Monday, August 3, 2015

8-3-15

Most longer term MACD's are below the zero line(bearish) except for the S&P 500 Daily.  Bonds looks bullish.



/ES fell most of the day but bounced at the end of the day.  It is below its 10 and 50 ma's.  Watch for 10ma crossing below 50 ma.


Russel also below its 10 and 50 ma's.  10 ma well below 50 ma.  Needs to recover here to maintain double bottom.


Nasdaq


The Dollar looking stong above ma's could drive stocks, gold and bonds lower.



Gold sitll balancing.  Expecting $1054.9


Oil made new lows and is sitting just above $45.  Sub $40 on the radar.


Copper made new lows.  $2.16 on radar


XLF sitting under 10ma


IBB also just under 10ma


AAPL fell over 2% falling below its 200ma for the first time since 09/13.

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