DOW- flat …..important support DIA $176.27
S&P-flat, slight up bias……..important support SPY $204.75
NASDAQ-medium DOWN bias, QQQ to work eventually to $104.49 support
RUSSEL-flat…..important support IWM $123.36
OIL- high DOWN bias, USO eventually to test double bottom $15.61
VIX-medium to medium/high volatility
GOLD- down bias, but slight bottoming tail last week..important resistance GLD $114.03
SILVER-down bias, Bottom Tail last week, LOOKS ready to work move up, watch SLV
COPPER-High up bias, Bottom tail last week, watch JJC
No Greek agreement! Market in the toilet.
If we were to lose 2040, we’ll probably see an elevator down move to the next stop at about 2009. Under that, and we’re in a serous correction.
I’m trying something new! Been following CFTC report for a while, but now take it further.
Logging the Commercials futures weekly change and match them to the markets change. This is forecasting tracking and if anyone wants me to post weekly, I will!
Last week I Called for a flat week, which we had, Volatility was high!
Here is the start of my tracking project:
week ending 07/09/15….(this is the weekly change)
$DJI-flat +30
$SPX-flat 0
QQQ-flat -.30
futures 07/09/15 …….( this is the % greater on the Long or Short)
DJI- 2% short
S&P- 5% long
NASDAQ- 19% short
Russel- flat
Silver- 18% short
copper- 63% long
Gold- 30% short
us oil- 50% short
Europe oil- 8% short
I agree… it’s time to start layering in some shorts. The Greece news gave us this nice rally but I see nothing else to spark a higher move. Unless there’s a real fix over the weekend I just don’t see a big rally to new highs yet. http://rt.com/business/272926-greece-banks-leaks-collapse/
with future options pointing, see this week as:
DOW- flat …..important support DIA $176.27
S&P-flat, slight up bias……..important support SPY $204.75
NASDAQ-medium DOWN bias, QQQ to work eventually to $104.49 support
RUSSEL-flat…..important support IWM $123.36
OIL- high DOWN bias, USO eventually to test double bottom $15.61
VIX-medium to medium/high volatility
GOLD- down bias, but slight bottoming tail last week..important resistance GLD $114.03
SILVER-down bias, Bottom Tail last week, LOOKS ready to work move up, watch SLV
COPPER-High up bias, Bottom tail last week, watch JJC
Have a good week
$Doug OUT!
At some point when the market bottoms I’m sure they’ll have a miracle deal come through.
No Greek agreement! Market in the toilet.
If we were to lose 2040, we’ll probably see an elevator down move to the next stop at about 2009. Under that, and we’re in a serous correction.
Later, Crawford
Truly sad that they are able to put up a stature promoting Satan.
FOEGOT
VIX- 30% long
Didn’t have time to study yet on it but I will put it on Sunday night
Externalization of the hierarchy https://twitter.com/RT_com/status/619806610182041600
Sure Doug… post away. What is your interpretation of what it says for this coming week?
I’m trying something new! Been following CFTC report for a while, but now take it further.
Logging the Commercials futures weekly change and match them to the markets change. This is forecasting tracking and if anyone wants me to post weekly, I will!
Last week I Called for a flat week, which we had, Volatility was high!
Here is the start of my tracking project:
week ending 07/09/15….(this is the weekly change)
$DJI-flat +30
$SPX-flat 0
QQQ-flat -.30
futures 07/09/15 …….( this is the % greater on the Long or Short)
DJI- 2% short
S&P- 5% long
NASDAQ- 19% short
Russel- flat
Silver- 18% short
copper- 63% long
Gold- 30% short
us oil- 50% short
Europe oil- 8% short
Have a GREAT weekend all!
$Doug OUT!
I agree… it’s time to start layering in some shorts. The Greece news gave us this nice rally but I see nothing else to spark a higher move. Unless there’s a real fix over the weekend I just don’t see a big rally to new highs yet. http://rt.com/business/272926-greece-banks-leaks-collapse/