Can it hold major support around 1350?
Russell 2000 3-Year Weekly Chart
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Russell 2000 closes below 200-day average
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Category Archives: U.S. Indexes
U.S. unemployment rate at 4.30%
The current unemployment rate of 4.30% is below the 2007 low of 4.40%. Theoretically, there should be wage inflation at this “low” unemployment rate. But the year over year wage increase is a relatively benign 2.5%. Why would the Fed be in a rush to raise rates?
http://www.investopedia.com/terms/v/vix.asp
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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca
Volatility Index (VIX) at an extreme low of 9.36
Is this the calm before the storm?
http://www.investopedia.com/terms/v/vix.asp
______________________________
“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca
S&P 500 Index up 8.24 % for the first half of 2017
S&P 500 YTD Sector Performance
______________________________
“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca
Intermediate downtrend for West Texas Intermediate
West Texas Intermediate is testing major support in the $42 to $43 price zone. There is a high probability this support zone will not hold which would put a test of the $40 price zone in play. If you need another negative, the 50-day moving average has crossed below the 200-day moving average: the old death cross.
Reference my last chart analysis for WTI posted on May 4, 2017.
______________________________
“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca
Volatility Index (VIX) at an extreme low of 9.77
Is this the calm before the storm?
6-Year VIX Chart
http://www.investopedia.com/terms/v/vix.asp
______________________________
“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca
S&P 500 YTD Sector Performance
The winner is the technology sector which is up +14.11% ytd
S&P 500 YTD Sector Performance
______________________________
“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca
West texas Intermediate plunges 4.81% through $47 support
There is some support around $45 but the near-term downtrend will test major support around $43
West Texas Intermediate 8-Month Daily Chart
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