2013/11/25: Technical Projections and Select Comments (as of Friday’s US Close)

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Technical Projections and Select Comments: Monday, November, 25, 2013 (as of Friday’s US Close)

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Current Rohr Technical Projections - Key Levels & Select Comments

We have elected to hold off on the typical weekend global multi-asset class TrendView Video analysis. That is due to the very slow economic data today at the top of a very robust week. It is also the case that all markets are following through on our very extensive Friday morning multi-asset class TrendView Video analysis. You can go scroll down to see that if you are a Gold or Platinum subscriber.

Even for those of you at the Silver and Sterling subscription levels, our Friday afternoon 'It’s the Fed PR, stupid' post is the definitive extension of our opinion on why there will be NO QE taper until at least Dr. Yellen’s first meeting as Chairman in March.

And that underscores the market tendencies we have been discussing in the TrendView Videos of late, and especially the Thursday-Friday major decision by the Asian currencies. In a nutshell, the obviously continuing central bank accommodation has been very good for equities. December S&P 500 future is pushing up into the key low-1,800 resistance, with 1,835-40 next major resistance if it escapes.

That same QE-Infinity (regardless of whether the data improves into next month) is not so good for the US Dollar Index (with the exception of the yen and Aussie now being the co-weak sisters.)

It is also problematic for the fixed income pending further economic data. This is back to classic ‘good news is bad news’ and vice versa. Note how weak US data is helping a bit from last Thursday’s Philly Fed into today. That’s how the December T-note future was rescued from its test of the higher of the 126-00 and 125-16 supports last Thursday.

All of which is also explored in the attached technical projections and comments. We look forward to providing the typical early week global multi-asset class TrendView Video analysis after the US Close today.

Thanks for your interest.