Jan 16

Weekly Inter Market Analysis Jan 15-2017

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See previous week Weekly Inter Market Analysis.

Original post from http://mystocksinvesting.com

SPY (SPDR S&P500 ETF)

SPY is trading within a very tight range between the all time high resistance of 227.75 resistance and immediate support at 223.  Probably will see the breakout this week after Donald Trump inauguration as US President.

  • Immediate resistance at 227.75
  • Immediate support: about 223
  • Previous resistance turned support zone: about 219-220.
  • 200D SMA support (trending up): about 214

VIX

VIX continues to stay within the complacent zone at 14.0. No fear entering into 2017. The inauguration of Donald Trump as the 45th President of the United States will be held on Friday, January 20, 2017. Let’s see whether the market is worried about what he is going to say, and prepared for the shock!

 

Sector Performance (SPDR Sector ETF)

  • Best Sectors: Consumer Discretionary (XLY) +0.77%
  • Worst Sector: Real Estate (XLRE) -2.26%

 

SUDX (S&P US Dollar Futures Index)

SUDX retraced from resistance at about 138 and currently testing the uptrend support (in green). Let see whether SUDX will rebound from this level or continue to move down. The trend remains up for US Dollar.

FXE (Currency Shares Euro ETF)

FXE is still testing the channel resistance and also the support turned resistance level (horizontal red line) at about 102.88. Expect more down ward pressure for FXE if rejected at this resistance.

 

XLE (SPDR Energy Sector ETF)

XLE is currently retracing to test the support at 74.87. Breaking this support will probably send XLE to the next support level of 71.84.

 

USO (United States Oil Fund)

USO is currently facing the rectangle resistance zone. USO is still trading side way until a more convincing breakout. Opportunity for bullish trade when USO breaks out upward from this consolidation range.

 

TLT (iShares 20+ Years Treasury Bond ETF)

TLT is finding support at 117-118 and is current rebounding. Next resistance zone about 127-128 at 38.2% Fibonacci Retracement level and also the previous support turned resistance. The trend remains down for TLT.

 

GLD (SPDR Gold Shares)

GLD is getting near to the next resistance zone about 115-116 at 38.2% Fibonacci Retracement level and also the previous support turned resistance. Watch out for the reversal patterns. The trend remains down for GLD.

Next Week Economic Calendar

Key events:

  • ECB Press Conference on Jan 19 (Thursday)
  • Janet Yellen speaks on Jan 19 (Thursday) and Jan 20 (Friday)
  • Crude Oil Inventories on Jan 20 (Friday)

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

 

Weekly Market Summary.

 

 

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Jan 08

Weekly Inter Market Analysis Jan 8-2017

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See previous week Weekly Inter Market Analysis.

Original post from http://mystocksinvesting.com

SPY (SPDR S&P500 ETF)

Profit taking after SPY reached the all time high of 227.75 entering into 2017.  SPY immediately rebounded after a small retracement back to 223 support. A healthy retracement is needed for SPY to move higher. Take note that bullish seasonal cycle between Nov to April.

  • Immediate resistance – 227.75
  • Immediate support: about 223
  • Previous resistance turned support zone: about 219-220.
  • 200D SMA support (trending up): about 214

 

VIX

VIX continues to stay within the complacent zone at 14.0. No fear entering into 2017. The inauguration of Donald Trump as the 45th President of the United States will be held on Friday, January 20, 2017. Let’s see whether the market is worried about what he is going to say, and prepared for the shock!

 

Sector Performance (SPDR Sector ETF)

  • Best Sectors: Healthcare (XLV) +2.92%
  • Worst Sector: Nil

 

SUDX (S&P US Dollar Futures Index)

SUDX is currently facing resistance at about 138 and currently take a breather. The trend remains up for US Dollar.

 

FXE (Currency Shares Euro ETF)

FXE rebounded from the support at around 100.65 but is still trading within a down trend channel.  FXE is currently testing the channel resistance and also the support turned resistance level (horizontal red line) at about 102.88. Expect more down ward pressure for FXE if rejected at this resistance.

 

XLE (SPDR Energy Sector ETF)

XLE is currently retracing and forming a Bullish Pennant after hitting the recent high of 78.34. If XLE can find the support at 74.87 or 71.84, the bull has strength to move XLE higher.

 

 

USO (United States Oil Fund)

USO is currently facing the rectangle resistance zone. USO is still trading side way until a more convincing breakout. Opportunity for bullish trade when USO breaks out upward from this consolidation range.

 

TLT (iShares 20+ Years Treasury Bond ETF)

TLT is finding support at 117-118 and is current rebounding. Fibonacci Retracement level is redrawn to find next potential resistance. Next resistance zone about 127-128 at 38.2% Fibonacci Retracement level and also the previous support turned resistance. The trend remains down for TLT.

 

 

GLD (SPDR Gold Shares)

GLD is rebounding from the support at about 107 after the huge sell off. Fibonacci Retracement level is redrawn to find next potential resistance. Next resistance zone about 115-116 at 38.2% Fibonacci Retracement level and also the previous support turned resistance. The trend remains down for GLD.

Read the article on Ringing in the New Year with a Bullish Case for Gold here.

Next Week Economic Calendar

Key events:

  • Crude Oil Inventories on Jan 12 (Thursday)
  • Janet Yellen speaks on Jan 13 (Friday)

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

 

Weekly Market Summary.

 

 

 

 

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Dec 31

Weekly Inter Market Analysis Dec 31-2016

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See previous week Weekly Inter Market Analysis.

Original post from http://mystocksinvesting.com

 

SPY (SPDR S&P500 ETF)

Profit taking after SPY reached the all time high of 227.75 entering into 2017.  A healthy retracement is needed for SPY to move higher. Take note that the bullish between Nov to April seasonal cycle is going to start.

  • Immediate resistance – 227.75
  • Immediate support: about 219-220. (have to turn to support for SPY to move higher)
  • Resistance turned support zone: 211-213.
  • 200D SMA support (trending up): about 213.5

spy-dec-31-2016

 

VIX

VIX continues to stay within the complacent zone at 14.0. No fear entering into 2017.

vix-dec-31-2016

 

Sector Performance (SPDR Sector ETF)

  • Best Sectors: Real Estate (XLRE) +1.38%
  • Worst Sector: Financial (XLF)  -1.44%.

sector-performance-dec31-2016

 

SUDX (S&P US Dollar Futures Index)

SUDX is currently facing resistance at about 138 and currently take a breather. The trend remains up for US Dollar.

sudx-dec-31-2016

 

FXE (Currency Shares Euro ETF)

FXE rebounded from the support at around 100.65 but is still trading within a down trend channel.  A Shooting Star candlestick is formed at the down trend channel resistance, a potential reversal in the coming weeks.

fxe-dec-31-2016

 

XLE (SPDR Energy Sector ETF)

XLE is currently retracing after hitting the recent high of 78.34. If XLE can find the support at 74.87 or 71.84, the bull has strength to move XLE higher.

 

xle-dec-31-2016

 

USO (United States Oil Fund)

USO is currently facing the rectangle resistance zone. USO is still trading side way until a more convincing breakout.

uso-dec-31-2016

TLT (iShares 20+ Years Treasury Bond ETF)

TLT is finding support at 117-118. 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-dec-31-2016

 

GLD (SPDR Gold Shares)

GLD is rebounding from the support at about 107 after the huge sell off. Will it rebound strongly from here entering into 2017?

gld-dec-31-2016

 

Next Week Economic Calendar

Key events:

  • China Manufacturing PMI on Jan 1 (Sunday). Take note that China Manufacturing PMI has been in expansion mode for 3 months continuously.
  • US Manufacturing PMI on Jan 4 (Wednesday).
  • FOMC Meeting Minutes on Jan 5 (Wednesday)
  • Crude Oil Inventories on Jan 6 (Friday)
  • US Unemployment Rate on Jan 6 (Friday)

economic-calendar-jan-1-2017-to-jan-7-2017

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

 

Weekly Market Summary.

 

 

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