Saturday, March 10, 2018

Week Ending 3/9/18

Markets started to fall in early February, but look like they are bouncing back towards new highs with the Nasdaq already there.  Oil, the Dollar, and Gold are all trading sideways pretty much in correlation.  TLT has fallen to vM target price levels.  


The S&P fell sharply after missing vW 2880.75 by a couple of points.  It formed a vM to 2537.75 and has so far bounced.  It has formed and triggered a vW to target price to 3106.



The Russell also just missed its vW target price around 1625 before turning lower.  
Has formed a vM to 1313.65, above 1619.2 will null.
Has formed and triggered a vW to 1706.4 



The Nasdaq also just missed a target price at 7076 just before turning lower.
However,  it has climbed above the nulled target price at 7076, and closed at all-time highs!
Also unlike the other indices, the Nasdaq has nulled its vM lower that was created during this small correction.
Has formed and triggered a vW to 7797.25



The Dow has formed and triggered (triggering) vW's to 28337 and 29042.
Above 26684 will null vM to 19668



The XLF hit its bull flag target at 30.27 before turning lower.  
Has formed and triggered vW to 32.87
Above 30.32 will null vM to 23.06



Oil has formed a vM to 48.05.  Doubt it happens, if it does it will probably be a buying opportunity.
Needs to hold above 59 to avoid triggering.  Above 66.66 will null.
vW's to 73.78 and 89.56 are triggered



Still expecting vM to 87.445 for the Dollar,
however, a bounce towards 91.5 to 92 wouldn't surprise me.



Gold continues testing the neckline of vW to 1708.3
Has formed a small vM to 1258.4.  Above 1365.4 will null.


The TLT fell and hit vM target price at 116.77
vM to 115.53 is still triggered.
If doesn't bounce from these levels, vM to 89.5 will be triggered,
 which isn't far off the lows from where the ETF was first traded.



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Sunday, January 28, 2018

Week Ending 1/26/18

The S&P hit and breached 2848.
It has formed and triggered vW to 2880.75



The Russell has hit and breached above vW to 15970.5, which was the last longer term vW higher.
The Russell is no longer supported by intraday charts, but an estimate is a vW towards the 1625 area.
Does have a balanced target / bull flag to 1676.4 area.
Note the volume decay.



The Nasdaq has vW to 7076



Short sellers continue to get slaughtered in the Dow.



The XLF is just shy of its 30.27 Bull Flag target price



Oil has triggered vW's to 73.78 and 83.56
Watch for correlation between oil and the Dollar at their price targets of 73.78 for oil, 
and 87.445 for the Dollar 



Expecting vM to 87.445 for the Dollar



Gold has nulled vW's to the 1250-1200 area, and is close to triggering vW to 1708.3.
Needs to hold 1350 to keep 1708.3 triggered.



TLT has a composite vM to 116.77 and 115.53 that is close to being triggered.  If their target prices hit, vM to 89.50 will be triggered.
Click for Update



IBB has a vW triggered towards new highs at 130.36







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Sunday, January 21, 2018

Week ending 1/20/18

So far this year markets have launched with very small and abrupt pullbacks.  Not much has changed on other securities since the last post.



The S&P has continued higher with very small abrupt pullbacks.  
It has formed and triggered a vW to 2848.




The Russell has hit vW to 1597.20.  I don't see any longer timeframe patterns higher.  Watch correlation between this setting up and the S&P's 2848 target price.




Oil has triggered vW's to 73.78 and 83.56,
and nulled patterns to sub 40.


vM to 90.565 has hit and price traded and closed signifiv=cantly under.  
vM to 87.445 highly likely with oil possibly climbing higher.

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Sunday, December 31, 2017

Last week of 2017

ES has a vW to 2707.25
It was triggered until selling pressure came in on the last trading day of 2017.
It did form an intraday vM to 2668.75 which was hit.  
See if can bounce from here towards 2707.



The Russell hit vW 1441.00 and broke above.  
Expecting 1597 area.



The Nasdaq has continued higher after hitting long term vWs.
Has formed smaller time framed vW's.  vW is formed to 6611,
but was un-triggered after bouncing of vW target price at 6536.75



The Dow is now parabolic! The only pattern I see is a bull flag to 25320.



XLF hit vW target price at 27.50 and is now trading sideways above it, 
forming a bull flag towards 30.27 



10/13/16
The Dollar has been hitting wM's lower.  
Needs to bounce from this recent target 
area towards vW 96.285 and hold above there.  
Otherwise expecting 87.45
The Dollar has now formed and triggered a vM to 90.565, 
which will null vW to 96.285



Gold has short terms vM's lower, but price is bouncing back above their necklines.  
Needs to retake and hold 1363 area to null vM's lower, and trigger vW to 1708.3



The TLT needs to hold 115 to avoid triggering vM to 89.50



Oil has triggered vW's to 73.78 and 83.56,
and nulled patterns to sub 40.






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Sunday, October 15, 2017

Week ending 10/13/17

Stock indexes have been making all time highs.  Oil has been breaking above 50.

The S&P has short term vW triggered to 2561 after hitting longer term vW at 2545.75.  
Could see a pull back towards 2495 - 2500 area after hitting 2561.



The NASDAQ is nearing its last vW's higher.



The Russell hit vW 1441.00 and broke above.  Expecting 1597 area.



The Dow has hit all vW's higher and looks almost parabolic.  Expecting pullback towards 22630 and possibly 22490.



XLF has a vW to 27.50 that is triggered.  It also has a possible bull flag in process to 32.80 area.

The Dollar has been hitting wM's lower.  Needs to bounce from this recent target 
area towards vW 96.285 and hold above there.  
Otherwise expecting 87.45




Gold has short terms vM's lower, but price is bouncing back above their necklines.  Needs to retake and hold 1363 area to null vM's lower, and trigger vW to 1708.3



The TLT needs to hold 115 to avoid triggering vM to 89.50


Oil has been grinding higher.  Needs to hold $50 to avoid further selling towards sub $40.
Above $55 will trigger vW to $73.78 and null patterns lower.



The IBB has hit vW to 32.62.  Has been closing above that target price, so 399.16 may be on deck.




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Sunday, August 13, 2017

Week ending 8/11/17

Stock indexes fell this week after hitting target prices and making new all time highs consistently the past several weeks.  They have formed and hit short term vM target prices.  If they break the weeks lows, expecting further selling.  See if oil can retake $50.


The S&P reversed after hitting vW to 2478 and making new all time highs.  Has hit a vM at 2434.  See if can bounce from here and form a new bullish pattern.  Otherwise expecting further selling towards 2415-2400.



Nasdaq also fell after making new all time highs.  vM towards 5703.75 is triggered inside a larger vW to 6076.5 which is also triggered, however price is close to testing its neckline and will be un-triggered if vM to 5703.75 hits.



The Russell reversed after hitting vW to 1441, forming a small vM to 1351.3
It still has a larger vW to 1597 that is triggered.



The Dow reversed after making new all time highs and hitting a long term double bottom target price from the '08 crash at 22074.  It has formed and hit a vM 21844, but has yet to bounce.  It has also triggered vM to 21643

Dow weekly chart



The XLF hit vW to 25.11 and nulled a short term vM lower.  Has formed a vM to 24.46 that is triggered.



Oil has been grinding higher.  Needs to retake and hold $50 to avoid further selling towards sub $40.
Above $55 will trigger vW to $73.78



The IBB still has vW's higher that are triggered.  Has formed and triggered a vM to 294.00





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