Friday morning February Web 25-Jim Wyckoff Log
* MARKET - FROM JIM DAY *.
Thursday market price action still sector
leader crude oil was critical. Price gross April
the session in camera of low after having struck a new
2. the high 5-year-old $103.41 per barrel at the beginning.
Thursday price action formed a bearish purchase
"exhaustion tail" on the daily chart at the #, whereby
buying interest dried up to higher levels and
average price retracted to close down and close the
session low as bulls becomes exhausted. Thursday
the share price is an indication that a short-term market top
is in place for crude oil. If crude oil is indeed
Place in a top market you've specified that it is also probably look
still on the market have made same.--Jim
IMPLEMENTATIONS OF STOCKS
S & P 500 communities: short-term moving averages
are neutral today. 4-
Moving average day is less than 9 - and 18 days.
9 Days are above the moving average of 18 days.
Short-term oscillators are
neutral today at the beginning. Today, most short-term technical
modern comes to 1,320.50 and you've specified for this
s week high of $1,334.30. Buy cases likely to reside
just above these levels. Support of inconvenience for
active traders today is located in the night
1,301.70 soon and that you have specified at the bottom of this week of
1,293.00 Sell stops are likely located just below
These levels. Rating market Intra-day number of Wyckoff:
5.5
NASDAQ stock index future: moving more short-term
averages are neutral today.
4-Day mobile average is less than 9 - and 18 days
day. 9-Day average is over 18 days. Short
the term oscillators are
s bullish today. Short-term technical
the modern is located at 2,334.75 and that you specified in
2,350.00 Buy likely fair resident above judgments of those
levels. The downside, short-term support is considered
at 23.00 2,315 and that you specified in the 2,300.00. Sell stops are
probably located just below these levels. The Wyckoff
Number intra-day market Rating: 6.0
Dow future: stop selling capable of lies just below
12,050 support and you have specified more stops just below
support for 12 000. Buy cases likely just resident
over 12,185 modern technology and that you specified in
12,200. Short-term moving averages are neutral
Today is at the beginning like 4 days below moving average
9 days. 9-Day mobile average is above the
moving average of 18 days. More short-term oscillators
are bearish today.
The Wyckoff Intra-day market Rating number: 6.0
HE U.S. BONDS AND NOTES
March U.S. T-Bonds: moving averages over short-term
are now bullish at the beginning. 4 Days
the moving average is above 9 - and 18 days. The
nine days is above the moving average of 18 days.
Oscillators are bearish
Today, at the beginning. Modern short-term lies at the
121 high night 17/32 and you've specified for this week
high of 121 28/32. Buy cases likely just resident
over these levels. Technical support more short-term
sur lies low 120 Thursday 26/32 and you have specified at 120
16/32. Sell cases likely resident just below those
levels. The Wyckoff Intra-day market Rating number: 4.0
March to the United States T-bonds
134 4/32 - lifetime high
moving average of 124 4/32-100 - day
122 14/32-the second pivot point modern
Months back-122 5 / 32 high s
121 29/32-the first modern pivot point
days 121 28/32-previous high
days 121 13/32-previous close
121 12/32-pivot point
120 27/32-the first point support pivot
day 120 26/32-previous low
120 18/32-4 - day moving average
120 10/32-the second pivot point support
119 21/32-9 - day moving average
months back-119 8 / 32s low
119 6/32-18 days moving average
116 32/26-life low
March U.S. T-Notes: moving averages over short-term
are now bullish at the beginning. 4 Days
the moving average is above 9 - and 18 days. The
nine days is above the moving average of 18 days.
Oscillators are neutral
Today, at the beginning. Modern short-term lies at the
top 120.02.5 night and you've specified for this week
Top of 120.11.5. Buy cases likely just resident
over these levels. Technical support more short-term
lies in 119.24.0 and that you have specified in the 119.16.0. Sell stops
resident likely just below of these levels. The Wyckoff
Number intra-day market Rating: 4.5
March United States T-Notes.
127-7/32 - lifetime high
moving average of 122 9/32-100 - day
previous-121 months 15/32 high s
120 19/32-the second pivot point modern
day 120 11/32-previous high
120 8/32 - the first modern pivot point
120 1/32 - pivot point
119 30/32-eve s. close
day 119 25/32-previous low
119 23/32-4 - day moving average
119 22/32-the first point support pivot
119 15/32-the second pivot point support
119 5/32-18 days moving average
moving average of 119 5/32-9 - day
months back-119 4 / 32s low
109 25/32-life low
US DOLLAR INDEX.
March U.S. dollar index is firmer in early
Commerce today on a short-covering tepid rebound.
Price hit a fresh low night nearly four months.
Bears have still some momentum technical disadvantage.
Slow stochastics are bearish dollar index
Today, at the beginning. The dollar index is shorter term
modern technology to high 77.52 s Thursday
and that you specified in the 77.74. Support short-term is considered to
76.97 low night and that you specified in the 76.75.
Number of Intra day market the Wyckoff rating: 5.0
CRUDE OIL
Crude oil prices are slightly higher in early
trade today following a volatile trade day
On Thursday. In April, crude, look to buy stops to
reside just above the $98 modern and that you specified in
$99.00. Want to sell stops just below of technique
$97.00 support and that you specified in $96. The Wyckoff
Number intra-day market Rating: 5.0
GRAIN
Prices were firmer in agenda trade agenda. I would
do not be surprised to see sideways and choppy trading
the next few weeks, of the utmost importance
USDA planting intentions report due out in late
March. My bias is that the upside is currently
limited in the grain markets.
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