Index futures, Forex, Stocks, Commodities 18 February 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 17th February 2012 Daily recaqp

after the market reverses down from the weekly highs, but moves back towards the highs by Friday, there is a good chance that it continues upwards into next week's highs....

Random resistance Friday’s highs @ 1360

S&P Weekly and Daily cycles
Market pushed higher, but ended up consolidating below Friday’s highs….

Weekly report out later



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SPI Futures 17th February 2012 Daily recap

Trend guide 4269-75

if below a possible move down into Friday's lows...

Above and resistance around 4204-18

SPI Weekly and Daily cycles

Remains flat below the daily 50% levels and the Weekly lows
Target remains 4078, but that will depend on the price action overnight in US markets



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S&P 500 E-mini Futures 16th February 2012 Daily recap

My view is that the Market is moving down over the next 2 days:- resistance 1342.50


Random support:- Thursday’s lows and Weekly 50% level @ 1325-1330


S&P Weekly Daily cycles

My view was that the S&P 500 would remain below 1342.50 and continue down into Thursday's lows and the Weekly 50% level, as the first support zone


Instead the market rallied on the news that data showing U.S. jobless benefits claims unexpectedly fell to a near four-year low and U.S. housing starts for January rose more than expected.....
 
and we are back into the highs once again....




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SPI futures 16th February 2012 Daily recap

With the SPI trading under the February 50% level @ 4204 the trend bias has the potential to move lower, target 4078 by Friday.

Below the Weekly lows @ 4169 and the bias is to move down into the next spiral filter @ 4133.(42 points)

SPI Weekly and Daily cycles.

 As noted in yesterday’s US market report…. US markets have a trend bias to move lower on Thursday & Friday, pushing the Aussie Market lower.

If the market was going to have any support it had to remain above 4167 (Weekly lows), but that failed, resulting in a breakout pattern from today’s highs to today’s lows;- next spiral filter

Currently there is a breakout pattern in Thursday’s range (4185), therefore there is a bias to continue with the break and extend pattern into Friday's lows, and as low as 4078




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S&P 500 E-mini 15th February 2012 Daily recap

Wednesday's highs (Weekly) are seen as resistance.

if the day closes below the daily 50% level @ 1348.50 then the trend bias is to continue lower on Thursday & Friday.

red filter is the trend guide

S&P Weekly and Daily cycles

 Reversal down from the weekly highs, has seen the market close on the Weekly level @ 1342, which has been acting as support this week

As noted in the daily report…. Below the daily 50% level @ 1348.50, and my view is that Thursday & Friday will try and move lower.

potential target the Weekly 50% level.




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SPI Futures 15th February 2012 Daily recap

Trend guide 4215-18 (Weekly 50% level)

Random resistance Daily 50% levels

Random support:- Wednesday’s lows.


SPI Weekly and Daily cyclesEarly weakness down from 4218 into Wednesday’s lows.

News came out that China continues to grow strongly, and this put some legs into global markets, with US futures rising, and the SPI following..



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S&P 500 E-mini 14th February 2012 Daily recap

S&P hitting resistance:- 1352-54….

US markets are currently in a 2-day stall pattern with an upward bias.

S&P Weekly and Daily range.

 S&P 500 continues to trade within the Daily and Weekly cycle ranges....

Tuesday’s price action completes the 2-day ‘stall’ pattern with an upward bias.



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SPI futures Australian Atock Market 14th February 2012 Recap

Trend guide 4246

Either the market continues up towards the Weekly highs…

Or the Yearly 50% level continues to push the market downward:- first target 4218 (Weekly 50% level), and as low as Tuesday’s lows.



SPI Weekly and Daily cycle

Market opened below 4246, and proceeded to move down into the Daily lows & February 50% level once again.The Market continues to struggle during the first Quarter, as the Weekly 50% level @ 4218 failed to provide any support today.

Until US markets begin to unwind from their highs, the SPI will continue to consolidate around these levels:- February 50% level.



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S&P 500 e-mini futures 13th February 2012 Daily recap

Price action in the S&P (above Weekly level @ 1342.50) could see the trend continue upwards on Monday
S&P Weekly and Daily range.

S&P consolidates in 8.5 point waves above the Weekly level,

as it butts its head against the Monthly high @ 1352.




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SPI FUTURES 13TH FEB 2012 Daily recap

Above 4204 (Feb 50%) is a good sign to start the week off.

Random resistance daily 50% levels @ 4233-35

SPI Weekly and Daily cycles

 The SPI opened above the February 50% level and proceeded to move higher…

Daily 50% levels @ 4233-35 failed to stall the market from rising….

Looks to be moving towards the Weekly highs…




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