May 28, 2017

Free Stock Market Analysis

* This information is intended for educational purposes and does not constitute a recommendation to buy or sell.

SPY

SPY Daily Chart

Summary:

  • Monthly Mode= Neutral
  • Weekly Mode= Bull Range
  • Daily Mode = William %R Exit on Thursday. Now %R Neutral.
  • Support at 105/106 likely to hold.

Percent R

QQQQ

QQQQ Daily Chart

Summary:

  • Monthly Mode= Neutral
  • Weekly Mode= Bull Range
  • Daily Mode = % R Neutral Range at Present
  • Support held at 44. Support also at 45

DIA

DIA Daily Chart

Summary:

  • Monthly Mode= Neutral
  • Weekly Mode = Bull Range
  • Daily Mode =%R Bear Exit. Now %R Neutral. Would need to close below 99 to reconfirm Bearish. Not likely.
  • Likely Support at 98.5

VIX

VIX Daily Chart

Summary:

  • Monthly = Bear Trend
  • Weekly = Neutral
  • Daily Mode = %R Bull Neutral Range
  • Volatility came back to test the 30 Level, so far 30 held. Volatility stabilizing in the 30's
  • A weekly close below 30 would be a bullish sign for the market for me.

OIL

OIL Daily Chart

Summary:

  • Monthly Mode= Neutral
  • Weekly Mode = Neutral.
  • Daily Mode = William %R Bear Trend. %R Retest on Thursday fortnight ago. A close above 24.98 would signal an exit.
  • Next possible Support at 22.5

GOLD

GOLD Daily Chart

Summary:

  • Monthly Mode= Neutral
  • Weekly Mode = Neutral
  • Daily Mode = Williams %R Neutral.
  • No real trends with gold at the moment.

US Dollar/AU Dollar

FXA Daily Chart

Summary:

  • Monthly Mode= Bull Range
  • Weekly Mode = Bull Range
  • Daily Mode = William %R Exit on Thursday. Now %R Neutral
  • Currently support at 82 held

US Dollar / GB Pound

FXB Daily Chart

Summary:

  • Monthly Mode= Neutral
  • Weekly Mode = Bear Trend - %R Bear confirmed this week
  • Daily Mode = William % R Exit on Tuesday. Now %R Neutral

US Dollar / Euro

FXE Daily Chart

Summary:

  • Monthly Mode= Neutral
  • Weekly Mode = Bear Trend
  • Daily Mode = William % R Bear Trend
  • Euro very weak- Beginning to accelerate.

All Ords

AORD Daily Chart

Summary:

  • Monthly Mode= Neutral
  • Weekly Mode= Neutral.
  • Daily Mode = Williams %R Neutral
  • Testing Resistance at 4500

Multiple Time-frame Analysis

Multi Time-frame Analysis

MTF Summary:

  • Markets according to my analysis appears to to have bottomed, there have been some extremes in sentiment which support this.
  • US & Australian indexes still with a lot of mixed mode signals across the Multiple Time-frames, I am still neutral on the Market.
  • Saw likely Bearish volume exhaustion in the US markets, although I have a neutral bias at present, I am expect a strong rally early this week. Waiting and watching
  • Australian Index is one of the strongest at present, along with the Nasdaq, which suggest the Stock Market may have bottomed in the short term.
  • Currency Bearish, Oil is bearish, Gold doesn't excite me as yet
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