= 060 Daily Indicator (Trend) Review

Lawrence Stanczak Rank: 49 Followers: 15 Votes: 27 Years Member: 13 Last Update: 28 March 2017, 18:18 Categories: Trend Analysis
Market Timing
Support / Resistance Lines

Long Term: Bullish>2330; Intermediate Term Neutral<2380; Short Term Bearish<2360
The purpose of this list is to assess market trend and risk using Intermarket analysis of Commodities; Currencies; Bonds; and Stocks as well as Risk Appetite (VIX, CPC, Rato Studies, etc) and Foreign Markets. Nomenclature: Intermediate Trend (IT): 3 or more Months; Short Term (ST) generally 3 days to 3 weeks.

Version 2 has some added charts and has been restructured to make it easier to navigate to only those studies of interest. The series from 000 to 400 are relationship studies and 500 to 700 are candlestick charts of major indexes and ETF's. 000 - Commentary & Macro view; 100 - Commodities; 200 - Currencies; 300 - Bonds; 400 - Stocks; 500 - Candle Charts for Commodities, Currencies and Bonds; 600 - Domestic Stock Indexes; 700 - Foreign Stock ETFs.

How I use it: I review the entire series before the open and after the close. Once acquainted with the relationships in play I keep an eye on the candle components using the summary view during the trading day.

The purpose of this list is to make macro level calls I may cite trades I have put on or am considering as examples. These are not recommendations as that engenders a different series of charts and analysis.
I welcome all feedback, questions and recommendations. I am very open minded and enjoy the discourse as it helps me continually improve this list and my analysis.

Less

000 Commentary

3/24/2017 Levels to Be Aware of

2400/2401 - Round Number; Monthly R1; Weekly R2; All-Time High (3/1/17)
2396 - All-Time Closing High (3/1/17)
2382 - Last Week High
2364/2372 - 10 and 20 DMA (both declining); Weekly R1
2354 - Weekly PP

2344 - Last Week Close

2331/2336 - 50 DMA; Monthly PP; Last Week Low

2326 - Weekly S1
2300/2308 - Round Number; Monthly S1; Weekly S2
2280 - Weekly S3
2270/2272 - Prior Support/Resistance; Feb Low; 100 DMA
2245 - Jan 17 Low
2236/2239 - Monthly S2; 2016 Close
2228 - 150 DMA
2200/2208 - Round Number; Monthly S3; 200 DMA (close 1.6% above)
2187 - Dec 16 Low
2160 - 10% Below $SPX High
2100 - Round Number
2044/2055 - 2015 Close; Prior Support/Resistance
1999/2000 - 38% Retracement of rally from Nov 2012 Low to $SPX High; Round Number
1980 - Prior Support/Resistance
1900 - Round Number
1867 - 2015 Low
1872 - 50 % Retracement of Rally from Nov 2012 Low to $SPX High
1810 - 2016 Low
1800 - Round Number

010 Correlations: TNX, SPX, CRB, USD Daily

Intermarket Relationships
- US Dollar and Commodities trend in opposite directions
- Bond prices and Commodities trend in opposite directions
- Bond prices and Stocks are inversely correlated
- Bond Yields and Stocks trend in the same direction
- Stocks and Commodities are correlated
At tops, the typical rotation is Bond Yields peak first, Stocks second and commodities last. This order is less reliable at bottoms.

112 CRB, SPX Daily

131 WTIC, USD (SPX) Daily

141 GOLD (GDX) Daily

150 Industrial Commodities/Gold Ratio Daily

151 COPPER, USD (SPX) Daily

202 USD, CRB (SPX) Daily

232 Risk Currencies/Yen Ratio Daily

310 SPY:TLT (SPY) Ratio Weekly

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