Weekly Inter Market Analysis Nov 20-2016

See previous week Weekly Inter Market Analysis.

Original post from http://mystocksinvesting.com

SPY (SPDR S&P500 ETF)

SPY is getting near to the resistance of the historical high. All eyes to see whether this resistance can be broken for the new high of 219.31. Take note that the bullish between Nov to April seasonal cycle is going to start.

  • Historical high resistance: about 219-220.
  • Resistance turned support zone: 211-213.
  • Rising Wedge immediate support: about 210.
  • 200D SMA support (trending up): about 210

spy-nov-20-2016

 

VIX

VIX dropped back to complacent zone. No fear!

vix-nov-20-2016

 

Sector Performance (SPDR Sector ETF)

  • Best Sectors: Energy (XLE) +2.40% & Financial (XLF^) +2.26% respectively
  • Worst Sector: Healthcare (XLV)  -1.12% and Consumer Staples (XLP) -0.08%
  • Comment: This is RISK ON combination of aggressive sectors like Financial, Industrial & Technolgy show bullishness but defensive sectors like Utilities, Healthcare and Consumer Staples are lagging.

sector-performance-nov20-2016

 

SUDX (S&P US Dollar Futures Index)

SUDX broke out from the uptrend channel and is currently testing Mar high of about 134.45 with a shooting star candlestick pattern. It may retrace if next candle is a long bearish candle.

sudx-nov-20-2016

 

FXE (Currency Shares Euro ETF)

FXE broke the support zone and continued the sell off. Currently FXE is testing another critical support at about 102.94.

fxe-nov-20-2016

 

XLE (SPDR Energy Sector ETF)

Although XLE is still trading within the up trend channel, XLE is forming a multiple tops. Keep an eye on the current channel support and 200D SMA support. Breaking these supports will turn XLE into bearish mode. If XLE breaks the current resistance level, expect a strong bull run for XLE.

xle-nov-20-2016

 

USO (United States Oil Fund)

USO rebounded from 9.83 support. Expect USO to trade within range between 11.34 and 9.83 until breakout to either direction.

uso-nov-20-2016

 

TLT (iShares 20+ Years Treasury Bond ETF)

TLT broke down from a Falling Wedge. Huge sell off in Treasury Bond continues. Next support at about 118. Now Equity and Bond is the “normal” inversion relationship again. Equity rallies, bond sells off –> This is a RISK ON scenario.

tlt-nov-20-2016

 

GLD (SPDR Gold Shares)

GLD is currently testing 115 support. This is also the 50% Fibonacci Retracement Level. Take note GLD is on down trend after forming a “Lower Low, Lower High” Bearish chart pattern.

gld-nov-20-2016

 

Next Week Economic Calendar

Key events:

  • ECB President Draghi speaks on Nov 22 (Tuesday)
  • Crude Oil Inventory on Nov 24 (Thursday)
  • US Unemployment Claim  on Nov 23 (Wednesday)
  • FOMC Meeting Minutes on Nov 24 (Thursday)

economic-calendar-nov-20-nov-26-2016

See upcoming Events here. http://mystocksinvesting.com/events/

 

Weekly Market Summary.

 

Global Stock Market Indices PE Ratio At a Glance (19 Nov 2016)

  • US: Dow Jones Industrial, S&P500, NASDAQ, Russell 2000
  • Europe: FTSE100, CAC40, DAX
  • Asia: KLCI, STI, HangSeng, ASX200, CSI 300, JCI, SET, KOSPI, NIKKEI 225, SENSEX, TWSE, NZX50, PSEi
  • Best Performer: Japan Nikkei 225 up for 4.56% with PE Ratio of 23.36.
  • Singapore STI has the PE ratio of 11.99 compare to the rest of the world in the following table.
  • Russia MICES has the lowest PE ratio of 8.28 in the tracking table.
  • Added Emerging Market Stock Market Indices: Mexico MEX IPC, Brazil IBX, Argentina MAR, Russia MICEX.

stock-market-key-indices-pe-ratio-nov19-2016

  •  PE  = Price Per Earning

See Oct-2016 Global Stock Market PE Ratio here.

shiller-pe-ratio-nov19-2016

 

Original post from http://mystocksinvesting.com

See other event here. http://mystocksinvesting.com/events/

Weekly Inter Market Analysis Nov 12-2016

See previous week Weekly Inter Market Analysis.

Original post from http://mystocksinvesting.com

SPY (SPDR S&P500 ETF)

SPY rebounded from the 200D SMA support strongly after Donald Trump won the US Presidential Election. The strong caught everyone by surprise! SPY is technically bullish but currently facing the resistance at 217.

  • Resistance turned support zone: 211-213.
  • Rising Wedge immediate support: about 210.
  • 200D SMA support: about 209

spy-nov13-2016

 

VIX

VIX spiked to 22.5 but immediately falled below 15 after Donald Trump is elected as US President.

vix-nov-13-2016

 

Sector Performance (SPDR Sector ETF)

  • Best Sectors: Financial (XLF & XLFS) > 11% respectively, followed by Industrial (XLI) +8.11%
  • Worst Sector: Utilities (XLU)  -4.00% and Consumer Staples (XLP) -2.07%
  • Comment: This is RISK ON combination of aggressive sectors like Financial & Industrial show bullishness but defensive sectors like Utilities and Consumer Staples are lagging.

sector-performance-nov-13-2016

 

SUDX (S&P US Dollar Futures Index)

SUDX is currently rebounded from the support around 127-128 and currently trading in an uptrend channel. US Dollar Index is on uptrend mode.

sudx-nov13-2016

 

FXE (Currency Shares Euro ETF)

FXE sold off after reaching the previous wedge support turned resistance. Currently FXE is testing an important support zone. Watch for rebound else sell off continues.

fxee-nov-13-2016

 

XLE (SPDR Energy Sector ETF)

Although XLE is still trading within the up trend channel, XLE is forming a multiple tops. Keep an eye on the current channel support and 200D SMA support. Breaking these supports will turn XLE into bearish mode.

xle-nov-13-2016

 

 

USO (United States Oil Fund)

USO is still testing the critical horizontal support and also the symmetrical triangle support. Wait for bullish candle for reversal confirmation rebound from this support level. The next support is at $9.00 if the current support is broken.

uso-nov-13-2016

 

TLT (iShares 20+ Years Treasury Bond ETF)

TLT broke down from a Falling Wedge. Huge sell off in Treasury Bond continues.

Read what is happening here:

Bond funds lost $18 billion in value during this week’s Trump-inspired selloff

Now Equity and Bond is the “normal” inversion relationship again. Equity rallies, bond sells off –> This is a RISK ON scenario.

tlt-nov-13-2016

bond-sell-off-nov13-2016

 

GLD (SPDR Gold Shares)

GLD broke the support at 120 and heading towards the next critical support at 115 (50% Fibonacci Retracement Level). GLD is technically bearish and trading below 200D SMA. Watch the turning sign of 200D SMA slop.

gld-nov-13-2016

 

Next Week Economic Calendar

Key events:

  • ECB President Draghi speaks on Nov 15 (Tuesday)
  • Crude Oil Inventory on Nov 17 (Thursday)
  • US Unemployment Claim  on Nov 17 (Thursday)
  • Fed Chair Yellen Testifies on Nov 18 (Friday)
  • ECB President Draghi speaks on Nov 18 (Friday)

economic-calendar-nov12-nov19-2016

See upcoming Events here. http://mystocksinvesting.com/events/