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11/10 Intermarket Wrapup
Sp500:Bull
DJI: Bull but aiming 2 supports from long term
NDX: N/A
COMP: Broke important level, however one other previous area to test
Russell 2000: More bull since previous days however leading to last level.
Nikkei 225: Short signal as support holds
Intermarket reversed:
Sp500: Bullish. However at major resistance from 2000. However targets not met based on setup
DJI: Bullish
NDX: Reached intermediate bull target
COMP: Turned bullish, however reached intermediate target.
Russel 2000: Bull
Nikkei 225: BULL
Naked Indexes:
Later on.
Can you help answer these questions from other members on NexusFi?
11/11 Intermarket Wrapup
Sp500: Bull
DJI: Bull
NDX: At a very interesting level. Odds are bear>bull
COMP: ^^^^^
Russell 2000: Pierced very key level=bullish but may look to retest bear.
Nikkei 225: Pierced key level=bullish as above, but may look to "hold support" and retest bear strength. Also note that on the naked chart, there are gaps left on intraday price.
Intermarket reversed:
Sp500: Bullish.
DJI: Bullish, little target left on bull move
NDX: ^
COMP: Bullish, going over intermediate target
Russel 2000: Bull
Nikkei 225: BULL
11/14 Intermarket Wrapup
Sp500: Bull
DJI: Bull
NDX: At a very interesting level. Odds are bear>bull
COMP: ^^^^^
Russell 2000: Bull
Nikkei 225: Broke intermarket support=bullish. However keep in note that there are gaps left on Intraday and N225 usually tries to fill.
Intermarket reversed:
Sp500: Bullish.
DJI: Intermediate target hit.
NDX: Little move left to hit fully.
COMP: Bullish,over intermediate target
Russel 2000: Bull
Nikkei 225: BULL
11/15 Intermarket Wrapup
Sp500: Bullish changed to neutral here. So bonds could have an edge from today.
DJI: Bull
NDX: At a very interesting level. Odds are bear>bull, last trendline resistance.
COMP: Bull
Russell 2000: Bull
Nikkei 225: Broke intermarket support=Bullish. However keep in note that there are gaps left on Intraday and N225 usually tries to fill.
Intermarket reversed:
Sp500: Bullish.
DJI: Bullish, over intermediate target
NDX: Hit intermediate target. Now neutral though Bull>bear
COMP: Bullish,over intermediate target
Russel 2000: Bull
Nikkei 225: BULL
11/16 Intermarket Wrapup
Sp500: (Bullish changed to neutral here. So bonds could have an edge from today.)
Turned out accurate from yesterdays forecast in day's session. Still feeling the same.
DJI: Bull
NDX: At a very interesting level. Odds are bear>bull, last trendline resistance.<<<
COMP: Bull
Russell 2000: Bull
Nikkei 225:Bullish. However keep in note that there are gaps left on Intraday and N225 usually tries to fill.
Intermarket reversed:
Sp500: Bullish/Neutral
DJI: Reacting at intermediate target=Neutral
NDX: Hit intermediate target. Now neutral though Bull>bear
COMP: Bullish,over intermediate target
Russel 2000: Bull
Nikkei 225: BULL
Naked Indexes:
Nikkei has broken almost every resistance possible in regards to trendlines. US indexes are showing strength.
However Europe remains rangebound while China...has no volume.
11/17 Intermarket Wrapup
Sp500: Bullish, pierced level from yesterday
DJI: Neutral
NDX: Bull
COMP: Bull
Russell 2000: Bull
Nikkei 225:Bullish though bias is neutral atm. However keep in note that there are gaps left on Intraday and N225 usually tries to fill.
Naked Indexes:
Nikkei has broken almost every resistance possible in regards to trendlines. US indexes are showing strength.
However Europe remains rangebound while China...has no volume.
11/18 Intermarket Weekend Wrapup
Sp500: Bullish, pierced level from yesterday...HOWEVER on an intermediate target level while bonds are oversold.....
DJI: Very cautious here. Confluence of support on intermarket which spells for bear edge. However market could always pierce and just blast off higher, but I am cautious here.
NDX: Bull
COMP: Bull
Russell 2000: Bull
Nikkei 225:Bullish
Miners: Like SLW, but want a little more downside for gold miners before attempt at long. And yes, I do know the dollar is at 13 year highs.
Airlines:Mostly bullish thanks to crude oil weakness. However ALK, DAL, UAL are my picks if I were to short.
Financials: Huge rally from post election and strong overall. I'd pick C, RY, and WFC if I were to short however. JPM reached intermediate bull target...USB has broken yearly resistance.
Oil: Still looking for a little upside move before larger downmove continues. Waiting for XOM and CVX.
Student Debt: Mostly all strong. However I like SLM for a short play.
Dow 30 Stocks: 9 bull, 10 bear, 11 neutral
NQ 100 on the other hand is an index I'm getting more bearish on. Rest of the majors like Russell are strong but NQ I'm starting to build a case for short.
11/21 Intermarket Wrapup
Sp500: Bullish
DJI: Neutral, at a key level. could see reversal.
NDX: Bull
COMP: Bull
Russell 2000: Bull
Nikkei 225:Bullish. Although I've attempted a short at EU session highs.
Naked Indexes:
US indexes are bullish although, NQ is divergent.
Europe remains stagnant...China has been rallying but leading to resistance.
I can see a deadcat bounce play coming into Bonds to set up a LH on Daily Charts.
