5/6/2016

The S&P fell to its 50ma and within two ticks of 2029.75 so it is considered hit.  A retest of that area will be likely to break through lower.  2026 is the line in the sand.  vM to 1976.75 is triggered, but price is trying to retake the neckline.

Shorter time frame vW's to 2060.25 and 2076 have been triggered.

Hourly MACD looks like could be turning positive.

The Russell tested its 50ma around 1100 and has so far bounced.  vM to 1085.6 is triggered.  Needs to hold 1080 to avoid further selling towards vM 1040.6

Hourly MACD looks like could be turning positive.

The Nasdaq looks weak as it couldn't bounce from vW 4302.5 and instead has made lower lows and lower highs.  vW to 4178.25 is triggered and price is testing the neckline for vM 3973.  Needs to hold 4271 along with retaking its 10ma to avoid further selling towards 4178.25 and 3973.

The Dow touched its 50ma and has so far bounced.  vM to 17417 came within 50 points of hitting.  Price is testing the neckline for vM 17010 which will be at the 200ma.

Needs to hold its 50ma to avoid further selling towards 17010

The Nikkei traded sideways after last weeks fall on BOJ announcement.

Last weeks outlook still holds...

The Nikkei was hit hard following the BOJ announcement.  If starts closing below 14815, expecting vM's towards the low 13000's

The Dollar has retaken its 10ma.  Came within .010 of hitting vW 93.965

vW to 94.395 is triggered.

  

Bonds had an up week, hitting vW 174'25, which so far looks like it was rejected.  If price breaks above 175 expecting vW to 178'25 and vW to 180'28 which is new highs and will likely be bad for stock bulls.  

Hourly MACD looks like it's turning negative.

Gold still pushing higher.  vW to 1528.5 has been triggered.

Bulls and Bears battling for $50 or $40 oil.  vW to 49.40 is triggered.  If price falls to $42, it will become  un-triggered.  vM to 41.66 is triggered and if price goes below $43.75, vM to 39.31 will be triggered.  Above 46.78 nulls the vM's

Copper back below its 200ma.  Needs to hold 2.0665

4/28/16

Stock indices ended the week down after becoming volatile towards the end of the week.  Markets were choppy around Wednesdays Fed announcement, but really became volatile after the BOJ left interest rates unchanged instead of adding more stimulus as expected.  Oil finished the week higher closing just under $46.

/ES has fallen below it's 10ma.  Needs to retake and hold 2070, otherwise expecting vM to 2029.75 and a test of the 50ma.

The Russel came within a few ticks to vM 1119.4 and tested its 200ma at the same area.  If cant hold its 200ma, expecting 1080-1100

The Nasdaq hit vM to 4302.5

Needs to retake its 50 and 200 ma's

The Dow has vM to 17417 triggered, needs above 18083 to null.  50ma will be close as well.

The Nikkei was hit hard following the BOJ announcement.  If starts closing below 14815, expecting vM's towards the low 13000's

The dollar seesawed on the Fed announcement, but fell when the BOJ held policy steady as the world expected more stimulus.

Bonds look like they want 173.20

Expecting that to be resistance.

Gold shot up to new recent highs on the BOJ news, nulling vM's towards low 1100's.

Oilocontinued higher for the week filling a gap at 45.22 and closing higher.  vM's to 49.40 and 50.69 are triggered.  Small vM to 44.43 has formed.

Copper is testing, and so far bouncing, off its 200ma.  vW to 2.3442 is triggered.

XLF is testing its 200ma.  vM to 22.61 has formed, which is right at the POC.

IBB fell to it's 50ma and vM target price of 269.99

Possibly a reversal if can hold these levels.

421/16

Stock markets rallied, except for the Nasdaq, along with oil to new recent highs this week, closing the week higher.  The lack of a freeze agreement last Sunday between OPEC members at first appeared bearish as oil opened down 6%.  Then the following day rallied back on news of a Kuwaiti oil worker strike, which abruptly ended, followed by breaking recent highs and into vW target prices on talks of another meeting which was denied by Russia on Wednesday.

/ES is testing its 10ma and flirting with necklines in both directions.  Needs to hold 2070 to avoid further selling towards 2042 and 2029.75.  Otherwise expecting 2124.75

The Russell rallied back above its 200ma, filling a gap and hitting a vW target price of 1140.9 and is now holding above it.  Watch this 1140.9 level and the 10ma.
The 10ma is also crossing above the 200ma.

The Nasdaq fell hitting vM target price at 4432.5 and just above its 200ma.  Watch Nasdaq closely at this area as it will sway other indexes if dragged below its 200ma.

The Dow hit vW 17967 and then breached and closed above 18000 .  18351 (18334 for futures) is all time high.

The Nikkei has triggered vW to 19881 and 18631 which will be near its 10ma.
Needs to push and hold above 17940

Oil is above its 10ma after an interesting week in oil news.  Has a gap at 45.22 which will likely be filled in the near future, but looks like could easily test its 10ma first. Has formed vM's towards 42.21(>44.45 nulls) and 40.41(<44.49 nulls) however if you only look at the regular trading hours, vM to 40.41 is nulled.

Extended hours trading.  Shaded area is extended hours

Regular hours

The Dollar had a volatile morning on Thursday when the ECB announced it would leave rates unchanged and expand its asset purchase.  It closed up for the week, but below last weeks high.  Expecting it to return to the ECB event,  Will then need to hold 93.62 to avoid further selling towards 92.84 and then 89.38

Bonds appear to be rolling over and ma construction degrading.  Price is below 10 and 50ma's and 10ma near crossing below its 50ma.

Gold closed up for the week, but below the 10 and 50 ma's, and near the lows following the ECB announcement.

Copper ma's looking constructive.

XLF was up for the week hitting vW's to 22.99 band 23.46.  It also closed above its 200ma.  See if it can hold its 200ma.  vW to 25.13 is triggered.

IBB has vW's to 298.04 and 318.19 triggered.