= 060 Daily Indicator (Trend) Review

Lawrence Stanczak Rank: 44 Followers: 16 Votes: 29 Years Member: 14 Last Update: 26 June 2017, 18:23 Categories: Trend Analysis
Market Timing
Support / Resistance Lines

Long Term: Bullish>2375; Intermediate Term Bullish>2400; Short Term Bullish>2430
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.


000 Commentary

6/23/2017 Levels to Be Aware of

2460/2464 - Monthly R2; Weekly R2
2451/2454 - Weekly R1; All-Time Closing High (6/19/17); All-Time High (6/19/17); Last Week High
2441 - Weekly PP

2438 - Last Week Close

2436/2437 - Monthly R1; 10 DMA
2428/2432 - Weekly S1; Last Week Low; 20 DMA
2418/2420 - Weekly S2; Prior Support/Resistance
2400/2405 - Round Number; 50 DMA; Weekly S3
2394 - Monthly PP
2370/2380 - Monthly S1; 100 DMA; Prior Support/Resistance
2353 - May 2017 Low
2322/2334 - Mar 2017 Low; Monthly S2; April 2017 Low; 150 DMA
2300/2304 - Round Number; Monthly S3
2287 - 200 DMA (close 6.6% above)
2270/2272 - Prior Support/Resistance; Feb 2017 Low
2239/2245 - 2016 Close; Jan 2017 Low
2205/2209 - 10% Below $SPX High; 38% Retracement of rally from Feb 2016 Low to $SPX High

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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