Weekly Inter Market Analysis Nov 27-2016

See previous week Weekly Inter Market Analysis.

Original post from http://mystocksinvesting.com

 

SPY (SPDR S&P500 ETF)

SPY broke the all time high resistance at 219.31 and entered into uncharted territory. Take note that the bullish between Nov to April seasonal cycle is going to start.

  • Immediate resistance – None
  • Historical high resistance: about 219-220. (have to turn to support for SPY to move higher)
  • Resistance turned support zone: 211-213.
  • Rising Wedge immediate support: about 210.
  • 200D SMA support (trending up): about 210

spy-nov-27-2016

 

VIX

VIX dropped back to complacent zone. No fear when Santa Claus is coming to town.

vix-nov-27-2016

 

Sector Performance (SPDR Sector ETF)

  • Best Sectors: Material (XLB) +2.57% & Industrial (XLI) +2.30% respectively
  • Worst Sector: Healthcare (XLV)  -0.32%.
  • Comment: It was a very bullish week with almost all the sectors gain more than 1% except Health Care.

sector-performance-nov-27-2016

 

SUDX (S&P US Dollar Futures Index)

SUDX broke out from the Mar high resistance at about 134.45 with a shooting star candlestick pattern. SUDX has moved too high too fast and definitely need a pause or retrace before moving higher.

sudx-nov-27-2016

 

FXE (Currency Shares Euro ETF)

FXE is currently testing another critical support at about 102.94.

fxe-nov-27-2016

 

XLE (SPDR Energy Sector ETF)

XLE broke the recent multiple tops resistance and continue to trade within the up trend channel. Watch for bull run for XLE. Current chart pattern shows energy sector has bottomed up and reversed to up trend.

xle-nov-27-2016

 

USO (United States Oil Fund)

USO is currently trading within range between 11.34 and 9.83 until breakout to either direction.

uso-nov-27-2016

 

TLT (iShares 20+ Years Treasury Bond ETF)

TLT is getting near to the 118 support but the chart has not shown the sell off has stopped. Wait for the reversal and re-look at the bond market for bargain hunting. Some of the bonds can be very attractive after the recent sell off.

tlt-nov-27-2016

 

GLD (SPDR Gold Shares)

GLD broke the 115 support and continues its down trend. Next support at about 112.

gld-nov-27-2016

 

Next Week Economic Calendar

Key events:

  • ECB President Draghi speaks on Nov 28 (Monday) and Nov 20 (Wednesday)
  • OPEC Meetings Nov 30 (Wednesday)
  • Crude Oil Inventory on Dec 1 (Thursday)
  • China Manufacturing PMI on Dec 1 (Thursday)
  • US Unemployment rate  on Dec 2 (Friday)
  • ISM Manufacturing PMI on Dec 2 (Friday)

economic-calendar-nov-27-dec-3-2016

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

 

Weekly Market Summary.

iShares MSCI Emerging Market ETF (EEM): Going to rebound from the support?

iShares MSCI Emerging Market ETF (EEM) is currently testing the 200D SMA support and also the uptrend support line. This support also coincides with 61.8% Fibonacci Retracement Level. Will EEM rebound from the support?

eem-nov-20-2016

What is EEM?

The iShares MSCI Emerging Markets ETF seeks to track the investment results of an index composed of large- and mid-capitalization emerging market equities.

EEM Porfolio

eem-top-10

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.