Index, Stock, Forex, Commodities, OIL/GOLD/SILVER 4th Feb 2012 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 3rd February 2012 Daily Recap

My view of the move towards the weekly highs by friday:- break and extend pattern:- 1278 to 1334.50

Trend guide the daily levels.


S&P Weekly and Daily cycles

Break & extend pattern completed on Friday....

And a daily close above those highs, helped by favourable job numbers should see the trend continue towards the February highs by next week

Weekly report out soon




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SPI futures 2rd February 2012 Daily recap

Trend bias is based on the 5-day 50% level and channel highs.(4237/41)

Either the market continues up towards the Daily highs….(4259/63)

Or slips back down into 4214 (Support)


SPI Weekly and Daily cycles

 At the start of the day my view was that the market would continue higher based on the February 50% level and Weekly support @ 4221:- Higher Weekly close on Friday.

However, as mentioned in the Weekly reports…

The larger timeframe 50% levels (Primary cycles) are forming resistance during the first quarter, which could see the market BUTTS it’s head against these levels for a number of weeks/months.

Once the first timeframe bar closed below 4237/41 the trend bias was down into 4214.

WEEKLY REPORT OUT TOMORROW


Posted by

S&P 500 E-mini 2nd February 2012 Daily report

Trend bias is up towards 1334.

However, daily cycles suggests early weakness into support levels @ 1315

S&P Weekly and Daily cycles

Weakness around the daily cycles @ 1324...

but remaining in a tight 8.5 point range for most of the day.

Support levels not reached @ 1315.

Inside day formation, with the continued expectation that price will try and push upwards on Friday and complete the break and extend pattern.


Posted by

SPI futures Australian Stock Market 2nd February 2012 Daily recap

Trend guide 4242....market dynamics in the monthly and Weekly cycles suggest a move upwards.

Primary cycles @ 4250/4292 suggest more resistance during the first Quarter.

SPI Weekly and Daily cycles

Even though US markets continue to rise upwards...

and the Monthly and Weekly cycles have formed a robust support zone this week...

the SPI continues to BUTT its head around the Primary cycle 50% levels @ 4250/4292




Posted by

S&P 500 E-MINI 1ST fEBRUARY 2012 Daily recap

January high resistance levels have disappeared...

with the expectation that the trend is moving up into this week's highs @ 1334 by Friday

Support 1304


S&P Weekly and Daily cycles

 The shift in market dynamics, as the January high resistance zone @ 1314 disappeared…

along with the Daily cycle support pattern @ 1304...

has seen Wednesday move up towards the daily highs…

as part of a move towards 1334:- break and extend pattern from 1278




Posted by

SPI futures Australian Stock Market 1st February 2012 Daily recap

Trend guide 4243

4243 will determine whether the market rises up from the Weekly level @ 4221 (yesterday’s low)….

Or fails and moves down into the February 50% level.


SPI Weekly and Daily cycles

 Market moves down into the February 50% level @ 4204, found support for a number of hours...

 but support failed, and  price has closed below the February 50% level.

Not a good sign for the 1st Quarter, but it’s not unexpected….

As the Primary and Secondary cycles (below the higher timeframe 50% levels) have been bearish for over 6 months now, as per Weekly report.






Posted by

S&P 500 31st January 2012 Daily recap

Trend bias is UP to complete the break and extend pattern from 1278 into 1335

However, there is still 1 day of resistance level (January highs @ 1314), which can act as resistance for 1 more day


S&P Weekly and Daily cycles


Early rise of 8.5 points from the daily filter @ 1309.....

However, the monthly resistance @ 1314 came into play, pushing the S&P 500 down precisely 14 points.
Resistance levels disappear as of tomorrow, with the expectation that the break and extend pattern will complete this week...@ 1335

as long as it remains above the Weekly 50% level @ 1298



Posted by

SPI Futures Australian Stock Market 31st January 2012 Recap


Trend guide @ 4237

Random resistance 4255      Support 4216-21

My view is that the market will rise up from 4237 and any further gains today will be defined by 4255.

However, The spiral filter doesn’t favour any further gains today, & it won't surprise me to see the market move down into Support (4216-21)


SPI Weekly and Daily cycles

Early rise up into 4255…

And then the market reversed, closing below the daily 50% @ 4237, sending the SPI back down into the Weekly level @ 4221.

Currently the Weekly level is supporting the market, but it will depend on whether there is weakness in US markets tonight based on 1 more day of resistance.




Posted by

S&P 500 Emini 30th January 2012 Daily recap

Expectation that the S&P is moving down into the Weekly 50% levels @ 1298

Early push down from the blue channel lows @ 1307 towards Monday's lows. Those Daily lows match the Weekly 50% levels, as part of a swing towards higher highs



S&P Weekly and Daily cycles

As per Weekly report, expectation is that the trend will complete the break and extend pattern from 1278 to 1335.

This is helped by the patterns in the Weekly and Daily cycles on Monday.

Resistance @ 1314 resides for 1 more day, when resistance disappears from
Wednesday onwards

However, be aware of weakness on Tuesday if it's being push down from the
daily 50% level, as described in the book


Posted by

SPI futures Australian Stock Market 30th January 2012 Daily Recap

If the market opens higher around 4261/65 is seen as a random resistance zone until the next spiral filter is formed around 4238.

This aligns with the daily levels :- Support

SPI Weekly and Daily cycles

Resistance formed @ 4261 and pushed price down into the daily levels @ 4238.

These levels formed support, but failed to complete the minor range of 21 points.




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