Markets Macro Technicals Sven Henrich

February Charts Part I

February 15, 2016

$ES: The 4 hour magic stair step program is back for the first time in 2016:

ES4


Banking Index $BKX. 24% correction since the post Fed hike peak, with major resistance ahead:

BKXD

BKX weekly


February 14, 2016

Transports: Nice bounce, but could be building a bear flag. The historic context remains grim:

tran

TRANW


Deutsche Bank monthly chart:

DB M


Off the lows for a potential double bottom (or is it quintuple bottom going back to 2014?), but below key resistance and trend lines. Financials were saved at the monthly 50MA again:

XLF

$DJIA managed another save above the weekly 200MA:

DJIAW

and $ES held its now forever permanent support it seems:

ES W

Sentiment remains in the gutter:

AAII

and markets remain oversold:

NYSI W

This coming week is OPEX week and the BOJ has a keen need to stabilize its currency:

USD:JPY

Never a dull moment in 2016.  Happy trading 🙂

February 12, 2016

We’re still off, but here’s an $ES chart with levels of interest:

ESD


February 10, 2016

Closing Print: We’re off Thursday & Friday so have a good rest of the week!

$SPX weekly: There was a time when markets rallied big on Chair Yellen. No more. Rallies still don’t sustain. Next week is OPEX week. Markets remain below basic MAs:

SPXW


$RUT monthly:

RUT M


$XVG Value Line Geometric Index:

XVG


$BPSPX: What a deadly chart

BPSPX


$ES: Still far below key MAs. Structure looks familiar.

ES


February 9, 2016

Closing Print: All about Janet Yellen tomorrow. The set-up: Highly oversold market with small caps below their weekly Bollinger Band and a weekly RSI of 30. Double bottom or bust it seems:

IWM W


$SPX vs $HYG $RSP $INSAX $JNK: Total breakdown. Begs the question: Why haven’t we broken January lows?

Div


$NQ futures are on their lowest weekly RSI since 2008/09:

Screen Shot 2016-02-09 at 16.09.17


Asset bull/bear ratio has dropped to a new low in 2016:

Bull:bear


Only 5% of $NDX stocks are above their 50MA:

NDX


February 8, 2016

Nice rally off the lows today, but continued carnage in individual stocks.

$SPX weekly: Love this chart from a structural perspective. Tells you exactly what the market is facing:

SPX W


$BPSPX:

BPSPX


$DJIA hit its weekly 200MA again today:

$DJIA weekly


$M1 money supply.

M1


$DAX and $ES monthly charts

DAX50MA

ES M


February 7, 2016

$BPSPX: Replaying a script?

BPSPX


Weekly $RUT: These long term MAs will cross over. That’s structurally bearish:

RUT weekly


Gold chart from Mella updated to the one posted February 3rd:

GOLD


February 6, 2016

$SPX has yet to  touch its monthly 5 EMA in February.

SPX M


February 5, 2016

Closing Print: It moved it got shot. Especially in tech. Janet Yellen will be under pressure next week as she testifies in front of Congress and her rate hike decisions looks disastrous at the moment.

I’ll post more charts this weekend, but here’s the weekly $SPX chart:

SPXW


$NDX: Mayday Mayday Mayday

NDX


Bio dreck: $IBB weekly

IBB


$NDX Monthly: Hideous. Better hope $FB, $GOOG & $MSFT don’t crumble:

NDX monthly


Latest Market Analysis here: Ignorance at Work

$GS, $XLF, $DAX:

GS

XLF

DAX


February 4, 2016

2008 analog update:

analog


$NYA200$: 78.5% of stocks are still below their 200MA:

NYA


$BPSPX

BPSPX


$DJIA weekly:

DJIA w


February 3, 2016

$SPX closed right at the daily 5EMA and staged another impressive recovery after initially breaking down below a key trend line again which now brings the 2008 analog into question. This trend line has been a key battlefield during this correction. At some point $SPX will have a visit with its 50MA. Before OPEX or after? Details in tomorrow’s Daily Brief.

SPX arch


$VIX candle:

$VIX


Big jump in equal weight today. Commodities related it seems:

RSP


$GC chart by Mella. Price has not yet broken out.

GC


$NYAD vs $SPX: Much better today versus yesterday

NYAD vs SPX


Key time for global markets:

DJW

Financials are a big concern & need to find a sustainable bid:

BKX W


February 2, 2016

The freaky 2008 analog just keeps on ticking…until it doesn’t….

analog


$VIX chart from Mella:

VIX inverse


$NYAD vs $SPX

NYAD vs $SPX


Some updated signal charts:

NYMOD USHL NYSI NDX50AR


February 1, 2016

2008 analog update:

Analog


Market continues to act very technically as $ES hit its 50% Fib and rejected following a small bull flag formation.

ES4


$VIX ghost print tagged the daily middle Bollinger band and previous support perfectly before rejecting:

VIX


$SPX: Negative monthly MA cross. First time since 2008. Unless averted with a sustained move above 2000 this is a bearish signal:

SPXM


New month new game. Closing month market comments can be found here: Link

Update on the 2008 analog and the arch charts:

Analog arch

The material on this website is provided for informational purposes only, as of the date hereof, and is subject to change without notice and does not constitute investment advice.
Home AboutDisclaimerContact
Copyright © 2013-2017 NorthmanTrader
A Subsidiary of Capital Traders Ltd
The materials on this website may not be suitable for all investors and are not intended to be an offer, or the solicitation of any offer, to buy or sell any securities.