SPI Daily 8th December 2011 Daily recap

A move down from 4307, and we
are looking for the 42 point range to close lower (4282)...

if that is the case then 4288 become the trend guide and
whether there is further weakness into the close..

SPI Weekly and Daily cycles

The SPI is trading below the Weekly level @ 4319,
therefore there is a bias to move lower….

Helped by the daily filter @ 4307 (21 to 42 points)





Posted by Frank Dilernia

S&P 500 e-mini Futures 7th December 2011 Daily Recap

Trend bias is UP, as long as it's above the blue channel highs @ 1261

Random support channel lows @ 1246.50


S&P Weekly and Daily cycles

Another consolidating trading day between the daily channels…

Whilst remaining above the Weekly level @ 1249.50


Posted by Frank Dilernia

Australian Stock Market 7th December 2011 Daily Recap

Resistance 4323

Trend bias is to down 21 to 42 points (towards 4275)

SPI Weekly and Daily cycles

 4232 provided resistance (21 points)….

Without completing the 42 point range.

Weekly level @ 4319 continues to be the trend guide, whilst US markets continue to trade above their own.


Posted by Frank Dilernia

S&P 500 E-mini Futures 6th December 2011 Daily Recap

Weekly level @ 1249.50 is the trend guides

Blue channels and red filter are the trend guides on any weakness

channel lows @ 1242 are random support (8.5 points)....

S&P Weekly and Daily cycles

Monday’s  lower daily close and further weakness during Globex hours, and my view was that Tuesday would continue down towards 1242 (Random support)…

And possibly lower , as part of a 2-day reversal pattern.

Instead Tuesday ended up being a 2nd day ‘stall pattern’ (choppy), as the Weekly level continued to support the current upward trend.

Weekly level @ 1249.50 continues to remain the trend guide for this week.




Posted by Frank Dilernia

SPI Daily Australian Stock Market 6th December 2011 Daily recap


Below 4319-29 and the trend bias is down, as part of a 2-day reversal pattern.

First target is 4280 and as low as 4262 (84 points down from yesterday’s highs)

SPI Weekly and Daily cycles

 Below the Weekly level @ 4319, and the market completes the 84 point range @ 4262.

As part of a 2-day reversal pattern, and which US markets could follow....



Posted by Frank Dilernia

S&P 500 E-mini Futures 5th December 2011 Daily recap

Above the Weekly levels, the trend bias is UP

Trade on the side of the blue/red filters...

Each way bet on Monday's directionS&P Weekly and Daily cycles

Early move upwards on Monday (14 points precisely), but a failure to continue towards Monday’s highs.

Weekly level is still the trend guide….

And if below, Tuesday’s is seen as part of a 2nd day reversal….




Posted by Frank Dilernia

Australian Stock Market SPI Futures 5th December 2011 Recap

Below 4319 and my view is that this week will begin with a 2-day reversal

If above 4319, random resistance@ 4337

SPI Weekly and Daily cycles.

My view was that the SPI move lower today.

However, the S&P 500 opened  above its own Weekly level @ 1249.50, and proceeded to push higher during Sunday's trading hours...

And the SPI followed, moving towards 4337 & stalling,


Posted by Frank Dilernia

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/



Posted by Frank Dilernia

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

Posted by Frank Dilernia

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.



Posted by Frank Dilernia

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)


Posted by Frank Dilernia
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