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Uncertainly over the UNG ETF has played havoc with the Natural Gas Market. The fascination with retail investors over the flawed structure of the ETF defies common sense and the concept of risk adjusted return. Here is an excellent article from FT: The Problem with Commodity ETF’s or this series of UNG related articles from the [...]
Despite the Shanghai SSEC index breaking down a few days ago, the Hang Seng China Enterprises Index which which tracks the performance of larger cap weighted mainland China enterprises, has surprisingly held up comparatively well. The HSCEI is bearish and sitting on top of 61.8% daily Fib support. Today’s -3% drop to today’s lows fueled [...]
The pain never seems to end for Natural Gas. Weekly Fib timing Lows were due late July/early Aug did coincide with a small rally. However the pull of the commodity’s seasonal Lows due in Sept. are dragging the contract lower. The most recent rally failed exactly at the trendline connecting the recent highs on Natural [...]
Yesterday’s 14.35 high on the S&P Financials Index is close to the 1.618 Fib extension from the rally following the 42 trading day -17% decline in the $XLF index. The XLF declined -3.4% intra-day before closing at 13.98. Today the US Monthly Employment Report is reported before the open and sure to make any pre-market analysis [...]
The daily charts have gone parabolic. Here is where we currently stand at 10:45 on 6 Aug: Daily Trading Signals & Pivot, Support, Resistance Levels on S&P Market Sectors
At the March lows the Chinese markets were displaying a positive price divergence with the US equity markets. Now the Hang Seng China Enterprise Index is at major weekly and Fib resistance while the US is struggling just underneath 1014 - the 38.2% Fib resistance area. HSCEI overbought, 60 Min pattern turns solidly bearish < 11,732
恒生中国企业指数 The HSCEI has fully recovered its -5.8%, 1 day drop from last week. The next targets above last week’s high is 12,65 - 12,907. There is substantial Fib targets and potential resistance between 12,643 - 12,700 on the weekly charts. Daily Trading Signals The following signals were generated for 4 Aug:. High Continuation Signals are fired when the [...]
The S&P traded within Thursday’s trading range holding hourly support and performed another high level consolidation. (see 60 min chart below). The index caught a huge bid in the overnight Globex session + 9 points before the open. Daily Trading Signals The following signals were generated for 3 Aug: An Inside Day occurs when entire daily price range [...]
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