= 060 Daily Indicator (Trend) Review

Larry Stanczak Rank: 45 Followers: 14 Votes: 37 Years Member: 14 Last Update: 16 December 2017, 16:52 Categories: Trend Analysis
Market Timing
Support / Resistance Lines

Long Term: Bullish>2595; Intermediate Term Bullish>2625; Short Term Bullish>2650
The purpose of this list is to assess market trend and risk using Intermarket analysis of Commodities; Currencies; Bonds; and Stocks as well as Risk Appetite (VIX, CPC, Rato Studies, etc) and Foreign Markets. Nomenclature: Intermediate Trend (IT): 3 or more Months; Short Term (ST) generally 3 days to 3 weeks.

Version 2 has some added charts and has been restructured to make it easier to navigate to only those studies of interest. The series from 000 to 400 are relationship studies and 500 to 700 are candlestick charts of major indexes and ETF's. 000 - Commentary & Macro view; 100 - Commodities; 200 - Currencies; 300 - Bonds; 400 - Stocks; 500 - Candle Charts for Commodities, Currencies and Bonds; 600 - Domestic Stock Indexes; 700 - Foreign Stock ETFs.

How I use it: I review the entire series before the open and after the close. Once acquainted with the relationships in play I keep an eye on the candle components using the summary view during the trading day.

The purpose of this list is to make macro level calls I may cite trades I have put on or am considering as examples. These are not recommendations as that engenders a different series of charts and analysis.
I welcome all feedback, questions and recommendations. I am very open minded and enjoy the discourse as it helps me continually improve this list and my analysis.


000 Commentary

12/15/2017 Levels to Be Aware of

2684/2700 ? Monthly R1; Weekly R1; Weekly R2; Round Number
2680 - Last Week High; All-Time High (12/15/17)

2676 ? Last Week Close; All-Time Closing High (12/15/17)

2669 ? Weekly PP
2658 ? Weekly S1
2650/2651 ? 10 DMA; Last Week Low
2641/2642 ? Weekly S2; Low of two weeks ago
2630 ? 20 DMA; Weekly S3
2621 ? Monthly PP
2594/2600 ? 50 DMA; Round Number
2580/2584 ? Prior Support/Resistance; Monthly S1
2557 - Nov 17 Low
2536 ? 100 DMA
2520/2521 ? Oct 17 Low; Monthly S2
2500/2501 ? Round Number; 150 DMA
2484 ? Monthly S3
2468 ? 200 DMA (close 8.4% above)
2447 ? Sep 17 Low
2406/2417 ? Jun 17 Low; Jul 17 Low; Aug 17 Low; 10% below $SPX High
2400 ? Round Number
2349/2353 - May 17 Low; 38% Retracement of rally from Feb 2016 Low to $SPX High

010 Correlations: TNX, SPX, CRB, USD Daily

Intermarket Relationships
- US Dollar and Commodities trend in opposite directions
- Bond prices and Commodities trend in opposite directions
- Bond prices and Stocks are inversely correlated
- Bond Yields and Stocks trend in the same direction
- Stocks and Commodities are correlated
At tops, the typical rotation is Bond Yields peak first, Stocks second and commodities last. This order is less reliable at bottoms.

112 CRB, SPX Daily

131 WTIC, USD (SPX) Daily

141 GOLD (GDX) Daily

Gold Miners (GDX) often lead Gold (GLD)

148 COPPER, USD (SPX) Daily

150 Commodities/Gold Ratio Daily

202 USD, CRB (SPX) Daily

232 Risk Currencies/Yen Ratio Daily

310 SPY:TLT (SPY) Ratio Weekly

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