December 16, 2017

Stock Market Analysis Update – April 23rd, 2010

Hi Trend Followers,

Here is my Stock Market Analysis Update for this week.

If you would like to access the Full Version of my Weekly Global Stock Market Analysis on a regular basis you can access it through my Free Member Area.

I will be featuring indices such as SPY, QQQQ, DIA, VIX, OIL (DBO), GOLD (GOX), AU$ (FXA), Pound (FXB), Euro (FXE) and the All Ordinaries(AORD).

So simply follow the instructions and login then go to the Weekly Market Analysis page to have regular access to this and more free information.

But remember this information is purely intend for educational purposes as an aid, or learn to make your own decisions in the markets


SPY

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

SPY Daily Chart

Summary:

  • Monthly Mode= Neutral
  • Weekly Mode= Bull Trend
  • Price has recovered from the William %R Retest and the Bull Signal continues on the Daily time-frame.
  • SPY broke the 120 level and held on a weekly basis
  • Bull Trend is rather over extended

Percent R

QQQQ

QQQQ Daily Chart

Summary:

  • Monthly Mode= Neutral
  • Weekly Mode= Bull Trend
  • Strongest of the 3 major US indexes.
  • QQQQ broke the 50 level and closed above on a weekly basis.
  • Bull Trend is rather over extended

DIA

DIA Daily Chart


Summary:

  • Monthly Mode= Neutral
  • Weekly Mode = Bull Trend
  • Price recovered from William %R Retest and Bull signal continues
  • Closed above 110 on a weekly basis
  • Bull Trend is rather over extended

VIX

VIX Daily Chart

Summary:

  • Monthly = Bear Trend
  • Weekly = Bear Range
  • Failed to Break below and hold the 16 Level:
  • Closed back below 21MA
  • We also saw an intraday spike outside the Top Bollinger Band

OIL

OIL Daily Chart

Summary:

  • Monthly Mode= Neutral
  • Weekly Mode = Bull Range
  • William %R Retest on last Friday, followed by a William %R Exit on Monday
  • Williams %R Neutral


GOLD

GOLD Daily Chart

Summary:

  • Monthly Mode= Neutral
  • Weekly Mode = Neutral
  • Williams %R Neutral on a daily time-frame
  • Gold was in a Bull Range but as of last Friday signaled an exit

US Dollar/AU Dollar

FXA Daily Chart

Summary:

  • Monthly Mode= Bull Range
  • Weekly Mode = Bull Range
  • William %R Retest on last Friday, followed by a Williams %R Exit
  • Aussie Dollar broken down below the 92.5 this week.

US Dollar / GB Pound

FXA Daily Chart

Summary:

  • Monthly Mode= Neutral
  • Weekly Mode = Neutral
  • Bear Trend over
  • British Pound is recently %R Bull Confirmed, but we received a %R Retest.
  • Bull signal not convincing as yet

US Dollar / Euro

FXE Daily Chart

Summary:

  • Monthly Mode= Neutral
  • Weekly Mode = Bear Trend
  • Bear Trend over
  • Euro is currently in a %R Neutral range.
  • Support at 132

All Ords

AORD Daily Chart

Summary:

  • Monthly Mode= Neutral
  • Weekly Mode= Bull Trend.
  • All Ords broke back below the 5,000 level.
  • Williams %R Exit
  • All Ords is now Williams %R Neutral.

Multiple Time-frame Analysis

Multi Time-frame Analysis

  • Some US Stock Market Sectors have broken down this week to be Bear Confirmed on a daily timeframe (XLV, PPH, BBH)

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