Weekly Inter Market Analysis Dec 31-2016

  • Post author:

See previous week Weekly Inter Market Analysis.

Original post from https://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. https://mystocksinvesting.com/events/

 

Weekly Market Summary.

 

 

Continue ReadingWeekly Inter Market Analysis Dec 31-2016

Weekly Inter Market Analysis Dec 4-2016

  • Post author:

See previous week Weekly Inter Market Analysis.

Original post from https://mystocksinvesting.com

 

SPY (SPDR S&P500 ETF)

Profit taking after SPY broke the all time high resistance at 219.31 and entered into uncharted territory.  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 – 221.50
  • Immediate support: 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 211

spy-dec4-2016

 

VIX

VIX continues to stay within the complacent zone. No fear when Santa Claus is coming to town.

vix-dec4-2016

 

Sector Performance (SPDR Sector ETF)

  • Best Sectors: Energy (XLE) +2.09% due to a huge spike in Crude Oil price.
  • Worst Sector: Technology (XLK)  -2.68%.

sector-performance-dec4-2016

 

SUDX (S&P US Dollar Futures Index)

SUDX is currently facing resistance and due for a correction. SUDX has moved too high too fast and definitely need a pause or retrace before moving higher.

sudx-dec4-2016

 

FXE (Currency Shares Euro ETF)

FXE looks like finding a support at around 103 and is currently rebounding.

fxe-dec4-2016

 

XLE (SPDR Energy Sector ETF)

XLE is currently facing the previous support turned resistance, and also the uptrend channel resistance.

xle-dec4-2016

 

 

USO (United States Oil Fund)

USO rebounded from the Symmetrical Triangle support and currently testing the resistance. Expect USO to trade within the range until breakout.

uso-dec4-2016

 

TLT (iShares 20+ Years Treasury Bond ETF)

TLT is find support at 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-dec4-2016

 

GLD (SPDR Gold Shares)

GLD looks like finding support at about 112. Will it rebound from here?

gld-dec4-2016

 

Next Week Economic Calendar

Key events:

  • Crude Oil Inventory on Dec 8 (Thursday)
  • ECB Press Conference on Dec 8 (Thursday)
  • US Unemployment Claims  on Dec 8 (Thursday)

economic-calendar-dec4-dec11-2016

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

 

Weekly Market Summary.

 

 

 

 

 

Continue ReadingWeekly Inter Market Analysis Dec 4-2016

Weekly Inter Market Analysis Nov 27-2016

  • Post author:

See previous week Weekly Inter Market Analysis.

Original post from https://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. https://mystocksinvesting.com/events/

 

Weekly Market Summary.

Continue ReadingWeekly Inter Market Analysis Nov 27-2016