= 060 Daily Indicator (Trend) Review

Larry Stanczak Rank: 47 Followers: 14 Votes: 35 Years Member: 14 Last Update: 16 October 2017, 9:57 Categories: Trend Analysis
Market Timing
Support / Resistance Lines

Long Term: Bullish>2465; Intermediate Term Bullish>2520; Short Term Bullish>2540
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

10/13/2017 Levels to Be Aware of

2560/2568 ? Weekly R1; Weekly R2; Monthly R2
2555/2558 ? All-Time Closing High (10/11/17); All-Time High (10/13/17); Last Week High

2553 ? Last Week Close

2551 ? Weekly PP
2542/2546 ? Last Week Low; Weekly S1; Monthly R1; 10 DMA
2525/2535 ? 20 DMA; Weekly S3; Weekly S2
2519/2520 ? Low of both three and two weeks ago
2495/2500 ? Monthly PP; Round Number
2480/2488 ? Prior Support/Resistance; 50 DMA
2465/2471 ? 100 DMA; Monthly S1
2433/2447 ? 150 DMA; Sep 2017 Low
2417/2422 ? Aug 2017 Low; Monthly S2; Prior Support/Resistance
2398/2408 ? Monthly S3; Round Number; 200 DMA (close 6.2% above); Jun 17 Low; Jul 17 Low
2380 - Prior Support/Resistance
2353 ? May 17 Low
2322/2329 ? Mar 17 Low; Apr 17 Low;
2300 ? Round Number; 10% below $SPX High
2272/2280 - 38% Retracement of rally from Feb 2016 Low to $SPX High; Feb 2017 Low; Prior Support/Resistance

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

Gold Miners (GDX) often lead Gold (GLD)

148 COPPER, USD (SPX) Daily

150 Commodities/Gold Ratio Daily

202 USD, CRB (SPX) Daily

232 Risk Currencies/Yen Ratio Daily

310 SPY:TLT (SPY) Ratio Weekly

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