Index, Stocks, Forex, Commodities 3rd December 2011 Weekly Reports.

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

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

OIL Futures:- OIL BOIL

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

Gold & Silver Weekly Reports

http://goldcoppersilver.blogspot.com/

Note: Weekly BHP, RIO, TLS, Banking Report Update

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



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S&P 500 E-mini Futures 2nd December 2011 Daily recap


The red filter @ 1243.75 is the guide.

Above and Friday's highs are seen as random resistance zones (8.5 to 14 points)..

S&P Weekly and Daily cycles

Friday continued higher, hitting the daily highs @ 1262.50 and reversing down 14 points…

With further weakness into the close...

and expectation that next week will continue with a 2-day reversal pattern.

Weekly report out later

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Australian Stock Market SPI futures nd december 2011 Daily recap

Current price action looks like it will move towards a higher Weekly close :-

Trend guide 4235 :- Weekly highs target:- 4321

Random resistance Friday's highs @ 4303

SPI Weekly and Daily cycles


Thursday's daily close above the Weekly 50% level, help set-up a continuation for a higher Weekly close (Friday).

4235 formed support, and the trend continued towards Friday's highs @ 4303.



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S&P 500 e-mini 2nd December 2011 Daily recap

Trend guide 1248.50

Look for short-term weakness towards yesterday’s red filter level @ 1226

Resistance Weekly highs
S&P Weekly and Daily cycles

1248.50 formed resistance, but it only lasted 12 points….

Friday's trading will be based on whether the market closes near the Weekly 50% level...

or whether it extends upwards, and then follows a 2nd Weekly high pattern next week (1274.50)


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Australian Stock Market SPi futures 1st December 2011 Recap

Resistance 4261

I would normally look for the market to fade the open and close that gap, or at least @ 4223 (Weekly 50% level):- 42 points.

Weekly 50% level random support.

SPI Weekly and Daily range…
Early fade down from 4261 into the Weekly 50% level @ 4223.

As we have seen everyday this week, 42 point reversals attract buyers around the spiral lows, and today wasn’t any different.

With the Weekly 50% level @ 4223 providing the platform for the market to move upwards before settling into the close


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S&P 500 E-mini Futures 30th November 2011 daily recap.

1 more UP day, as part of a 3-day rise?

Support 1182

Any support is seen as part of a 3rd day rise.

S&P Weekly and daily cycles

 3rd day rise on the back of news coming out of the euro zone regarding funding from central banks.

The length of the UP move isn’t surprising, once is moved above the Daily highs and also the November 50% level @ 1206.

The surprising bit was the lack of intra-day 8.5 point reversals patterns, especially around the Weekly 50% level @ 1221.25

Trend bias is to continue towards the Weekly highs:- 1253-56

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Australian Stock Market SPI futures 30th November 2011 Daily recap

Today's trading is based on Wednesday is the 3rd UP day in a counter-trend move until the start of December.

During those past 2-days there has seen early weakness, but then the market moves higher after completing the 42-point low.

If that's the case the SPI needs to come down into 4093, and then 4099 becomes the Trend guide

SPI Weekly and Daily cycles

Early weakness, & once again the market completes the 42-point spiral low and then continues higher, as 4099 forms support....

sending the SPI higher on the 3rd day, aligning with the start of December and the new monthly 50% level.

The market remains below Weekly resistance levels @ 4125....

and tomorrow's monthly 50% level will be the trend guide.



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S&P 500 E-mini 29th November 2011 Daily Recap

Trend guide the Weekly level @ 1189

Random resistance Tuesday’s highs @ 1202-1206

Support channel lows @ 1175
S&P Weekly and Daily cycles

After yesterday’s retest of the previous Weekly lows @ 1196…

Today’s trading was based on whether the trend would continuation lower…

Or whether Tuesday was the 2nd day of a 3-day up move into the start of December.

As we can see Tuesday didn’t continue lower, but remained within the daily range after testing the November 50% level (8.5 to 14 points)




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Australian Stock Market SPI Daily 29th November 2011 Daily Recap

The SPI has retested last week's breakout and stalled at the Weekly level @ 4125

The rest of this week is based on whether the trend continues down towards this week's lows, or whether Monday was the first day, as part of a 3-day counter-trend move upwards.

Trend guide 4074
 SPI Weekly and Daily range..

 Early weakness on the SPI, as part of the Weekly levels acting as resistance.

This saw price move down 42 points from open, where buying support came into the market.
Once price moved back above 4074, the market proceeded to close higher...

And  the trend is now following a 3-day counter-trend move upwards, that could see price move back towards the November 50% level @ 4164...

And Weekly 50% level later this week...





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S&P 500 E-mini 28th December 2011 Daily recap

Resistance 1189-96 (Weekly levels)

If above 1173 @ 7pm Sydney time, trend bias is up towards the resistance levels (14 points)



S&P Weekly and Daily cycles

 Rise up from the Daily 50% level and blue channel highs…@ 1173

Market has retested the previous Weekly low breakout @ 1196, and reverse down 8.5 points.

The rest of this week is now based on the Weekly level @ 1189.

This could result in more weakness, as part of retesting last week's breakout @ 1196 and moving towards this week’s lows @ 1128

Or this week is part of a 3-day counter-trend move upwards, as part of a swing back towards the new monthly 50% levels in December.




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Australian Stock Market SPI Futures 28th November 2011 Daily recap

This week's trading is based on whether the market continues with the Weekly break and extend pattern down into this week's lows @ 3919

or whether the market begins with a 3-day up move up towards the Weekly breakout @ 4102-4125

Trend guide 3996 (resistance 4949 50% level)

SPI Weekly and Daily


Market opened much higher and is in the process of following a 3-day reversal pattern up towards the Weekly levels @ 4125.

My resistance level intra-day @ 4049 failed to hold…

Instead it continued to move towards the channel high @ 4074 before the market stalled, reversing down 42 points.

As the market currently remains above the Daily 50% level, the trend bias is up for 3-days to at least 4125 or more, as part of a rotation towards the December 50% level starting this week.


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