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Categories:Trend Analysis
Market Timing
Support / Resistance Lines
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%27s. 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 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.
2/26/2021 Levels to Be Aware of
3929/3950 Last Week High; Monthly R1; All-Time Closing High (2/12/21); All-Time High (2/16/21)
3894/3900 10 DMA (declining); Weekly R1; Round Number
3870/3875 Prior Breakout (3870); 20 DMA
3829/3843 Monthly PP; Weekly PP
3811 Last Week Close
3790/3808 Last Week Low; Round Number; 50 DMA
3756/3758 2020 Close; Weekly S1
3700/3708 Round Number; Weekly S2; Monthly S1
3645/3666 Breakout (3645); 100 DMA
3600/3618 Round Number; Monthly S2; Weekly S3
3555/3580 10% Pullback from $SPX High; 150 DMA; Breakout (3580)
3483/3500 Monthly S3; Round Number
3400/3448 Round Number; 200 DMA (close 10.5% above)
3300/3330 Round Number; Battleground (3330)
3231/3282 2019 Close; Battleground (3235); 62% Retracement
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.
Gold Miners (GDX) often lead Gold (GLD)
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