10/5/15

Markets continued rallying with the Russel leading the way.  Expecting FOMC announcement levels to be resistance.  Oil broke above $46.

/ES filled gaps and looks like on the way to 2009.75.  Expecting resistance therefrom FOMC announcement where it shot up, but was heavily rejected.

/TF

Bonds testing 10 and 50 ma crossover.

Oil above $46 and 10 and 50 ma's

IBB didn't participate

XLF

10/2/15

Stock futures got hammered on the jobs number at 0730, but were able to make an impressive rebound finishing the day higher.  Bonds shot up on the news, but only gave half of it back.  Gold launched and held, while the Dollar fell and only gained a bit more than half of it back.  The major indexes have triggered vW's to levels just below the Fed announcement on 9\17, where stocks shot up on no rate hike, only to be rejected.

/ES has vW to 2009.75 triggered, returning to the levels of the Fed announcement. 

/TF has 30 min and 1 hr bullish convergence.  vM to 1154.5 triggered.

Nasdaq triggered vW to 4406.75

Dow

Nikkei

The Dollar

Bonds rallied on the jobs report breaching the 200ma and hitting vM target price at 162'23. but has so far gave back about half the gain.

Gold jumped on the jobs report and held.  It's sitting just below vW neckline to 1186.8

Oil

Copper

XLF rebounded from the open, but didn't tack on gains like the majors did.

IBB has vW to 328.92 triggered.

10/1/15

/ES has 1 hr bullish MACD convergence.

Oil has daily bullish MACD convergence.

IBB

9/30/15

Markets rallied across the Globe.  

/ES rallied off yesterdays lows.  Expecting 1967.25 as long as hold yesterdays low at 1861

1113 on the radar for the Russell

The Nasdaq lead the rally.

Dow

IBB

XLF

Nikkei testing 10ma.

The Dollar is above its 10ma and testing its 50ma.

Bonds

Gold

Oil

Copper gapped up.  Needs to hold 2.2235

9/29/15

Markets had a volatile session with the Russell leading the way.  The session started with a rally, IBB was up over 3%,  but it couldn't be maintained.  Indexes and the IBB then fell over 1% but closed of their lows.  Asia was down heavily with the Nikkei down over 4% .  Europe closed down as well.

/ES has 10 and 30 minute bullish MACD convergence and could be forming a double bottom towards 2015.  However it will have some tough levels to get through... the LVN at the 1890 area, the double bottom breakout point at 1942.5,  the gaps at 1960.76 and 1975.25, and then 2000-2020.  If /ES makes new lows from here, expecting much lower.

The Russell also has bullish MACD  convergence.

The Nasdaq hasn't hit its nearest vM price targets..  It also has the bullish MACD convergence.

/YM also short term bullish MACD

The Nikkei fell over 4%, dragging the 50ma below the 200ma(death cross).  Hourly MACD looks like could be heading towards zero, but there is no convergence with price.

The Dollar is still trading between converging ma's

Bonds still looking bullish.

Gold has 30 min and 1 hr bearish divergence.  Daily and Weekly has MACD bullish convergence

Oil still sitting around $45.

XLF 

IBB rallied over 3% in the a.m., then reversed down over 1%.  It closed off the lows.

9/28/15 - IWM, SPY's, AAPL, WBA, DDD

Bonds rallied while U.S. markets were down heavily, along with Europe, metals, and oil.  The dollar was down also, but just fractionally.  IBB led the way again closing down over 6%.  China and Hong Kong were able to reverse at the end of their trading day and closed up slightly. S&P and the Russell have fallen to vM target prices.  Markets need these levels need to hold, and reverse from here to avoid testing crash levels, and likely lower!  Unfortunately the Nasdaq and Dow still have room to go towards vM's lower.  See if S&P and Russell can pull them up.  September 9th's high at 2011.75 is current Bull v.s. Bear line, and any rally will be suspect until that is breached..

/ES fell 1 tick above vM to 1869.5.  Needs to hold this level to avoid testing crash levels and likely lower.  vM to 1817 is triggered.  Needs close above 2011.75 to null.

The SPY hit vM 188.21, see if can hold here, if not 180.46 on the radar.  Below 187 triggers vM to 157.02

SPY Long Term

UPRO

SPXU

/TF fell hitting vM target price at 1088.7, triggering a vM to 1061.2.  !!!NOTE!!!The Russell's ETF., the IWM made new lows v.s. the futures, breaching the crash levels on 8\24.  None of the other index ETF's did that.

IWM

Nasdaq fell through vM to 4149.25...looks headed to 4027.25

The DOW appears to have more downside towards 15692, if that doesn't hold, 15388.  Will need bullish price action from S&P and Russell to hold it up.

IBB fell over 6% through vM 296.41.  August 24 lows are 284.16, it is sitting at 290.61

XLF hourly MACD below zero.  vM to 21.06 triggered.

The Nikkei hasn't closed below 8\24 lows, but it has dipped below them.  A close below 17170 will null vW's to new highs.

The Dollar is still trading in between converging ma's.

Bonds look headed to 162 area.

Gold still holding above 10ma.

Oil needs 1hr MACD to be above zero.  10ma currently above 50ma.

Copper nearing 8/24 lows.

AAPL needs 111.10 to hold to avoid selling towards vM 105.85

DDD getting hit lately.  Needs to hold $11 which is 8\24 lows.

WBA has vM to 68.13 which looks like a good entry for a run towards vW 111.42(63.5%).  Would look to stop if breaks below 66.10(3.07%)