2014/03/11: TrendView VIDEO: Global View (early)
© 2014 ROHR International, Inc. All International rights reserved.
The analysis videos are reserved for Gold and Platinum Subscribers
TrendView VIDEO ANALYSIS & OUTLOOK: Tuesday, March 11, 2014 (early)
Even with the weakness of the equities in Europe late last week into Monday, the US equities managed to hold on in the wake of another substandard (even if slightly better than estimated) US Employment report. That is a testament to the degree to which the global equities psychology right now (even Europe) seems to remain bullish. The more extensive technical trend support remains somewhat below the European equities as well in spite of the regional geopolitical tensions. US equities have been able to look past that and the weakness of yesterday’s Chinese Trade numbers after Friday’s new S&P 500 high.
What is most important, and originally covered at length in today’s TrendView Video, is the success the S&P 500 future had in pushing not just to a new all-time high, but also above key weekly oscillator resistance in the 1,865-70 range last week. As the March contract remains the lead contract until next week Thursday, our focus on the June S&P 500 future means the analysis will need to account for the 7.00 premium in the March contract until then. That means any dip back to 1,863-58 in the June contract is only back to near term support. And with mixed economic data this morning (German Trade Balance as expected but on higher volumes), the technical trend picture will be more important.
The video timeline begins with macro (i.e. fundamental influences) factor discussion of the influences noted above, and also the shift to June contracts for all markets based on futures analysis. It also notes that the OECD Composite Leading Indicators were rolled into its Interim Assessment that is friendly on developed economies (with caveats) yet downbeat on Emerging Market Economies. It also noted that global trade volumes may have peaked for this cycle at relatively modest levels.
It moves on from there to the June S&P 500 future short-term trend view at 02:20 and intermediate-term at 04:10, then the other equities from 08:40, with govvies analysis beginning at 11:20 (including discussion of the significant discounts in the June contracts) and short money forwards at 19:15. Foreign exchange begins with the US Dollar Index at 22:20, jumping over to Europe at 23:00 and Asia at 25:20, followed by the cross rates at 28:40, and a return to the March S&P 500 future at 32:20 for a final view and additional perspective. We suggest using the timeline cursor to access the analysis most relevant for you.
[TheWeekly Report & Event Calendar is available via the link in the sidebar]
The TrendView VIDEO ANALYSIS & OUTLOOK is accessible below.
Authorized Gold and Platinum Subscribers Click ‘Read more’ to access TrendView Video Analysis General Update