Weekly Inter Market Analysis Dec 31-2016

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.

 

 

Good News in Singapore if you are Holding Aussie Dollar

AUD / SGD has started an up trend after finding a bottom at 0.98282. There are a lot of rooms for AUD to move up against SGD.

  • Good news if you are holding Aussie Dollar.
  • Good news if you are holding any investment in Australia.
  • Bad news if you have children study in Australia.
  • Bad news if you want to travel to Australia for holiday.

aud-sgd-nov-5-2016

The AUD/SGD trend reversal may be telling something:

  • Commodity has bottomed up
  • China economy has bottomed up and recovering. China Manufacturing PMI is on expansion mode now and the trend is up.

 


source: tradingeconomics.com

Summary: Opportunities for investment if you know how to spot them!

 

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

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