Sunday, December 23, 2018

Week ending 12-21-18

Stocks have been getting hammered, falling below shorter term vM target prices.  Expecting lower.  Oil has been getting hammered as well, while bonds have been rallying.  could see some pullback/seesaw action, but I think ultimately the current trends will continue.


The ES hit target price 2489.5 but couldn't bounce from there.
Expecting VM to 2273



The Russel couldn't bounce from 1330.2
Expecting 1218.2



The Nasdaq couldn;t bounce from 6202.75
Expecting 5478.5



The Dow couldn't bounce from 23292.
Expecting 21698



XLF has fallen through vM's to 24.39 and 23.06 
and is sitting just above vM to 22.65.
If doesn't bounce from there, expecting vM 20.28



Oil has formed a bear flag to 24.39 
inside a larger time-frame vM to 19.91



The dollar has triggered a vM to 94.410
but ultimately looks like it wants higher.



From 10/28/18
Gold has formed and triggered a vM to 1121.2. 
which is very likely if the Dollar continues to rise.
Needs to hold 1230 area to avoid further selling towards 1121.2,
which will likely be a buying opportunity for vW to 1708.3




Bonds have continued their rally higher.  
A very likely scenario here is for a pullback to GAP 156'06
before resuming rally towards vW's 164 and 174
Click for Update












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Sunday, December 9, 2018

Week Ending 12/7/18



Stock indicies have been been seesawing in recent weeks.  The Russell and Nasdaq are performing worse than the Dow and S&P, which is concerning for markets.  Oil needs to bounce or looks like could head much lower.  Bonds have hit an upward target price.  Watch id the pull back or continue the uptrend, which will put pressure on stocks.



 Bulls and Bears continue to battle for vM necklines.
As of the open Sunday night, the bears are winning.
If price can't retake the necklines, expecting 2489.5 and 2273.0



The Russell is back below the necklines for 1330.2 and 1218.2



The Nasdaq is significantly below necklines for 6202.75 and 5478.5



The Dow is similar to the S&P




The XLF has nulled vW to 29.41 and broke well below the neckline for 24.39



Oil needs to bounce from here to avoid triggering a huge vM to under $20



The dollar has a vM to 94.410 formed, 
but ultimately looks like it wants higher.



From 10/28/18
Gold has formed and triggered a vM to 1121.2. 
which is very likely if the Dollar continues to rise.
Needs to hold 1230 area to avoid further selling towards 1121.2,
which will likely be a buying opportunity for vW to 1708.3



Bonds hit price target 155'28.  They could pull back here, 
but ultimately they look like they want the 159 area.











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Sunday, December 2, 2018

Week ending 11/30/18

Stocks indices bounced for the week


The S&P has bounced forming a W.  
The "2070-ish " from last week was a typo or mistake. 
Not sure what it was supposed to be, but regardless,
a W to 2998 has formed and is attempting to retake vM necklines lower.
If the W to 2998 works, it will null vM's lower.



The Russell is forming a W towards the 1701 area.







The Dow has retaken necklines for vW's lower and has formed a double bottom to new highs.
Click for Update



The XLF has formed a vW to 29.41



Oil continues to get hammered and busting through target prices.  
$40 wouldn't surprise me at all.



The dollar has a vM to 94.410 formed, but ultimately looks like it wants higher.



From 10/28/18
Gold has formed and triggered a vM to 1121.2. 
which is very likely if the Dollar continues to rise.
Needs to hold 1230 area to avoid further selling towards 1121.2,
which will likely be a buyin opportunity for vW to 1708.3
Click for Update



Despite Stock indicies rallying, bonds had a good week as well.  
A bit suspicious of the stock rally since bonds didn't fall in conjunction .










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