Sunday, July 17, 2016

7/15/16

Stocks indexes have broken above the Brexit 'Scene of the Crime" levels.  Expecting a pullback towards the 10 ma's, but ultimately expecting higher towards S&P 2235 and Dow 20000.  Stock futures sold off in the final minutes of trade after Turkey's military staged a coup that was quickly shut down, mostly by civilians and the Police.  Oil rallied on the news but still has vM triggered to below 40.  Metals and Bonds look like they want to test their 50ma while the Dollar looks set to rip higher.



/ES has a small vM towards 2113.75formed inside a longer on to 2239.25 that is triggered.




The Russell has  Vw to 1404.6 is triggered.   Current all time highs is 1292.3



Nasdaq has W to 4886.5 that has broken out and a vW higher to 5414.25



The Dow has vW's towards 20000 triggered.



The Dollar has vW's higher to 97.9 and 99.5 that are triggered.  It has also been basing under the 200ma,  forming a bullish flag towards 99.73.  It is starting to close above it's 200ma as well.  This could be an explosive move which would be bad on metals and oil, and possibly stocks shorter term.



Oil is currently above its 10ma.  And has triggered a vW towards 50.29
See if can hold the 10ma.  Otherwise expecting vM to 37.76 which is triggered.



Gold has vW to 1549.5 that is triggered.



Bonds have a vM to 179'16 that is triggered.

Monday, July 4, 2016

7/4/16

Markets fell further Monday(6/27) after the Brexit and have so far bounced "returning to scene of the crime" (SOC).  Oil for the most part followed suit.  Gold and silver are rallying.  Copper has bounced back strongly after a sharp fall on Brexit vote.



S&P futures hit 1981.5 on Monday and have bounced back towards SOC at 2106(Verniman's #) - 2119.5 (Thursday nights high).  Expecting to test 2106 to 2119.75.  If breaks above, 2154.25 on the radar.  If can't, expecting 1955.5




Russell



Nasdaq hit a vM at 4193.5, but broke well below.   Just above its 200ma.



The Dow fell hitting vM to 16967 and has so far bounce.  If breaks above 18083, expecting 19653, otherwise 13402




The Dollar has a bull flag set up for higher aligning with towards vW to 99.599



Bonds still rallying



Gold has rallied and triggered 1549.5  
Silver raliied even heavier in recent days.



Copper fell on Brexit but has rebounded heavily



Oil is balancing between breaking out towards 74.21 or 37.76




IBB




XLF