Sunday, August 2, 2015

8-2-15


/ES needs 10ma to stay above 50ma.  Has vW to 2205 as long as can hold the 200ma.


The Russel came within 5.2 points of a vM target price as it rejected its 200ma.  Was relatively strong at times during the week while other indexes looked weak.  Possible double bottom forming.  Needs to hold 200ma to avoid further selling towards 1129.5


Nasdaq trying to retake its 10ma


Japan sitting just below all time highs.


Bonds MACD looks bullish and 10ma has crossed above the 50ma.  It is also sitting just below its 200ma.

Gold is balancing near lows.  Close to target price of 1054.9.  Has 975.9 too if 1054 doesn't hold.


Copper made new lows this week.  $2.16 on radar


 Oil also continues making new lows.  Wouldn't be surprised if could bounce towards $55, but think oil will be below $40 in the near future.


Watch IBB this week as many Biotech's report on Tuesday.


Watch XLF around its 10ma.



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