Week ending 3/15/19

Stock indices rallied for the week with the S&P retaking the high made just below all time highs.  Other indices arre close.  Bonds still have patterns both ways though.

The ES has rallied and closed above the

high made just before last years drop, 

which is also the high just below new all time highs. 

Could see some sideways action,

but if the Russell can follow suit, expecting new all time highs.

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The Nasdaq has nulled short term vM's lower, 

and sitting just below the high made just below all time highs.

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The Dollar missed vW 97.670 by .050 

Calling that a hit.  vW to 92.010 was also nulled.

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Oil looks like it want 63.19

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Bonds have been trading sideways and have several target prices both ways.  

Price is close to hitting vW 162'08.  If it hits and turns lower,

it should be good for stocks.

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Week Ending 3-8-19

The markets are back below my bull/bear lines 2770 for the S&P and 1540 for the Russell.  On Thursday the Russell fell significantly heavier (2% v.s. .65%-.93%) than the other indices, which is usually a leader of the trend.  If stock indices do go to lower vM target prices, they will form patterns to test last years lows.

The ES barely missed vW 2820.25 and turned lower.  

vM to 2721.75 is triggered and vM to 2641 is formed.

2770 is my bull/bear line.

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The Russell hit vM 1538 and fell below.  

vM to 1469.7 is triggered.

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The Nasdaq has hit vM 7005 and has so far bounced.

vM to 6794.25 has formed.

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The Dow needs to retake 26200 to null vM's lower.

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XLF looks 50/50 either way.

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The Dollar is fighting between two patterns. 

VW to 99.890 and vM to 92.010

Shorter term vW 97.670 is close to hitting.

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Gold still trading sideways

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Copper triggered vW to 3.7840

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Oil has small vM to 53.13 triggered.

If that on works it will likely form a vM sub $50.

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Bonds have vW to 162'08 and 164'25 which is close to triggering

which will likely be bad for stocks.

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Week Ending 3/1/19

Stocks continue to grind higher.  Oil looks like it wants the $63 area.  Bonds took a hit the last several days.

Note: Not a lot has changed on some charts so refer to previous blog for them if omitted.

ES has vW to 2820.25 triggered.

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The russel hit vM to 1572 and has formed a vM to 1538.3

Above 1603.6 nulls.

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The Nasdaq hit it's vW targte price 7133.25

Expecting resistance at vW 7133.25

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Copper triggered vW to 3.7840

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Bonds fell the last several days and are sitting just above a gap at 156.06.

Also vM's to 156'01 and 154'15 are triggered.

Could see a bounce from the gap, but price is well below the neckline for vM's.  

If doesn't bounce from these price targets, expecting new highs in the stock indexes.

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Lumber futures were unable to bounce from vM 391.9

vM to 353.4 is triggered. 

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