Technical Analysis Review 5/25/15

Key Points:

• S&P 500 is in a short-term consolidation above major support

• TLT is consolidating under resistance

• Oil is in a short-term consolidation

• US Dollar breaks above resistance

• Euro breaks through support

S&P 500 (Daily):

 

S&P 500 broke above major resistance last week. It is currently in a short-term consolidation and it is expected the uptrend will continue.

 

TLT (Daily):

 

 

Bonds have broken multiple support lines and is currently in a short term consolidation. It is expected that the downtrend will continue.

 

 

WTI (Daily):

 

 

Oil is in a currently in a short-term consolidation. It is expected the uptrend will continue.

 

US Dollar (Weekly):

 

 

After breaking major support, the US Dollar broke again above it. A trader should target the recent highs but be wary that a head and shoulders pattern may develop.

Euro/USD (Daily):

After breaking up from a double bottom, the Euro broke down through support. The recent swing low should be the target.

FXI (Daily):

 

 

China is current in a intermediate consolidation. It would be expected that the uptrend will continue.

Technical Analysis Review for the Week Starting 5/18/15

Key Points:

• Major equity indices remain in multi-month range

• Oil remains in short term range

• Europe continues uptrend

• US Dollar breaks support

S&P 500 (Daily):

 

The S&P 500 remains in its multi-month range. A close at new highs would be indicative that a new uptrend will start.

 

WTI Daily:

 

 

Oil remains in a short-term range between approximately $59.00 and $62.00. Due to the recent uptrend it would be expected the break of this range would be to the upside.

 

VGK (Daily):

 

 

Europe remains one of the best performing markets YTD. After breaking its recent consolidation, the uptrend is still in full force.

 

US Dollar (Weekly):

 

 

 

The US dollar broke through its recent support last week. It is expected the US dollar has further downside.

Technical Analysis Review for the Week Starting 5/11/15

Key Points:

• Major US equity markets remains range bound

• Bonds are giving mixed signals

• Oil is retesting short term support

• US Dollar is sitting on resistance

S&P 500 (Daily):

 

The S&P 500 broke down early in the week but recovered at the end of the week. If the index can close at new highs then one should expect the uptrend to continue.

 

 

TLT (Daily):

 

 

TLT has two significant support/resistance points on the chart. One is annotated by the trend line and the other one is the 200 day MA. Price is currently between the two giving mixed signals.



WTI (Daily):

 

WTI broke through its short term resistance. It is currently retesting its breakout point and the uptrend is expected to continue.

 

 

US Dollar (Weekly):

 

 

 

The US Dollar currently has support on its 20 day EMA. If the dollar gets a bounce off of support it would be expected that the US dollar would retest its highs.

Technical Analysis Review for the Week Starting 5/4/15

Key Points:

• Major equity markets pulled back from recent highs

• Bonds continue downtrend

• US Dollar breaks down from minor support

• Oil breaks through short-term resistance

S&P 500 Daily:

 

The S&P 500 briefly tagged a new high then pulled back. On Thursday it briefly broke through its short-term uptrend but recovered above it Friday. It is now back into a trading range.

 

Russell 2000 Daily:

 

 

Small caps were the hardest hit last week. Unlike the S&P, Dow, and NASDAQ, the Russell 2000 closed below its 50 day moving average.

 

TLT Daily:

 

 

Bonds continued its decline last week after breaking support. It currently has support at its 200 day MA and the noted trend line.

 

US Dollar:

 

 

The US Dollar continued its downtrend after breaking through its recent consolidation. It is currently testing its support at ~$95.

 

WTI Daily:

 

 

Oil broke through its recent resistance at $58.68 last week. It is expected the recent uptrend will continue.

 

VGK Daily:

 

 

Europe (un-hedged) broke through resistance two weeks ago and it is currently retesting its breakout point. Its anticipated that the uptrend will continue.

 

HEDJ Daily:

 

 

Europe, on a hedged basis, has shown a very impressive YTD performance. It is currently up ~21%.