

The Dow has retaken its 200ma.  See if can hold.

Oil closed flat after rallying overnight, only to start giving it back at the open.

vW to 41.08 and W to 42.35 hit.  vW to 50.69 is formed.
Needs ho hold 40, then 36, otherwise expecting it to dip back below 30.

The Dollar tanked on the Fed reporting that it would likely only raise rate twice, as opposed to four.
vM's to 92.84 and 89.38 are triggered.

Bonds trying to hold the 50ma.

Gold trying to hold its 50ma.

3/16/16

The S&P, Dow, and Nasdaq are retaking their 200 day moving averages. after the Fed stated they wouldn't raise rates.  Oil also rallied, and is above $40 in the after hours session.

New Years gap to 2034.5on deck, and vW to 2054.5 is triggered.

The Dollar dropped heavily on the Fed announcement into vM target price at 95.76 and now sitting in between vW to 99.09, and vM to 92.84

Oil closed higher and jumped above $40 after hours.  MA's look constructive

 Expecting vW to 41.08 to W 42.35.  Oil has also formed vW to 50.69, which is triggered above 39

VM to 18.93 has been un-triggered.  Low 30's re-triggers.  Above 62.58 nulls.

Bonds sitting in between patterns both ways.  Shorter term, MA's not looking very constructive.

3/4/16

Markets had a seesaw day Friday, with stock indexes closing flat for the day, but up for the third week in a row.  

/ES hit vW to 1996.5 and came withing one tick of hitting vW to 2008.5 and close to gap at 2009.75

Has formed small vW to 1968.5

Longer term

The Russell came within a few points of filling gap at 1089.9

vM to 1660.6 formed

The NASDAQ had a volatile Friday as well, but didn't break highs made earlier in the week.

vM's to 4273.75 and 4246.25 are formed.  Break above 4355.25 nulls both.

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Dow got as high as 17043 on Friday.  Has vM to 16768 formed

Nikkei testing its 50ma.

Oil nulled vM to 24.7 and triggered vW to 41.08

vM to 18.92 has been un-triggered, needs above 62.58 to null.

Copper testing 200ma.

Gold looks like it wants higher.

Bonds triggered vM to 158'30