= 060 Daily Indicator (Trend) Review

Lawrence Stanczak Rank: 44 Followers: 16 Votes: 33 Years Member: 14 Last Update: 23 May 2017, 6:36 Categories: Trend Analysis
Market Timing
Support / Resistance Lines

Long Term: Bullish>2370; Intermediate Term Bullish>2380; Short Term Neutral<2400
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

5/19/2017 Levels to Be Aware of

2406/2412 - All-Time High (5/16/17); Last Week High; Weekly R1; Monthly R1
2400/2402 - Round Number; All-Time Closing High (5/15/17)
2388/2389 - 20 DMA; 10 DMA (declining)

2382 - Last Week Close

2380 - Weekly PP; Prior Support/Resistance
2370 - Monthly PP; 50 DMA
2353/2354 - Last Week Low; Weekly S1
2339/2343 - 100 DMA; Monthly S1
2322/2329 - Mar 17 Low; Weekly S2; Apr 17 Low
2300/2301 - Round Number; Monthly S2; Weekly S3
2288 - 150 DMA
2270/2274 - Prior Support/Resistance; Feb 17 Low; Monthly S3
2257 - 200 DMA (close 5.5% above)
2239/2245 - 2016 Close; Jan 2017 Low
2200 - Round Number
2187 - Dec 2016 Low
2165 - 10% Below $SPX High
2100 - Round Number
2044/2055 - 2015 Close; Prior Support/Resistance
2000/2002 - Round Number; 38% Retracement of rally from Nov 2012 Low to $SPX High
1980 - Prior Support/Resistance
1900 - Round Number
1867 - 2015 Low
1875 - 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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