Index Futures, Forex Reports 19th July 08


Weekly Index & Forex Reports out now...


Australian Index (SPI) Futures

http://austindex.blogspot.com/

DOW and S&P Index Futures

http://usindexweekly.blogspot.com/


EUR/USD, AUD/USD. GBP/USD

http://www.forexspread.blogspot.com/


Note: Weekly BHP and Banking Reports Update

http://aussie-stocks.blogspot.com/



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    • Posted by

    SPI Trading 18th July 2008 recap

    "Support 4903....last 44 point range from yesterday needs to complete to move into Friday's trading, as it's still defined by Thursday's levels.

    Below 4903 expectation move to move down 44 points, and a move down into 4826 is not out of the question.

    4826 support..."

    Today's reports


    SPI Daily and 5-day pattern

    SPI dragged down by BHP, and played out the usually rejection patterns within the 5-day levels using the proprietary filter channels on Friday.


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    • Posted by

    S&P (e-mini) DOW 17th July 2008 Recap

    "US markets moved up from the Weekly lows, but still trading below the weekly 50% levels....

    S&P 5-day pattern:- There hasn't been a breakout of the 5-day highs, but if the trend is going to continue higher, then it should move up from the support levels (5-day 50% level)

    "5-day highs resistance...."

    Yesterday's Report

    S&P Daily and 5-day pattern

    E-mini pushed higher into the 5-day highs on Thursday and stalled......


    Posted by

    SPI TRading 17th July 2008 recap

    "Today my view is based on Thursday trading between 4924 and the 5-day 50% level @ 4889.

    I don't want to short trade above 4924

    And it's high risk trading longs below the 5-day 50% level."

    Morning Report

    SPI 16:10 Recap

    SPI Daily and 5-day pattern

    SPI opens higher and moves down 44 points, and remains range bound between those two levels for most of today....

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    • Posted by

    DOW (S&P) Trading 16th July 2008 recap

    Yesterday's report....

    "DOW is in the same position as the Aussie Market and trading around it's July lows.

    And the same expectation:- Friday close above 10837, then the expectation is an UPswing into August 50% level before any trend continues downward.

    Weekly lows support and Weekly 50% level the trend guide....

    first sign of added strength will be trading above the 5-day 50% level...."
    DOW Weekly and Daily charts


    US markets rising up from their Monthly and Weekly lows, and a cross over the 5-day 50% level and continuation higher with the view of a rotation back towards the August 50% level.

    Note:- there is still no breakout of the 5-day highs, and price is still trading below the Weekly 50% level, but Wednesday's trading in most global markets is the usual pattern for a short-term UP swing into the 3-week highs.

    DOW 5-day pattern

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    • Posted by

    Banking Stocks 16th July 2008

    The Stock Report...

    Banking stocks...

    http://aussie-stocks.blogspot.com/search?q=banking


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    • Posted by

    SPI Trading 16th July 2008 Recap

    Today's Morning Report...

    "SPI closed below 4836 yesterday, which has put any reversal UP towards the Monthly 50% levels open to Risk.

    However, 4836 is based on the close of the Weekly timeframe, if the SPI is able to close above 4836 on Friday, then my view still stands that price will rotate back into the monthly 50% levels.

    Today:- 5801 is the lows from yesterday, and also the Spiral filter.... and in my opinion the critical level today...

    It's simple.... trade on the side of 5801 today....

    Keep in mind that price rotates and extends in trending markets, and we can see this in the US markets:- price rotates UP from the 5-day lows, and then continues down from 5-day 50% level"



    SPI Weekly

    SPI is trading around 4836.

    Weekly Report 12th July 2008....

    "I'm not expecting a major counter-trend move UP like what occurred in March this Year, my view is support forming around 4836 and remaining range bound below 5100 until the end of July, and if there is going to be a 'pop' upwards into the monthly 50% level, then there is more of a chance that higher prices would occur from August.

    After a rotation into the Monthly 50% level, my view remains that the Aussie market is heading down into the Yearly lows @ 4538-82, which will be helped by Resource stocks namely BHP."

    SPI Daily and 5-day pattern

    SPI rotates up from yesterday's lows and swings back into the 5-day 50% level and stalls....



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        • Posted by

        S&P (e-mini) DOW 15th July 2008 Recap

        DOW Weekly

        DOW moves down into the July lows, and ideally i'm looking for a move up towards the August 50% level before it continues down into the Yearly lows....

        If it closes below July's lows on Friday, then there won't be a rotation up into the monthly 50% level, and price should continue down into the Yearly lows.....


        S&P Daily and 5-day pattern

        "simply trade the levels shown"... Yesterday's report

        The usual pattern for rotation upwards from 5-day lows and back into the central zone, and once again pushed back down.

        And the same will apply for Wednesday.... trade the same 'dynamic' levels.... rotate and extend
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        • Posted by

        SPI Trading 15th July Recap

        "Expectation SPI is moving down into 4836...

        opens below 4909 and moves down into the 5-day lows, which was part of my view from yesterday.

        There is a gap open and trading below 4903, which often pushes price down 21 points....any further weakness down would be down into 4856 and 5-day lows"



        SPI Daily and 5-day pattern

        SPI completes the move down into 4836, but any reversal UP has to be lead by US markets from this point.

        A breakout of the 5-day lows @ 4856, can often send the market lower tomorrow if there is no lead from the US markets.


        Posted by

        DOW (S&P) Trading 14th July 2008 Recap

        "As per Weekly Report, first sign of a reversal will be a break and close above the weekly 50% level, using a 'hook' pattern.

        But until then, use the 5-day filters....

        Don't short trade above the red channels...

        Yesterday's report


        DOW Daily and 5-day pattern.


        Usual pattern of a 'sell' back down into the 5-day lows, using the 5-day filter pattern.

        For day traders it's simply trade on the side of the filter.
            Posted by

            SPI Trading 14th July 2008 Recap



            SPI 16.08 recap

            Monday's trading remained range bound between the 5-day levels @ 4909 and 4964.

            The overall expectation is that the SPI should hopefully complete the move down into 4836 in the day session before any rotation UP occurs.

            However, those lower levels were reached in sycom, but it will be the US markets leading any rotation upwards.


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