This will be a shortened update for the week, since the major indices have mostly moved sideways and are similar to each other. Oil fell heavily to a target price at 19.91 and has so for bounced. Bonds are still volatile, but the daily moves were closer to normal.
The S&P traded sideways for the week. Has patterns in both directions.
Bonds still battling between vW's and vM's.
Volatility was lighter, and closed slightly higher for the week.
vW's to 242'15 and 249'26 are triggered.
Volatility was lighter, and closed slightly higher for the week.
vW's to 242'15 and 249'26 are triggered.
Oil hit vM target price at 19.91 and has so far bounced over 40%.
I think overall markets need 19.91 to hold to avoid further decline.
If falls back below 19.91, 8.91 is a high possibility.
The crazy moves in the Dollar continue.
It is currently battling between long term vW to 105.515
and shorter term vM's to 93.85 and 92.865
Copper fell through vM 2.1705 by 5%,
but looks to be building a base around that level.
Needs to hold recent lows to avoid further selling towards vM 1.85
Lumber fell through vM 277.1 and triggered longer vM's lower.
vW to 619.5 was nulled by this weeks actions.
No comments:
Post a Comment