2014/03/11: TrendView VIDEO: Global View (early)
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TrendView VIDEO ANALYSIS & OUTLOOK: Tuesday, March 11, 2014 (early)
Global View: All Markets
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
2014/03/12: TrendView VIDEO: Concise Highlights (early)
2014/03/12: TrendView VIDEO: Concise Highlights (early)
© 2014 ROHR International, Inc. All International rights reserved.
The analysis videos are reserved for Gold and Platinum Subscribers
TrendView VIDEO ANALYSIS & OUTLOOK: Wednesday, March 12, 2014 (early)
While the US equities managed to hold well in spite of the weakness in Europe late last week into Monday, the broader sense of global weakness began to take its toll yesterday into this morning. While beginning the week in a fairly neutral position, by late yesterday the June S&P 500 future weakened down to key short term up channel support in the mid-1,850 area. Even allowing slippage below it (i.e. a near term DOWN Break) might only be part of an overdue correction, the next key trend support is back into the 1,840-35 area.
The rationale for it to weaken further on a day with little US economic data is apparent in the weak overnight economic indicators out of Australia, Japan and the Euro-zone. That is reinforcing a general sense of weakening global economic tendencies this week. And it is becoming even more important for Europe that its equity markets are nearing much more important supports than the still relatively elevated US equities.
The video timeline begins with macro (i.e. fundamental influences) factor discussion of the influences noted above, and also the degree to which the basis for those global economic concerns began with the very weak Chinese export numbers on Monday.
It moves on from there to the June S&P 500 future short-term trend view at 01:20 and intermediate-term at 03:00, then the other equities from 06:30, with govvies analysis beginning at 09:15 (including discussion of the significant discounts in the June contracts) and skips short money forwards and most foreign exchange due to the tendencies being very consistent with yesterday morning’s Global View video analysis. Yet the situation in several currencies warranted a quick update this morning after mention of the US dollar and Europe being kind of stagnant this morning at 14:00, including AUD/USD at 14:20, USD/JPY at 16:10 and EUR/AUD at 17:20 prior to a return to the June 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.
[The Weekly 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
Read more...