blackmarkt-trader: Dollar

Sunday, May 27, 2012

Memorial Weekend Market Update 052912

Observations:

-SPX & NDX closing in on the 200SMA on daily, wedging at the 24% fib (RUT bounced is above it's 200SMA)

-Dollar broke out and is uptrending toward 84, RSI is 82.3

-Crude sitting on 90 UTL support on the weekly

-TLT triple top? Also negative divergences at this retest

- AAPL at DTL resistance will need for it to break up and hold 50% fib (570) for any meaningful rally in the markets with next resistance around 580-582.

- VIX is uptrending holding above 20

-McClellan Oscillator is down trending

SPX (Daily, 30 minute)

NDX (Daily, 30 minute)

RUT-X (Daily, 30 minute)

Dollar (Daily)

Crude (Daily)

TLT (Weekly, Daily)

Gold (Daily)

AAPL (Daily, 30 minute)

Shanghai Composite (Daily)

VIX (Daily)

McClellan Oscillator

Tuesday, March 20, 2012

Market Snapshot 032012

It has been a long time since I did a market review but given our unstoppable run I wanted to see where we currently stand. Since my focus is now day trading futures this kind of daily research really isn't relevant to my approach.

Markets continue to be risk on whatever (dollar up down euro up down) all dips continue to be bought. We are still not seeing sustained selling (opens are sold but closes like today are not) and AAPL sub 600 continues to be bought. Financials (XLF) is seeing sector rotation and leading. McClellan Oscillator shows we are way from overbought. Bonds are beginning to perk up out of their bases. And as I write this ES is up 5 points off 1400... So BTD lives on.

Here are some charts I'm looking at:

SPY

Weekly