2014/01/31: TrendView VIDEO: Global View (early)
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TrendView VIDEO ANALYSIS & OUTLOOK: Friday, January 31, 2014 (early)
Global View: All Markets
The emerging markets implosion has returned this morning after the failure of central bank moves on Tuesday to fully reverse the week psychology. It is a bit ironic that this should occur while most of the overnight data out of Asia and Europe was reasonably firm, even if the Euro-zone inflation numbers were weak enough to focus on the concerns over the general weakness of the European economy. Obviously that is also of importance to the emerging markets.
And of course there are the additional concerns over the FOMC deciding it is okay to further taper the Fed QE program at yesterday's meeting. That has brought criticism from the emerging economies' financial luminaries (especially India's central bank governor) that the fed is not being sensitive enough to market conditions. Possibly that's something they expected to be the case because the emerging markets were given some support during previous crises to prevent a broader correction in developed market economies and equity markets (1997, etc.) And now we are going to get the extended indication of whether the developed economy equities will define the overall trend after the initial selloff; and even the near term fate of the emergings.
Which is what makes the March S&P 500 future decision on whether to hold or break the low end of the 1,770-62 support that was neared in the wake of the FOMC decision on Wednesday so critical. As we noted yesterday, that was still critical for the balance of the week… and especially now that the return of emerging market pressure has the March S&P 500 future right back down challenging it this morning. Next significant support is not until down in the 1,735 area with a buffer to 1,720 Fibonacci retracement support.
The video timeline begins with macro (i.e. fundamental influences) factor discussion of the degree to which the equities were psychologically driven by the emerging markets situation, and how much more critical all that is in the wake of the FOMC QE taper announcement today. It also discusses that irony in the economic data being mostly constructive; but that is strictly rearview mirror influence into a fresh critical decision.
It moves on from there to the March S&P 500 future short-term trend view at 02:55 and intermediate-term at 04:35, then the other equities from 08:55, with govvies analysis beginning at 11:35 (including an expanded weekly chart of the Bund) and short money forwards at 17:40. Foreign exchange begins with the US Dollar Index at 20:10, jumping over to Europe at 21:15 and Asia at 24:00 (including a monthly chart of AUD/USD), followed by the cross rates at 29:20, and a there is no return to the March S&P 500 future for due to how extensively that was reviewed in the opening phase of the video. We suggest using the timeline cursor to access the analysis most relevant for you.
[The Weekly Report & Event Calendar and last Friday’s Current Rohr Technical Projections - Key Levels & Select Comments 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
2014/02/04: TrendView VIDEO: Global View (early)
2014/02/04: 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, February 4, 2014 (early)
The emerging markets implosion spilled over into affecting the developed markets in the worst way Monday morning: the realization that the US might be weaker than previously thought. While some might characterize the weak December Manufacturing PMI as merely weather related, there’s more weather on the way. Hard to say it’s a temporary problem when chance has it that it will be more sustained… at least for a little while.
Yet the equities spill has only taken most of them down to next significant supports, like the 1,735-20 in the March S&P 500 future. As such, the real decision as to whether this is a bigger trend reversal or only a long overdue correction is still a work in progress.
The video timeline begins with macro (i.e. fundamental influences) factor discussion of the degree to which the equities were psychologically driven by the emerging markets situation spilling over into the US. Monday’s weak ISM Manufacturing PMI was more than the previously resilient S&P 500 could bear, and hence the failure below the support noted above.
It moves on from there to the March S&P 500 future short-term trend view at 02:00 and intermediate-term at 04:30, then the other equities from 08:00, with govvies analysis beginning at 12:10 (including an expanded weekly chart of the Bund) and short money forwards at 18:15. Foreign exchange begins with the US Dollar Index at 21:55, jumping over to Europe at 22:30 and Asia at 25:30, followed by the cross rates at 29:55, and a return to the March S&P 500 future 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
Read more...