Daily analysis - Stock Market, Bonds, Forex and more
I'm seeing indications of weakness for the dollar in other charts so maybe we'll see a test of 94.80 for the dollar index but as long as it holds above that level it's in a strong position in the LT. … [Continue reading]
earlier in December GBPUSD reached the 30mn Support at 1.2481 … [Continue reading]
EURUSD is having a problem printing above 1.1450, the 1/2R but is being Supported by the 1.1310 level (previously a major controlling price). Time above that 1/2R would indicate strength. … [Continue reading]
USDJPY - the major controlling price recently migrated to 112.60. If chart prints below that level it is in a weak price location. … [Continue reading]
Rydex ratio falls to two year low My version of the Rydex Assets Ratio was slightly higher at 6.95. Up from 6.41 on Monday, the lowest ratio since November 2016. … [Continue reading]
lipperusfundflows reported Equity Fund (inc ETF) inflows of $5.2 Billion in the week to 26th December. The previous two weeks had a joint outflow of -$80.8 Billion which was extreme to say the least. The 4wk flow number is now at -$74.89 Billion … [Continue reading]
AAII (public poll). Bulls% was higher this week at 31.5%. Two weeks ago Bulls% fell to 20.9%, the lowest since June 2016. Bears% was also higher this week at 50.3% the highest since April 2013. The 4wm ma of nett (Bulls minus Bears) is at -15.45, the … [Continue reading]
emini futures 28th December 2018 - pre-open from Chartprofit Early in Tuesday's session there was a rejected test of the first possible Support that ES could find which was Wednesday's controlling price (dashed red line) and a strong rally followed. … [Continue reading]
emini futures 27th December 2018 - pre-open During Monday's shortened session ES printed a new low for this down trend but rallied strongly on Wednesday. As I have been writing recently, >>only the Sentiment data, which is at/reaching bearish … [Continue reading]
emini futures 24th December 2018 - pre-open from Chartprofit On Friday ES printed a new low for this down trend and Aggressive Selling (red-at-bottom) was marked again. As I have been writing recently, >>only the Sentiment data, which is … [Continue reading]