Weekly trends
OIL
Buy 12/24/2009
USO 38.20 stop 35.22
Pullback in a weekly uptrend. Buy signal remains on a slippery slope.
Dollar Index
Sell 1/15/2010 USD 77.36 stop 78.78 - Stopped out.
My system is neutral on dollar right now. It remains on a A-B-C countertrend rally with an uncompleted wave C.
Gold
Buy 1/8/2010 GLD 111.37 stop 105.30 - Stopped out
Bonds
10 year yields on a buy signal since 11/30
It's now in a retracement in an uptrend
Disclaimer: All signals are experimental and for entertainment purposes only.
SPX
SPX violated the dubai panic lows of SPX 1083 which i mentioned last week, now putting it in a intermediate term sell. The next logical test would be the support at the weekly pivot of SPX 1030.
SPX is now in a weekly buy, daily sell and hourly sell. The key bull-bear pivot is now SPX 1100.22. All bounces below SPX 1100.22 should be used to sell short. The selloff will likely end in a selling climax in the coming week.
Good Luck !
Friday, January 29, 2010
Sunday, January 24, 2010
Weekly trends - 1/22/2009
Weekly trends
OIL
Buy 12/24/2009
USO 38.20 stop 35.22
Pullback in a weekly uptrend. But, remains on a buy signal.
Dollar Index
Sell 1/15/2010 USD 77.36 stop 78.78 - Stopped out.
The sell signal on Dollar got violated this week by a break above 78.77. I still beleive this week's dollar surge was a wave c of an a-b-c correction, rather than a beginning of a major leg higher. My system is neutral on dollar right now.
Gold
Buy 1/8/2010
GLD 111.37 stop 105.30
No change from last week. But the buy signal is on a very slippery slope right now.
Bonds
10 year yields on a buy signal since 11/30
It's now in a retracement in an uptrend
Disclaimer: All signals are experimental and for entertainment purposes only.
SPX
The dollar surge last week unleashed some violence in many markets. SPX failed to acheive the measured move objective at SPX 1165. 1150 was all she wrote. Violation of SPX 1131 pivot was a close-all-longs signal. Since the SPX has broken the 1131 pivot, the selloff has been very steep without generating any continuation sell or even counter-trend buy signals on the hourly charts. The Key 20-week low pivot at 1085 held this week. If it holds and we generate a buy signal next week, then the ST selloff is over. If SPX 1085 cracks for any reason even by a tick, then the selloff will morph into an intermediate sell, with the next support coming at the weekly pivot at SPX 1030. The coming week should provide more clues....
OIL
Buy 12/24/2009
USO 38.20 stop 35.22
Pullback in a weekly uptrend. But, remains on a buy signal.
Dollar Index
Sell 1/15/2010 USD 77.36 stop 78.78 - Stopped out.
The sell signal on Dollar got violated this week by a break above 78.77. I still beleive this week's dollar surge was a wave c of an a-b-c correction, rather than a beginning of a major leg higher. My system is neutral on dollar right now.
Gold
Buy 1/8/2010
GLD 111.37 stop 105.30
No change from last week. But the buy signal is on a very slippery slope right now.
Bonds
10 year yields on a buy signal since 11/30
It's now in a retracement in an uptrend
Disclaimer: All signals are experimental and for entertainment purposes only.
SPX
The dollar surge last week unleashed some violence in many markets. SPX failed to acheive the measured move objective at SPX 1165. 1150 was all she wrote. Violation of SPX 1131 pivot was a close-all-longs signal. Since the SPX has broken the 1131 pivot, the selloff has been very steep without generating any continuation sell or even counter-trend buy signals on the hourly charts. The Key 20-week low pivot at 1085 held this week. If it holds and we generate a buy signal next week, then the ST selloff is over. If SPX 1085 cracks for any reason even by a tick, then the selloff will morph into an intermediate sell, with the next support coming at the weekly pivot at SPX 1030. The coming week should provide more clues....
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