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05/14/2016 Weekend Update
Re: 05/14/2016 Weekend Update
/GC M/W/D weeks to go for the monthly candle… but dark cloud cover near resistance.. possible insane RS on Monthly.. not sure yet.
Weekly candles not good.. evening star confirmation. Daily possible expanding wedge ABCDE of sorts.. more down first? 50d SMA 1251.40 20w SMA 1205.20 retrace?
DXY daily.. messy bullish falling wedge break out.. could morph into a triangle invs H&S during the summer. Way too early. Brexit, Greece debt issues.. as we wait for resolution and finalization of US candidates with their formation of campaign platforms.
Cleanest dirtiest shirt syndrome.
Weekly candles not good.. evening star confirmation. Daily possible expanding wedge ABCDE of sorts.. more down first? 50d SMA 1251.40 20w SMA 1205.20 retrace?
DXY daily.. messy bullish falling wedge break out.. could morph into a triangle invs H&S during the summer. Way too early. Brexit, Greece debt issues.. as we wait for resolution and finalization of US candidates with their formation of campaign platforms.
Cleanest dirtiest shirt syndrome.
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- /GC M/W/D
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- DXY daily
Re: 05/14/2016 Weekend Update
/CL - USOIL W/D/4hr - daily bearish rising wedge.. (with much larger yellow invs H&S ) - 4hr… minor diamond top/ continuation.. or ascending cyan wedge ( more chop ) ( waiting for resolution USdollar wise- - see DXY notes above) and red bearish rising wedge (as seen on daily) . fwiw.
( waiting for resolution USdollar wise- - see DXY notes above) and red bearish rising wedge (as seen on daily) . fwiw.- Attachments
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Re: 05/14/2016 Weekend Update
It's that time again… FOMC minutes Wed 2:00pm http://www.investing.com/economic-calendar/ Japan GDP Tuesday eve as well.
http://www.investing.com/economic-calendar/ Japan GDP Tuesday eve as well.- Attachments
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Re: 05/14/2016 Weekend Update
could be a very very very slow bleed.. 
"The Japanese Stock Market is Still Over 57% Below the Peak made in 1989"
http://ciovaccocapital.com/wordpress/in ... ervention/
"The Japanese Stock Market is Still Over 57% Below the Peak made in 1989" http://ciovaccocapital.com/wordpress/in ... ervention/
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daytradingES
- Posts: 2245
- Joined: Thu Sep 13, 2012 10:46 am
Re: 05/14/2016 Weekend Update
7:09 AM 5/16/2016
June E-mini S&Ps (ESM16 +0.16%) this morning are little changed, up +0.25 of a point (+0.01%). Friday's closes: S&P 500 -0.85%, Dow Jones -1.05%, Nasdaq -0.37%. The S&P 500 on Friday closed lower on concern about a sooner-than-expected Fed rate hike after the very strong U.S. retail sales and consumer sentiment reports. In addition, retail stocks moved lower, led by a -13% plunge in Nordstrom, after the retailer cut its full-year earnings forecast and added to evidence that the U.S. department-store industry is in a deep and probably permanent slump. Stocks were boosted by improved confidence about the U.S. economy after U.S. Apr retail sales rose +1.3% and +0.8% ex-autos, stronger than expectations of +0.8% and +0.5% ex-autos, and by the +6.8 point increase in the U.S. May University of Michigan U.S. consumer sentiment index to an 11-month high of 95.8, stronger than expectations of +0.5 to 89.5.
June 10-year T-note prices (ZNM16 -0.11%) this morning are down -3 ticks. Friday's closes: TYM6 +12.00, FVM6 +5.25. Jun T-notes on Friday closed higher on increased safe-haven demand with the sell-off in stocks. T-notes were above to shake off the strong U.S. retail sales and consumer sentiment reports.
The dollar index (DXY00 -0.05%) this morning is down -0.059 (-0.06%). EUR/USD (^EURUSD) is up +0.0016 (+0.14%). USD/JPY (^USDJPY) is up +0.23 (+0.21%). Friday's closes: Dollar Index +0.426 (+0.45%), EUR/USD -0.0068 (-0.60%), USD/JPY -0.39 (-0.36%). The dollar index on Friday rallied to a 2-1/2 week high and closed higher on increased chances for a Fed rate hike after the strong U.S. Apr retail sales and May U.S. consumer sentiment reports.
June WTI crude oil (CLM16 +2.16%) this morning is up +90 cents (+1.95%) at a 6-1/2 month high. June gasoline (RBM16 +1.44%) is up +0.0206 (+1.30%) at a 2-week high. Friday's closes: CLM6 -0.49 (-1.05%), RBM6 +0.0049 (+0.31%). Jun crude oil and gasoline on Friday settled mixed. Crude oil prices were undercut by the rally in the dollar index to a 2-1/2 week high and by the ongoing U.S. crude oil supply glut with U.S. crude inventories at +33% above their 5-year average. Crude oil prices received a boost from Baker Hughes' report that the number of active U.S. oil rigs fell by another -10 rigs to 318 in the week ended May 13, the fewest in 6-1/2 years.
GLOBAL EVENT CALENDAR05/16/2016
US 0830 ET May Empire manufacturing index expected -3.06 to 6.50, Apr +8.94 to 9.56.
1000 ET May NAHB housing market index expected +1 to 59, Apr unch at 58.
1100 ET USDA weekly grain export inspections.
1600 ET USDA Weekly Crop Progress.
1900 ET Minneapolis Fed President Neel Kashkari holds a town hall meeting on Too Big to Fail at the University of Minnesota.
JPN 0200 ET Japan Apr machine tool orders, Mar -21.2% y/y.
June E-mini S&Ps (ESM16 +0.16%) this morning are little changed, up +0.25 of a point (+0.01%). Friday's closes: S&P 500 -0.85%, Dow Jones -1.05%, Nasdaq -0.37%. The S&P 500 on Friday closed lower on concern about a sooner-than-expected Fed rate hike after the very strong U.S. retail sales and consumer sentiment reports. In addition, retail stocks moved lower, led by a -13% plunge in Nordstrom, after the retailer cut its full-year earnings forecast and added to evidence that the U.S. department-store industry is in a deep and probably permanent slump. Stocks were boosted by improved confidence about the U.S. economy after U.S. Apr retail sales rose +1.3% and +0.8% ex-autos, stronger than expectations of +0.8% and +0.5% ex-autos, and by the +6.8 point increase in the U.S. May University of Michigan U.S. consumer sentiment index to an 11-month high of 95.8, stronger than expectations of +0.5 to 89.5.
June 10-year T-note prices (ZNM16 -0.11%) this morning are down -3 ticks. Friday's closes: TYM6 +12.00, FVM6 +5.25. Jun T-notes on Friday closed higher on increased safe-haven demand with the sell-off in stocks. T-notes were above to shake off the strong U.S. retail sales and consumer sentiment reports.
The dollar index (DXY00 -0.05%) this morning is down -0.059 (-0.06%). EUR/USD (^EURUSD) is up +0.0016 (+0.14%). USD/JPY (^USDJPY) is up +0.23 (+0.21%). Friday's closes: Dollar Index +0.426 (+0.45%), EUR/USD -0.0068 (-0.60%), USD/JPY -0.39 (-0.36%). The dollar index on Friday rallied to a 2-1/2 week high and closed higher on increased chances for a Fed rate hike after the strong U.S. Apr retail sales and May U.S. consumer sentiment reports.
June WTI crude oil (CLM16 +2.16%) this morning is up +90 cents (+1.95%) at a 6-1/2 month high. June gasoline (RBM16 +1.44%) is up +0.0206 (+1.30%) at a 2-week high. Friday's closes: CLM6 -0.49 (-1.05%), RBM6 +0.0049 (+0.31%). Jun crude oil and gasoline on Friday settled mixed. Crude oil prices were undercut by the rally in the dollar index to a 2-1/2 week high and by the ongoing U.S. crude oil supply glut with U.S. crude inventories at +33% above their 5-year average. Crude oil prices received a boost from Baker Hughes' report that the number of active U.S. oil rigs fell by another -10 rigs to 318 in the week ended May 13, the fewest in 6-1/2 years.
GLOBAL EVENT CALENDAR05/16/2016
US 0830 ET May Empire manufacturing index expected -3.06 to 6.50, Apr +8.94 to 9.56.
1000 ET May NAHB housing market index expected +1 to 59, Apr unch at 58.
1100 ET USDA weekly grain export inspections.
1600 ET USDA Weekly Crop Progress.
1900 ET Minneapolis Fed President Neel Kashkari holds a town hall meeting on Too Big to Fail at the University of Minnesota.
JPN 0200 ET Japan Apr machine tool orders, Mar -21.2% y/y.
Educational only and not trading advice (EO&NTA) 
Good trading to all
Good trading to all
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brokebybernacke2
- Posts: 1955
- Joined: Wed Sep 21, 2011 10:10 am
Re: 05/14/2016 Weekend Update
fehro wrote:could be a very very very slow bleed..
http://ciovaccocapital.com/wordpress/in ... ervention/
right now, i cannot see that, there is still a few tricks in the central bank bag, they will need an excuse (beyond a healthy 20% correction) to use them....still expect another bull cycle before we get to that scenario....