Market Pressures_

Copper feels as though it is looking for a bottom – remember it is China related.

Gold and silver continue lower.

Oil and Gas consolidating after the move down to 40-41. Looking for a long entry.

The US 30yr Treasuries are moving up in price.

The US dollar futures are still in the move up.

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S&P 500 Futures_ ESZ15

Monthly – The November Month appears to be closing very near its open. Trade pressures have returned to neutral. Volume – the October close was neutral. The next target up is 2201.

Weekly – Testing the next Weekly long entry confirmation level at 2094, again. Trade pressures are up. Volume has changed for neutral to bullish this last week. the 2117 old high should act as resistance.

Daily – Long from the 2057 long entry. The next target up is 2152. Trade pressures are up. Volume is very light but still bullish.

Raise the stop to 2071.

[12-3-2015 update: stopped out at the 2071 stop price.]

Market Pressures_

Metals. Copper testing new lows. Gold and Silver showing some consolidation around price targets.

Energy. Crude consolidating at a price level, but lower targets are nearby. Nat Gas long trade stopped out.

Bonds. US 30yr T-Bond is in a retracement long trade. Should take the first profit target.

The US dollar (DX) continues the long move up.

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S&P 500 Futures_

Monthly – The 2100 level has been tested four of the last five months and has resisted any breakout. Trade pressures are neutral. Volume was also neutral. 2201 is a new monthly long entry price.

Weekly – The 2094 long entry level was tested again this week. Trade pressures are up but showing divergence. Volume has turned neutral from bullish. Perhaps some profit taking?

Daily – Long. A V-shaped reversal up stopped the short trade out at the 2047 level. A new long entry at 2057 was triggered. The next target up 2152. Trade pressures are up. Volume is bullish.

Going into a holiday week. Set the stops at the entry price of 2057.

Market Pressures_

All Metals declined this week with gold testing old lows and Copper breaking its lows.

Crude oil continues the move down. Nat Gas shows a new long entry.

The US 30 Yr Tbond reached projected price targets and is near a new long entry.

The US Dollar (DX) remains strong. The euro is the mirror image becoming weaker.

These terrible events in Paris will add to the World’s uncertainties.

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S&P 500 Futures

Monthly – The 2100 level has been tested four of the last five months and has resisted any breakout. Trade pressures are neutral. Volume was also neutral.

Weekly – The new long entry of 2094 was touched but no close above. Trade pressures are up be turning down. Volume has changed from bullish to neutral.

Daily – Short. The long move up from 1908 almost reached the 2113 upside target and then was reversed with the close below 2074. In two short trading days the first profit target of 2016 was met. The next target down is 1959, which would represent a 7% “correction”.

Trade pressures are down. Volume is bearish.

Move stops down to 2047.

Market Pressures_

Gold and silver continue lower.

Copper lower but coming into multiple support levels.

Crude Oil is lower but volume is mixed.

Nat Gas has signaled higher.

30yr Treasuries are higher on prospective rate increases.

The US Dollar is much higher, which reflexively affects these markets.

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S&P 500 Futures_

Monthly – The October month closed in the green. Trade pressures are down but rising. Volume remains neutral. 2172 is the next upside target.

Weekly – testing the 2094 Long confirmation level. Trade pressures are up. Volume is bullish but declining rapidly. The next target up is 2237.

Daily – Within a whisker of reaching the 2117 all time highs. The rotation to the financials might be the necessary catalyst. The next target up is 2136. Trade pressures are up and volume remains bullish.

A close below 2074 would signal lower.

[Update 11-11-15: closed below 1074. First profit target is 2016, with the 200 day moving average offering support at 2047. Stops at 2087.]

[Update at the close 11-12-15; Closing near the 200 day support at 2047. Lower stops to 2062.]

Market Pressures_

Copper pulling back, looking for a new long entry.

Gold and silver moving lower.

Crude is under pressure; Nat Gas as well.

After some volatility, the US 30yr T-Bond is moving lower (price).

The US Dollar has tested it upper channel boundary.

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S&P 500 Futures_

Monthly – the monthly short confirmation was never broken on close. Trade pressures are down but rising. The next target up is 2172. Volume close the October month as neutral.

Weekly – Trade pressure are up. Volume is bullish. a close above 2094 would confirm the move up.

Daily – In the long trade from the 1908 long entry. The 2051 profit target was met and is now acting as support. Trade pressures are up, but extended. Volume has changed from bullish to bearish at the close of the week.

A close below 2059 would signal lower.

Market Pressures_

Copper and the precious metals have failed to move higher amidst new ECB easing.

Oil and Gas have turned down as well. Crude may signal a new short trade.

The 30 yr Treasury Bonds signaled a new short entry.

The US dollar (DX) turned higher testing the upper bound of it’s yearly channel.

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S&P 500 Futures.

Monthly – the 25×5 moving average has acted as support these last three months. Trade pressures are down. The month close of the Volume was neutral. The monthly target up is 2203. The monthly target down is 1538.

Weekly – The 1822 target which was reached with the sell off in August has turned out to be the low. Trade pressures are up. Volume is Bullish. A close above 2094 will confirm the move up. The next weekly down side target remains 1640.

Daily – Flat. In the move up from 1908 clearing all the prior targets including the 2051. The extended target of 2113 is the next projection. Trade pressures are up. Volume is bullish.

A close below 2038 would signal lower.

Market Pressures_

Copper is consolidating at an upside target; still a China proxy.

Gold and silver have made moves up to targets.

Crude attempted a move up but was stopped at the first profit target.

The 30 Yr T-Bonds are acting as a safe haven with targets just above the current price levels.

The US Dollar is under pressure.

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S&P 500 futures_

Monthly – Price moved up off the monthly 1896 short confirmation level. Trade pressures are down. The September month volume closed neutral changing from the prior month’s bullish.

Weekly – Still a confirmed short. Trade pressures are rising thru neutral to up. Volume has been bullish for three weeks. A close above 2094 would confirm a change from Short to Long.  1640 is still a weekly downside target.

Daily – Flat. No trade. In the move up from the 1908 long entry. The first profit target of 1978 was reached and taken. The move has continued up toward the next profit target of 2051. Trade pressures are up but declining. Volume is still bullish.

Need a close below 1990 to signal a new short trade.

 

Market Pressures_

Copper is long.

Gold and silver saw a move up.

Crude is long and Nat Gas is showing some signs of life.

The long US T-Bond is trying to signal a new short, but not yet.

The US Dollar (DX) is signalling lower.

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S&P 500 Futures_

Monthly – Price is sitting on the 1896 short confirmation level. Trade pressures are down. The September month volume closed Neutral changing from the prior month’s bullish.

Weekly – Still in the move down. Trade pressures have turned to neutral. Volume have turned to a net neutral from bullish. The 1822 target is still active.

Daily – Long. Long from the Monday open price of 1941. Traded thru the 1978 first profit target. Since this is a move up inside the weekly down move, take the first profit target. Trade is stopped out at 1978.

Trade pressures are up. Volume is bullish.

A new close below 1978 could signal lower.

Market Pressures_

Both Copper and Gold rallied with the US equity markets.

Crude Oil indicators are turning up, a possible entry is nearby.

US Treasury bonds are in a move up, but look for a possible short signal.

The US Dollar is in upward consolidation after the late August sharp move down.

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S&P 500 Futures_

Monthly – Price is sitting on the 1896 short confirmation level. Trade pressures are down. The September month volume closed Neutral changing from the prior month’s bullish.

Weekly – The Chart is bearish. Trade pressures are down but beginning to rise slightly. Volume has turned to bullish from the prior week’s bearish.

Daily – Long . The Friday volatile action closed above the 1905 long entry. The first profit target up is 1978. Use any pullback on Monday to attempt an entry near the long entry price.

Trade pressures are neutral, but almost ready to turn up. Volume close on Friday changed to Bullish from bearish.

Market Pressures_

Copper is looking lower.

Gold has made a nice move up; perhaps more to go.

The Crude oil move up has stalled. Need a new signal.

The 30yr T-Bond is attempting a new move up; watching for a volume signal.

The $US (DX) is influencing all these markets.

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S&P 500 Futures_

Monthly – The adjusted upside target is 2203. A confirmation of a short is now the 1896 level. Trade pressures are down. Volume ended in August as bullish.

Weekly- In a confirmed down move. Trade pressures are down but rising. Volume turned back to bearish after four weeks of consolidation. 1822 is the next target down.

Daily – Flat. Stopped out of the short trade from 1952 at 1924.  The next target down is 1843. Trade pressures are extended down. Volume has changed to bearish.

The directional changes are rapid so watching the 60 minute charts. The intraday target was 1895 and is now a likely support area. If the oversold condition resolves itself it could be from this area. Need a bullish change in indicators and a close above 1942 to start a new move up.