2014/01/23: TrendView VIDEO: Global View (late)
© 2014 ROHR International, Inc. All International rights reserved.
The analysis videos are reserved for Gold and Platinum Subscribers
TrendView VIDEO ANALYSIS & OUTLOOK: Thursday, January 23, 2014 (late)
Global View: All Markets
The Chinese PMI-driven equities weakness this morning was rather pronounced, but it took weak US data on top of that to drive the March S&P 500 future back down below the important 1,827-1,824 Negated short-term channel DOWN Break area. And that is very important on both the near-term technical trend implications, and what can be viewed as a significant short-term psychological development affecting all asset classes in one way or another.
Any further weakness after the late session rebound to the very low end of that area could indicate a test of the 1,800 area is in order. On the other hand, a holding action on Friday into or especially back above it might rescue the bull trend. That would point toward another push up to challenge the 1,846.50 all-time high from the end of last year. The equities, and by extension govvies and foreign exchange, are on a critical short-term trend cusp.
The video timeline begins with macro (i.e. fundamental influences) factor discussion of the degree to which the equities are going to be more of a psychological decision at the end of this week than an economic one. That is due to the critical economic data vacuum on Friday. The one factor that might be telling is a speech from Davos into lunchtime in the US by ECB president Draghi. And that is a risk factor for equities due to his focus on "structural reform" versus any sort of aggressive accommodation of late.
It moves on from there to the March S&P 500 future short-term trend view at 03:00 and intermediate-term at 05:05, then the other equities from 06:55, with govvies analysis beginning at 10:30 and short money forwards at 15:25. Foreign exchange begins with the US Dollar Index at 19:30, jumping over to Europe at 20:20 and Asia at 24:10, including a look at the ultra-long term Australian dollar chart. That is followed by the cross rates at 30:10 that includes the expanded EUR/GBP weekly chart, and a return to the March S&P 500 future for short term charts and summary comment at 36:15. That is quite a bit longer than usual due to the need to discuss the psychological factors. We suggest using the timeline cursor to access the analysis most relevant for you.
[The Weekly Report & Event Calendar and 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
2014/01/27: TrendView VIDEO: Global View (early)
2014/01/27: 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: Monday, January 27, 2014 (early)
The Chinese PMI-driven equities weakness from last Thursday morning was reinforced by weak US data, and there was every reason to believe that would spill over into Friday unless the equities were higher right from the opening on Friday. Of course they weren’t, and the slide fed on itself throughout Friday as we might have expected. That was very apparent in the March S&P 500 future early trading slipping back below the 1,810 area trading low from early the previous week, and then timely breaking the 1,804 congestion and daily up channel support for a fresh DOWN Break.
Further weakness after lunch took it below the 1,787-85 support, with 1,770-62 the more major support below that. But wait! The continued weakness of emerging market equities this morning has NOT seen the developed economy equities weaken much more. This is reminiscent of the late-1990s reactions, when the developed economy markets actually benefitted after a time from the outflows from emerging markets. They still needed to be invested somewhere, and headed for the developed economy markets. Whether it will be the same in this cycle is yet to be seen.
The video timeline begins with macro (i.e. fundamental influences) factor discussion of the degree to which the equities are going to be impacted by not only a lot of end-of-month data, but also Wednesday afternoon’s FOMC rate (non-)decision and plain statement (no press conference this time.) And that especially relates to what Janet Yellen does with Ben Bernanke’s parting commitment to reduce QE by $10 billion per month. That is going to be very interesting in the context of the weakness in emerging markets.
It moves on from there to the March S&P 500 future short-term trend view at 02:35 and intermediate-term at 03:45, then the other equities from 06:00, with govvies analysis beginning at 09:20 and short money forwards at 13:50. Foreign exchange begins with the US Dollar Index at 18:10, jumping over to Europe at 19:20 and Asia at 22:30, followed by the cross rates at 27:20, and a return to the March S&P 500 future for short term charts and summary comment at 32:50. We suggest using the timeline cursor to access the analysis most relevant for you.
[The Weekly Report & Event Calendar and Friday’s Current Rohr Technical Projections - Key Levels & Select Comments are 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...