Weekly outlook for Jan 16 Jan

Transcription

1 Weekly outlook for Jan 16 Jan TREND DIRECTION S&P 500 Oil Gold Short Term Intermediate-Term Long Term weak strong strong weak Strong Less strong strong weak strong Conclusion: S&P500 indicator is expected to travel within a defined trading channel, and keeps the price steady. The long-term top for S&P500 index hasn't been seen yet. Any decent pullback will be bought by new buyers. Oil is expected to have a rollover contract move and could see the price make a pump and dump move. GOLD could have a ultra-short-term correction first by pulling back into the $ zone first before it breaks through the $1200 level to move higher. Copyright 2017 by Ltd. All rights reserved. This newsletter is for education purpose only. It does not provide individual investment advice. Nothing in this document should be construed as a solicitation to buy or sell any security. Ltd. does not advocate the purchase or sale of any security or investment. In making any investment decision, you will rely solely on your own review and judgment. Past performance is not an indication of future performance. Ltd. shall have no liability of whatever nature in respect of any claim, damages, loss or expense arising out of or in Page 1 of 8

2 1. SP500 index (ESmini, and SPY): Intermediate term The Long-term momentum trend indicator BUY signal remains strongly bullish. There was not much change last week. Based on April, 2016 the intermediate-term momentum trend indicator BUY signal also remains strongly bullish. The rising wedge pattern trend for the S&P500 (ES mini and SPY) is UP and BULLISH. SPX weekly chart Jan. 13, 20 The weekly PMO indicator continues to accelerate and encourages buyers to hold onto their long positions. But intermediate term slow STO indicator has an extremely overbought condition, and we suspect that it will fall shortly. The lower boundary of the rising wedge pattern around is expected to be a major support zone for the intermediate term. Copyright 2017 by Ltd. All rights reserved. This newsletter is for education purpose only. It does not provide individual investment advice. Nothing in this document should be construed as a solicitation to buy or sell any security. Ltd. does not advocate the purchase or sale of any security or investment. In making any investment decision, you will rely solely on your own review and judgment. Past performance is not an indication of future performance. Ltd. shall have no liability of whatever nature in respect of any claim, damages, loss or expense arising out of or in Page 2 of 8

3 SPX Short-term SPX Daily chart, Jan. 13, 2017 Based on Nov the short-term momentum trend BUY signal remains up too. The current short term uptrend for the S&P500 (ES mini and SPY) held the price up by going sideways, while the PMO indicator turned declining and bearish. The index defined a trading channel by decreasing volume, and we expect the price will continue to travel within the current trading channel for this week. The bottom of channel at is expected to be tested once this week if there is a lack of internal energy. Copyright 2017 by Ltd. All rights reserved. This newsletter is for education purpose only. It does not provide individual investment advice. Nothing in this document should be construed as a solicitation to buy or sell any security. Ltd. does not advocate the purchase or sale of any security or investment. In making any investment decision, you will rely solely on your own review and judgment. Past performance is not an indication of future performance. Ltd. shall have no liability of whatever nature in respect of any claim, damages, loss or expense arising out of or in Page 3 of 8

4 2. Oil ($WTIC, CL) Intermediate term WTIC Weekly chart, Jan. 13, 2017 The Long-term momentum trend indicator BUY signal remains strongly bullish. There was not much change last week. Based on Dec Longterm Trend momentum indicator the SELL signal didn't change The long term downtrend has a correction. But a longterm PMO BUY signal is accelerating and suggests that the correction hasn't completed yet. Copyright 2017 by Ltd. All rights reserved. This newsletter is for education purpose only. It does not provide individual investment advice. Nothing in this document should be construed as a solicitation to buy or sell any security. Ltd. does not advocate the purchase or sale of any security or investment. In making any investment decision, you will rely solely on your own review and judgment. Past performance is not an indication of future performance. Ltd. shall have no liability of whatever nature in respect of any claim, damages, loss or expense arising out of or in Page 4 of 8

5 2. Oil Short term for oil is UP. WTIC Daily chart, Jan. 13, 2017 Based on Sept 2016 intermediate-term trend indicator BUY signal, the intermediate term trend for oil is up. But the weekly PMO indicator is rising with overbought condition. Last week had a minor pullback. The bottom of the intermediate term uptrend channel at $45 level will be a major support. Based on the Dec. 1, 2016 short-term trend indicator BUY signal, the current short term trend direction The price pulled back to its Ultra-short-term momentum indicator's support line last week. The daily 200ema line will be major short term trend support level at $47.50, and we expect it to hold the price up this week. The daily PMO indicator is declining, so the short term pullback could continue this week. The oil futures contract will a rollover this week. The Oil price could have a big rollover price move. Copyright 2017 by Ltd. All rights reserved. This newsletter is for education purpose only. It does not provide individual investment advice. Nothing in this document should be construed as a solicitation to buy or sell any security. Ltd. does not advocate the purchase or sale of any security or investment. In making any investment decision, you will rely solely on your own review and judgment. Past performance is not an indication of future performance. Ltd. shall have no liability of whatever nature in respect of any claim, damages, loss or expense arising out of or in Page 5 of 8

6 3. GOLD (GC, GLD) Intermediate term turned up. Gold weekly chart, Jan. 13, 2017 Based on the Oct Long-term momentum trend indicator SELL signal, the long term trend for GOLD is DOWN and BEARISH and didn't change last week. the Based on Dec strength of the intermediate-term momentum trend indicator SELL signal gets weak, and almost turns to neutral. The weekly PMO indicator stopped declining last week and weekly STO indicator The indicators indicate GOLD is going to change the intermediate term direction. But the overhead intermediate term resistance zone $ can't be ignored. We expect the sellers will prevent price from popping very much. Copyright 2017 by Ltd. All rights reserved. This newsletter is for education purpose only. It does not provide individual investment advice. Nothing in this document should be construed as a solicitation to buy or sell any security. Ltd. does not advocate the purchase or sale of any security or investment. In making any investment decision, you will rely solely on your own review and judgment. Past performance is not an indication of future performance. Ltd. shall have no liability of whatever nature in respect of any claim, damages, loss or expense arising out of or in Page 6 of 8

7 Gold Short term Based on Jan the shortterm momentum indicator NEUTRAL signal remains unchanged. The daily PMO indicator maintained its BUY signal and rose, but remains under its neutral level. $1200 level is psychological resistance line. It is difficult to break through on first testing. The $ zone must holds up and keep fighting the sellers Gold daily chart, Jan. 13, 2017 if the price is to move higher. Once GOLD breaks through the $1210 level and closes above it, the price could pop up to the next intermediate term resistance zone $ Gold will bounce again, but we expect GOLD price could pullback first before it breaks the $1200 level later due to the overbought Slow STO condition. Copyright 2017 by Ltd. All rights reserved. This newsletter is for education purpose only. It does not provide individual investment advice. Nothing in this document should be construed as a solicitation to buy or sell any security. Ltd. does not advocate the purchase or sale of any security or investment. In making any investment decision, you will rely solely on your own review and judgment. Past performance is not an indication of future performance. Ltd. shall have no liability of whatever nature in respect of any claim, damages, loss or expense arising out of or in Page 7 of 8

8 4. WEEKLY ECONOMIC REPORTS Copyright 2017 by Ltd. All rights reserved. This newsletter is for education purpose only. It does not provide individual investment advice. Nothing in this document should be construed as a solicitation to buy or sell any security. Ltd. does not advocate the purchase or sale of any security or investment. In making any investment decision, you will rely solely on your own review and judgment. Past performance is not an indication of future performance. Ltd. shall have no liability of whatever nature in respect of any claim, damages, loss or expense arising out of or in Page 8 of 8