Equities attempting to recover

2019年6月11日

Equities are attempting to recover and appreciation in bonds may have run its course. May be the start of a strong flow of capital into equities. Just cautiously watching what happens with Gold.
SPY
SPY
• Trend
o SPY (mnthly): remains in primary bull by trading above KS but a bearish candle suggests a retracement to TS or KS has potential. (mnthly KS) CAUTIOUS BULL
o SPY (wkly):trading above both TS and KS. BULL
• Candlesticks
o SPY (wkly): buyers strongly in control and committed on large extreme range candle BULL
• Resistance
o SPY (wkly): close by overhead CAUTIOUS
• PP Targets
o SPY (wkly): Upside 293.30
o SPY (wkly): Downside 283.20 / 277.54
• BBs
o BB width - continues down but near cyclical low. Potential for trending action soon. CAUTIOUS BULL
o Pct B - 87% (17%) and up suggests potential for upside move but watch BB resistance
• RRGs
o SPY starting to rotate higher. Potential recovery. CAUTIOUS BULL
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• VIX
o VIX (dly): at LT average - traders feeling moderately comfortable about position of the S&P500 CAUTIOUS BULL
• Market Breadth
o Market Breadth (dly): Bullish and above MA. Potential for continued recovery. CAUTIOUS BULL
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GLD
• Trend
o GLD (mnthly): bullish but trading within cloud and may see strong resistance above $135 (mnthly KS) BULL
o GLD (wkly): strong bullish follow through above TS and KS (wkly TS and KS) BULL
• Candlesticks
o GLD (wkly): buyers strongly in control but lost a small amount of commitment BULL
• Resistance
o GLD (wkly): close by overhead CAUTIOUS
• PP Targets
o GLD (wkly): Upside 127.93
o GLD (wkly): Downside 124.58
• BBs
o BB width - ticking up from cyclical low. Potential move higher CAUTIOUS BULL
o Pct B - 164% (79%) suggests strength but want to see follow through BULL
• RRGs
o GLD rotating up. Recovering in strength and momentum for potential move higher BULL
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TLT
• Trend
o TLT (mnthly): continued bullish activity above KS on candle where buyers are strongly in control (mnthly KS) BULL
o TLT (wkly): trend remains up (wkly TS and KS) CAUTIOUS BULL
• Candlesticks
o TLT (wkly): indecisive spinning top candle suggests strong potential for pullback CAUTIOUS
• Resistance
o TLT (wkly): within large overhead zone CAUTIOUS
• PP Targets
o TLT (wkly): Upside 132.84
o TLT (wkly): Downside 130.38
• BBs
o BB width - strong upside, at cyclical high. Potential exhaustion of move soon CAUTIOUS BEAR
o Pct B - 165% ticked down (192%) suggests may have seen peak CAUTIOUS BEAR
• RRGs
o TLT strongest in terms of strength and momentum. Looking for cyclical peak? CAUTIOUS BULL