2014/01/17: TrendView VIDEO: Global View (early)
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TrendView VIDEO ANALYSIS & OUTLOOK: Friday, January 17, 2014 (early)
Global View: All Markets
While there has been some divergence, it is still important to note the quick recovery out of Monday’s weakness in the equities. That is most apparent in the March S&P 500 future not remaining below Monday’s 1,827 short-term channel DOWN Break. That has that area back into support for an attempt to push up through resistance at the 1,846.50 high that it neared on Wednesday. That is the hurdle to reaching the weekly topping line and oscillator resistance that moves up to the 1,865-70 area into next week.
The video timeline begins with macro (i.e. fundamental influences) factor discussion of the degree to which the equities remain bullish on mostly positive economic data in spite of last Friday’s US Employment numbers. As we have noted, that was likely due to anticipation of weak US Retail Sales on Tuesday morning that did NOT materialize. And some of the ‘country’ divergence due to considerably different data is reflected in all the asset classes.
That still includes the govvies maintaining their firm tone on a general sense of weak inflation numbers, with the foreign exchange showing the reinstatement of the weak Asia versus strong Europe tendencies.
It moves on from there to the March S&P 500 future short-term trend view at 01:05 and intermediate-term at 02:45, then the other equities from 03:30, with govvies analysis beginning at 05:55 and short money forwards at 11:40. Foreign exchange begins with the US Dollar Index at 14:50, jumping over to Europe at 16:00 and Asia at 19:00, followed by the cross rates at 24:00, and a return to the March S&P 500 future for short term charts and summary comment at 28:50. We suggest using the timeline cursor to access the analysis most relevant for you.
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The TrendView VIDEO ANALYSIS & OUTLOOK is accessible below.
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2014/01/20: Tech & Comments: Full Analysis
2014/01/20: Technical Projections and Select Comments (as of Friday’s US Close)
© 2014 ROHR International, Inc. All International rights reserved.
Technical Projections and Select Comments: Monday, January 20, 2014 (as of Friday’s US Close)
Current Rohr Technical Projections - Key Levels & Select Comments are available in the sidebar (with the full analysis also linked to the graphic on the left.)
[The current Weekly Report & Event Calendar is also already available via the title link in the right-hand sidebar]
We have elected to hold off on the typical weekend global multi-asset class TrendView Video analysis. That is both due to today’s Martin Luther King Day holiday for all US markets, and the degree to which our Friday morning video anticipated much of what was going to be trend-critical early this week. It is the case that all markets are now more or less following through on our very extensive Friday morning multi-asset class TrendView Video analysis. That includes the govvies still keeping the bid with a lot of divergence.
That extends to foreign exchange seeing even greater divergence on the Australian dollar’s sharp reversal of its early week strength last week into the failure we suspected was still possible. And the degree was even a bit greater than anticipated on the utter failure from the AUD/USD .9000-50 resistance area last Monday into utter failure to a new low that left a major ‘outside week’ along the way.
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