Index & Stock Rpts 20 March 2010 Weekly

Weekly Index & Forex Reports out now...

Australian Index (SPI) Futures

http://austindex.blogspot.com/


DOW and S&P Index Futures

http://usindexweekly.blogspot.com/

US Dollar INDEX, AUD/USD, EUR/USD, GBP/USD

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


OIL Futures:- OIL BOIL

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



Note: Weekly BHP, RIO, and Banking Report Update






  • Daily Trading Set-ups & Analysis
  • Index Futures SPI, DOW S&P, & Forex
  • Subscribe to the Trader Premium
  • http://www.datafeeds.com.au/premiumtrader.html



    • Posted by

    DOW futures 19th March 2010 Daily recap

    "Price is hitting the higher timeframe resistance levels in both markets.

    Ideally the best reversal trends align with Friday's highs and higher timeframe levels"

    Premium Report


    DOW Weekly and Daily range


    DOW moved up into the Friday highs and reversed down into the 50% levels.

    Last Week we had the same short-term sell pattern on Friday, but this time it's matched with the March Highs.

    DOW has been lagging the S&P in market dynamics, and this occurred around January's highs before the market reversed down.

    S&P hangs around the highs and waits until the DOW catches up, before proceeding to reverse back down, and I'm expecting next week to begin a short-term reversal pattern once again.

    I’m not expecting the same reversal as in January, but I would like to see some short –term pullback before the continuation of the UP trends in the 2nd Quarter.




    • Daily Trading Set-ups & Analysis

  • Index Futures SPI, DOW S&P, & Forex

  • Subscribe to the Trader Premium

  • http://www.datafeeds.com.au/premiumtrader.html



    • Posted by

    SPI Daily 19th March 2010 recap

    "Friday's highs now match the March highs:- resistance 4915-17.

    There is a breakout of the Thursday highs, which should continue to push the market higher into Friday's highs"

    Trend guide 4884

    Support 4863


    S&P Weekly and daily range.

    There was Thursday's breakout @ 4876 which would normally continue into the next day's highs:- 42 points upwards and into 4915.

    This would have completed the March high pattern @ 4917.

    Instead Friday lacked volatility and ended up an inside trading day.






    Posted by

    S&P (e-mini ) 18 March 2010 Daily recap

    There are two patterns take place today:- SET-UP A or B


    Set-up A:-     Wednesday's high continue to push the market down in early trading into Yellow support and then a move towards the highs.


    SET-up B:- Resistance has moved on Wednesday and price continues into the highs and then reverses down into support


    S&P Weekly and Daily range

    As per yesterday’s recap….Resistance around Wednesday’s highs, but failed to push down 8.5 points (during Cash market)

    However, during globex and Thursday’s trading that pattern eventually played out with the market completing the move down into @ 1157, but SET-UP A failed as price didn’t move into support levels to trade longs.

    And price didn’t rise high enough to trade shorts….





    Posted by

    SPI Daily 18th March 2010 recap

    "March highs @ 4912-17: - resistance

    Early trend guide is 4892 (spiral filter)

    Below 4892 and the first target is a 21 point reversal to 4872

    Support 4872"



    SPI Weekly and Daily range.

    There were a number of resistance levels today:- 4912 (weekly highs) & 4917 (march highs)

    However, the SPI didn’t move up into resistance levels…

    Instead price moved down into support levels (from 4892 spiral filter) and proceeded to move in 21-point rotations for the rest of the day.









    Posted by

    S&P Daily 17th March 2010 recap

    Upside target on the DOW is 10725-33, which puts the S&P around the Weekly highs @ 1169.

    If we follow the daily pattern it could take until Thursday to reach those targets.



    S&P Weekly and daily range.

    Resistance around Wednesday’s highs, but failed to push down 8.5 points

    As per Daily report, Thursday should make a higher high.









    • Daily Trading Set-ups & Analysis
  • Index Futures SPI, DOW S&P, & Forex
  • Subscribe to the Trader Premium
  • http://www.datafeeds.com.au/premiumtrader.html



    • Posted by

    SPI Daily 17th March 2010 recap

    "For the market to continue higher in March towards the highs @ 4917 price needs to breakout and close above this level @ 4839..

    Based on the levels in the 5-day range it's hard to be trading any longs on today's higher daily open.

    Resistance 4841

    Support 4812"




    SPI Weekly & Daily range.

    Short-term 2-day reversal in US markets on Tuesday failed to continue lower along with the expectation that the SPI would be trading around the Weekly 50% level @ 4745

    Instead US markets pushed upwards and the SPI opening around the Daily highs on Wednesday

    Higher daily open @ 4841 and it’s hard to be trading longs, as it’s normally associated with resistance and a pullback into support @ 4812

    Early resistance @ 4841 but a failure to continue down into 4812…

    And a reversal and break above the highs, with a bias to continue towards March highs 4912-17






    Posted by

    S&P (e-mini) 16th March 2010 daily recap

    a 2-day reversal on US markets would normally have Monday closing higher and Tuesday selling down from the 5-day 50% level.

    Tuesday's open in relation to the 50% level (below) will normally sell down and move towards the Tuesday lows.

    first target Yellow filter @ 1138.




    S&P Weekly and daily range

    Expectation of a 2nd day reversal didn't play out on Tuesday instead pushing price back towards the highs.

    Normally a 2nd day reversal would play out precisely based on the previous 2 days of price action (friday's highs and Monday's higher daily close).

    With Tuesday selling down into the Weekly 50% levels.

    Current trend is to continue into higher highs in April.



    • Daily Trading Set-ups & Analysis
  • Index Futures SPI, DOW S&P, & Forex
  • Subscribe to the Trader Premium
  • http://www.datafeeds.com.au/premiumtrader.html



    • Posted by

    SPI Daily 16th March 2010 recap

    "Resistance 4803-05

    A break of the 3-day cycle @ 4804 will normally lead to a reversal pattern back towards the Weekly 50% level @ 4745

    However, Tuesday looks to be range bound within the 5-day range:- support 4766-74"

    Premium Report




    SPI Weekly and daily range.

    Resistance around today's higher open but lacked the follow through on the downside on Tuesday towards the lows.

    Expectation that there is a short-term reversal pattern towards the Weekly 50% 4745.

    This will happen if US markets move lower on Tuesday, as part of a 2nd day reversal and the SPI opens lower.



    Posted by

    S&P (e-mini ) 15 March 2010 Daily recap

    "Price action on Friday suggests that US markets are moving into a 2-day reversal back towards the Weekly 50% levels.

    Resistance 1149.

    What normally happens in most 2-day reversals is that the Monday's lows will most likely support the market and price rotates back towards the 50% level.

    If the trend is going to continue lower, then Tuesday's 50% level starts the next leg down"

    S&P 500 Weekly and Daily range

    S&P didn’t move down into Monday’s lows but has rotated back above the 50% level in late trading.

    As per report, if the S&P is going to follow a 2nd day reversal it will be defined by Tuesday’s 50% level.

    And then it will depend on whether Tuesday breaks the Weekly 50% level or the level holds.

    At this stage I’m treating the first 2-days of this week as a short-term reversal pattern from Friday's highs, with a bias to continue higher in the 2nd Quarter.





    Posted by

    SPI Daily 15th March 2010 recap

    "I'm looking for a short-term reversal pattern to begin the week.

    Resistance 4840.

    Support @ 4813

    Break of support and expectation that a 2-day reversal is towards the Weekly 50% level @ 4745"

    Premium Report


    SPI Weekly and daily Range.


    Early rise into resistance @ 4840 and break of support confirms my view that this week would begin with a 2-day reversal pattern into higher timeframe 50% levels .





    • Daily Trading Set-ups & Analysis

  • Index Futures SPI, DOW S&P, & Forex

  • Subscribe to the Trader Premium

  • http://www.datafeeds.com.au/premiumtrader.html



    • Posted by
    Subscribe to: Posts (Atom)