Weekly Inter Market Analysis Sept 11-2016

Learnt about JW5IMA in PMP. I create a KL8WIMA (Kenny Loh 8 Weekly Inter Market Analysis) for my own market watch. The objective is to monitor the correlation of different asset class / sectors movement every week. Feel free to comment if there are better alternatives.

Original post from http://mystocksinvesting.com

A long awaited sell off finally came on Friday (Sept 9-2016) after 2 months of low volatility and trading in a tight range for US market. Has the correction finally came? Will the sell off continue next week?

us-indices-sept9-2016 heatmap-sept-9-2016

SPY (SPDR S&P500 ETF)

SPY gapped down and broken the support on last trading session. Next week will be crucial to see whether SPY can break the support to continue the sell off or rebound from here to continue the uptrend.

spy-sept11-2016

VIX

VIX spiked about 40% at last trading session. If VIX continues to move higher next week, tighten your seat belt!

vix-sept11-2016

SUDX (S&P US Dollar Futures Index)

SUDX is currently trading within a Symmetrical Triangle and likely to be trading in a tight range until a breakout. Wait for Yellen’s speech on the interest rate hike confirmation.

sudx-sept11-2016

FXE (Currency Shares Euro ETF)

Down trend has stopped for FXE. FXE is curently trading sideway and range bound. Wait for Yellen’s speech on the interest rate hike confirmation before we can see the next big move.

fxe-sept11-2016

XLE (SPDR Energy Sector ETF)

XLE came out from the down trend channel and currently looks like reversing to the uptrend. Crude Oil has bottomed up?

xle-sept11-2016

USO (United States Oil Fund)

USO is currently trading in a Symmetrical Triangle. Keep an eye on the next move when USO is trading closer to the apex of the triangle.

uso-sept11-2016

TLT (iShares 20+ Years Treasury Bond ETF)

SPY sold off, TLT sold off together? US Equity and Bond Market are moving in the same direction at the moment. This is not normal. Will the “Sell equity and move to bond in the bear market” strategy work moving forward? Base on the current equity and bond “synchronized movement”,  we may need to watch this space very closely and rethink our portfolio re-balancing strategy.

tlt-sept11-2016

GLD (SPDR Gold Shares)

Gold is currently trading in a consolidation (Rectangle pattern) and still on uptrend.  Expect GLD to move to 141.19 (161.8% Fibonacci Retracement Level) as long as the uptrend support holds. Can GLD be the safe harbor if Equity & Bond market sell off?

gld-sept11-2016

Next Week Economic Calendar

economic-calandar-sept11-sept17-2016

iShares Silver ETF (SLV): In Retracement Mode

iShares Silver ETF (SLV) has been on very bullish mode for these two months after breaking out from the Inverted Head and Shoulders (trend reversal pattern) and retested the neckline (illustration in green). SLV is expected to retrace into consolidation mode after reaching the 161.8% Fibonacci Expansion Level. Currently SLV is just sitting above 20D SMA support. Next critical support is at $17.00 (in blue).SLV July23-2016

SLV is currently on bullish uptrend. By looking at the current trend and long term chart, can you spot any investment opportunity? Happy Hunting!

Original post from http://mystocksinvesting.com

SLV July23-2016 (long term)

Gold is Cheap! Is it the right time to buy Gold?

Gold has dropped a lot and getting near to the 5 years low. Gold is getting very attractive at the current level for many gold lovers, and many investors are tempted to buy gold at this level. However, technically speaking base on the chart, there may be more down side coming after the Gold (GLD) has broken the significant support at $115. GLD is trading in a confirmed down trend.

GLD Nov7-2014 (5 Year)GLD Nov7-2014

Currently GLD is rebounding from the low of $109 but $115 will serve as a Support Turned Resistance. If GLD is unable to break this resistance, the price target will be $106 base on 161.8% Fibonacci Expansion.

Original Post by Marubozu My Stocks Investing Journey