= 060 Daily Indicator (Trend) Review

Lawrence Stanczak Rank: 44 Followers: 17 Votes: 48 Years Member: 14 Last Update: 19 August 2017, 16:15 Categories: Trend Analysis
Market Timing
Support / Resistance Lines

Long Term: Bullish>2405; Intermediate Term Neutral<2450; Short Term Bearish<2450
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

8/18/2017 Levels to Be Aware of

2495/2500 - Weekly R2; Monthly R1; Round Number
2491 - All-Time High (8/8/17)
2481 - All-Time Closing High (8/7/17)
2475 - Last Week High
2465 - 20 DMA (declining)
2454/2460 - Monthly PP; 10 DMA (declining); Weekly R1
2450 - 50 DMA
2440 - Weekly PP

2426 - Last Week Close

2417/2424 - 100 DMA; Last Week Low; Monthly S1
2400/2408 - Round Nuber; Monthly S1; Jun 2017 Low; Jul 2017 Low
2386/2389 - Weekly S2; 150 DMA
2378/2380 - Monthly S2; Prior Support/Resistance
2347/2353 - 200 DMA (close 3.4% above); Monthly S3; Monthly S2; May 2017 Low
2322/2329 - Mar 17 Low; Apr 17 Low;
2300 - Round Number
2270/2272 - Prior Support/Resistance; Feb 2017 Low
2239/2245 - 2016 Close; Jan 2017 Low
2232/2235 - 38% Retracement of rally from Feb 2016 Low to $SPX High; 10% Below $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

148 COPPER, USD (SPX) Daily

150 Industrial 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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