Index Futures & Stock Reports 9 Jan 09

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

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


OIL Futures:- OIL BOIL

http://www.oilboil.blogspot.com/



Note: Weekly BHP, RIO, and Banking Report Update





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S&P (e-mini ) 8 JAN 2010 Daily



S&P Weekly and 5-day pattern

Thursday breakout of the Weekly highs and expectation that the S&P would continue towards January highs, as it follows the 5-day pattern upwards on Friday.

Weekly report out later.



Posted by

SPI Daily 8th January 2010 recap

"Trend guide 4915.

Upside Target & resistance 4934-37

Support 50% levels 4891.

Focusing on 10-20 point moves again and exit"


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SPI Weekly and 5-day pattern


Based on the price action in the 5-day range, it was probably going to remain range bound between the levels of resistance and support

And the focus was to take small chunks out of the range and stay out of trouble.








Posted by

DOW Futures Daily 7th Jan 2009 recap

"No probability on direction other than trading on the side of Yellow support and looking for 41-85 point moves"

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DOW Weekly and 5-day pattern


Expectation of a move towards the January highs, but as pointed out I’m not sure whether that happens this week or the next because of the Weekly highs.

At this stage it's trading small ‘ranges’ using 41-85 point moves.

Thursday pushed down from the Yellow filter into the r85 low @ 10460, resulting a spiral low and 50% level support, and then back towards the highs in the 5-day pattern.





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    • Posted by

    SPI Daily 7th January 2010 recap

    "The key level today is 4926.

    And based on the spiral filter that's the pattern I favour and a test of the 5-day 50% levels"

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    SPI Weekly and 5-day pattern.

    Down day from 4926 and retest of the 5-day 50% levels, which was something I expected to happen this week, but not the break of the 5-day 50% level.

    That’s the gap closure from last week and tomorrow is another day.

    You know my view of the market, as per Weekly report, but the price action today is too early to tell if it's lasting other than short-term patterns within the weekly timeframe.








    Posted by

    S&P (e-mini ) 6 JAN 2010 Daily recap

    "At this stage we have Weekly high resistance, but the focus is on the 5-day patterns and taking small chunks out of the ATR after Monday's UP day into these levels.

    Yesterday I mentioned that there could be a flat day until the Yellow support catches up with price on Wednesday.

    That level have caught up and 1128.75 is the trend guide for Wednesday"




    S&P Weekly and 5-day pattern.

    There is a bias to continue towards the January highs, but at this stage I’m not sure if that happens this week, or the price action follows my Weekly report: - Weekly highs resistance and then continues higher the week after.

    However, based on Wednesday’s trading I suspect it will be this week.

    Normally, a 2-day rise into resistance can have a down day when the Yellow filter catches up:- 3rd day down in an UP trend.

    Broke support @ 1128.75, but no follow through on the downside towards 1120.

    Instead following the 5-day pattern into the highs once again.



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    • Posted by

    SPI Daily 6th January 2010 recap

    "Once again the SPI will be opening around the spiral filter @ 4938, which is the trend guide in early trading.

    Coming down from 4938, then there is a view that the market is trying to complete the range @ 4900, and possible move down into the 5-day 50% level"

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    SPI Weekly and 5-day pattern

    SPI trying it’s hardest to complete the R42 range @ 4900 from the highs.

    Expectation of a move down into the 5-day 50% level will only come about if US markets have a 1 day reversal pattern after a 2-day rise into resistance.








    Posted by

    S&P (e-mini ) 5 JAN 2010 Daily

    "Expectation of a 2-day up move into the Weekly highs has played out in the first day.

    I would look for a push upwards on Tuesday into the highs.

    Those highs can resist price for a move back down into the 5-day 50% level, or Tuesday can remain flat as it waits for the Yellow support level to catch up tomorrow"



    S&P Weekly and 5-day pattern

    Early push up into Tuesday’s highs and a flat trading day around resistance levels, as part of the 2nd day UP move.

    There is a bias to continue towards the January highs, but at this stage I’m not sure if that happens this week, or the price action follows my Weekly report: - Weekly highs resistance and then continues higher the week after.

    At this stage we have Weekly high resistance, but the focus is on the 5-day patterns and taking small chunks out of the ATR after Monday's UP day into these levels.


    Posted by

    SPI Daily 5th January 2010 recap

    "Once again it's simply case of trading on the side of the pink filter @ 4938.

    Below and expectation is price is pushing down 21 points, but thereafter I'm not sure how much more downside there will be on Tuesday"




    SPI Weekly and 5-day pattern

    Expectation that price is moving towards the Weekly and January highs @ 4968....

    but today was based on fading the open from the Spiral point @ 4938, and taking profits around 21 points down.

    I wasn't expecting more downside, but a consolidating pattern around these levels.


    Posted by

    DOW Futures Daily 4th Jan 2009 recap

    "After last week's reversal down into the weekly 50% level and this week's open above those levels, the only conclusion I can make is the 2-day UP move back towards the Weekly highs

    Support as shown, and it needs to be verified with price trading above the 5-day 50% level"



    DOW Weekly and 5-day pattern

    Expectation of a rise upwards this week completed the Weekly highs in the first day.

    I pointed out in the Weekly report that my view is that these levels can resist price this week but continue higher next week and complete the January highs.

    However, the first day up move into the Weekly highs can continue higher, as part of the 2nd day rise.

    Posted by

    SPI Daily 4th January 2010 recap

    Based on the trend of the market the expectation is that January will try and follow the Weekly and monthly range upwards.

    However, there is also a possibility that before any up-trend continues price can come down and test the 5-day 50% level and 3-day lows:- 4816-21

    Trend guide 4866



    SPI Weekly and 5-day pattern

    Slow trading day that didn’t manage to complete a 42 point range.

    With the open below 4866 my expectation was an early push down (21 points) and then the possibility to move towards the 50% level.

    However, once above 4866, the expectation was to continue upwards and complete the move @ 4892…

    Instead the SPI remained range bound within 21 point ranges.








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