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- Last Update: 15 July 2020, 17:42
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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.
7/10/2020 Levels to Be Aware of
3386/3394 All-Time Closing High (2/19/20); All-Time High (2/19/20)
3367 Monthly R2
3280/3300 Weekly R3; Round Number
3231/3234 2019 Close; Monthly R1; Weekly R2
3200/3209 Round Number; Weekly R1
3187 Last Week High
3185 Last Week Close
3155/3163 Battleground Area; Weekly PP
3138 Weekly S1
3109/3134 20 DMA; Last Week Low; 10 DMA
3091/3100 Weekly S2; Monthly PP; Round Number
3055/3067 10% Pullback from $SPX High; Weekly S3
3024/3034 150 DMA; 200 DMA (close 5.2% above); 50 DMA (golden cross)
3000 Round Number
2966 Monthly S1
2937 62% Retracement
2900/2906 Round Number; 100 DMA (declining)
2832 Monthly S2
2793/2800 50% Retracement; Round Number
2674/2700 2017 Close; Monthly S3; Round Number
2648 38% Retracement
2600 Round Number
2500/2507 Round Number; 2018 Close
2400 Round Number
2347 Dec 2018 Low (bottom of previous correction)
2300 Round Number
2192/2200 Low for this pullback; Round Number
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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