2015/05/27 TrendView VIDEO: Concise Highlights (early)
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TrendView VIDEO ANALYSIS & OUTLOOK: Wednesday, May 27, 2015 (early)
Concise Highlights
Only Concise Highlights on the equities activity and govvies seems warranted after Tuesday’s very extensive Global View of volatility in those two while foreign exchange followed through on our previous assessment of overall US Dollar Index strength. Which is not to say the foreign exchange is not interesting right now. Yet as opposed to the potential trend reversal in US equities and resilience of the govvies in the face of upbeat economic data, the currencies are merely continuing along the path we had suggested to their next critical thresholds.
The bottom line is that the sluggish nature of last week’s extension of the US equities rally was of some concern. That was on what should have been a fresh UP Break in the June S&P 500 future above the previous 2,119 all-time high. As that should have stimulated a more aggressive push up to higher resistances, it seemed vulnerable even if the burden of proof remained on the bears to knock it back below the key areas. As yesterday’s opening saw it drop back below that previous 2,119 all-time high and quickly slip below previously overrun 2,112-15 topping resistance from late April, the bears suddenly had the proof.
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Video Timeline: It begins with a macro (i.e. fundamental influences) mention of some of the factors noted above along with the degree to which data all seemed to improve from the middle of last week. Yet speeches by Mario Draghi and Janet Yellen on Friday seemed to still indicate US and Euro-zone recoveries were weaker than they would like. It also notes that the more major end-of-month data is pending on Thursday into Friday.
It moves on to the JUNE S&P 500 FUTURE short-term view at 02:30 and intermediate term at 04:45 with OTHER EQUITIES from 06:45, leading to GOVVIES at 11:00 (with the very critical BUND from 14:15) and only mention of SHORT MONEY FORWARDS at 17:20. Foreign exchange is also only mentioned (after Tuesday’s full analysis), with the US DOLLAR INDEX at 17:45, Europe at 18:15, ASIA at 19:00 and CROSS RATES at 20:00 prior to returning to the JUNE S&P 500 FUTURE short term view at 20:20 for a final look.
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Authorized Gold and Platinum Subscribers click ‘Read more…’ (below) to access the balance of the opening discussion and TrendView Video Analysis and General Update. Silver and Sterling Subscribers click ‘Read more…’ (below) to access the balance of the opening discussion.
2015/05/28 TrendView VIDEO: Concise Highlights (early)
2015/05/28 TrendView VIDEO: Concise Highlights (early)
© 2015 ROHR International, Inc. All International rights reserved.
The analysis videos are reserved for Gold and Platinum Subscribers
TrendView VIDEO ANALYSIS & OUTLOOK: Thursday, May 28, 2015 (early)
Only Concise Highlights on the S&P 500 (with mention of the other equities activity) and govvies seems warranted after Tuesday’s very extensive Global View and the Wednesday Concise Highlights reviewed other equities and govvies. While foreign exchange followed through on our assessment of overall US Dollar Index strength, that has only hit targets set out in Tuesday’s Global View and reacted modestly from them for now. Even the yen falling to a new current trend low that finally hit the USD/JPY major Falling Wedge pattern 124.16 Objective (incredibly signaled on the February 2012 UP Break above 77.20) must be reassessed in light of that. Which is not to say foreign exchange is not interesting right now. Yet as opposed to the potential trend reversal in US equities and resilience of the govvies in the face of upbeat economic data, currencies have merely continued along the path to their next critical thresholds.
The bottom line is that the sluggish nature of last week’s extension of the US equities rally was of some concern. That was on what should have been a fresh UP Break in the June S&P 500 future above the previous 2,119 all-time high. As that should have stimulated a more aggressive push up to higher resistances, it seemed vulnerable even if the burden of proof remained on bears to knock it back below key areas. And even though Tuesday’s opening saw it drop back below that previous 2,119 all-time high and quickly slip below previously violated late April 2,112-15 topping resistance, Wednesday’s strong recovery brings that into question again. The burden of proof has shifted back to the bears for now.
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Video Timeline: It begins with a macro (i.e. fundamental influences) mention of some of the factors noted above along with the degree to which data all seemed to improve from the middle of last week. Yet the weaker Japanese Retail Trade and UK GDP (and subsets) this morning does seem to be weighing a bit on the equities and boosting govvies. It also notes that more major end-of-month like US GDP data is still pending into Friday.
It moves on to the JUNE S&P 500 FUTURE short-term view at 03:00 and intermediate term at 06:40 with only mention of OTHER EQUITIES from 09:30, leading to GOVVIES at 10:45 (with the very critical BUND from 13:45) and only mention of SHORT MONEY FORWARDS at 16:45. Foreign exchange is also only mentioned (after Tuesday’s full analysis), with the US DOLLAR INDEX at 17:45, Europe at 18:10, ASIA at 18:45 and CROSS RATES at 19:30 prior to returning to the JUNE S&P 500 FUTURE short term view at 19:40 for a final look.
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Authorized Gold and Platinum Subscribers click ‘Read more…’ (below) to access the balance of the opening discussion and TrendView Video Analysis and General Update. Silver and Sterling Subscribers click ‘Read more…’ (below) to access the balance of the opening discussion.
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