Omnium Rerum Principia Parva Sunt

 

 

 

 

 


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“Sometimes the smallest things take the most room in your heart.” -Winnie the Pooh


Global Macro Movers 

CFTC Positioning as of 9/25/18. 


S&P 500 Index had a recent upside red Sequential Countdown on day 13 and a Combo 13 with nominal downside due to lack of pick flip down. There is a secondary Countdown pending on day 10 of 13 that could play out to nominal new highs. 

Nasdaq 100 Index still on day 9 of 13 with upside countdown. The Nasdaq 100 Index has seen both red Sequential and pink Combo 13 exhaustion signals last seen in January. 

The Dow Jones Industrial Average is on day 2 of 13 with an upside green Setup 9. 9-13-9 pattern. If below 26,500 there could be a new downside green Setup that could cancel the upside Countdown. 

IWM Russell 2000 and IWO Russell 2000 Growth below trend support levels (3 months or less).

IBB iShares Nasdaq Biotechnology ETF shows a red Sequential Countdown 13. With a lower high (wave 2) there is a new downside wave 3 price objective of 112.51.

The Dow Jones Transportation Average Index achieved the wave 5 upside price objective. Wave 3 worked well too. Watching 11,238 level. 

XLF Financials ETF has a recent upside Sequential Countdown 13. 29.18 was the wave 5 price objective. 

XLV Healthcare ETF shpws a secondary upside red Sequential Countdown 13 and Combo on day 11 of 13. Looking for a 5% pullback to the 50-day moving average. 

XRT Retail ETF (weekly) chart showing signs of a rollover taking place. With a weekly upside Sequential and Combo Countdown 13. 


DXY Index has a pending downside red Sequential Countdown on day 6 of 13 while there is an upside green Setup on day 5 of 9. Importantly the bounce has now qualified as wave 2 of 5 on the downside with a wave 3 price objective of 92.17. 

Euro bounced into resistance with a red upside Sequential Countdown pending still on day 7 of 13. Pullback to the 50-day moving average is the 4th wave down, however, if it breaks the wave 2 low the wave structure will change. 


Euro Stoxx 50 Index held the 50-day moving average and now has an upside red Sequential Countdown on day 3 of 13. 

Italian 10-year yield now in wave 5 with a 4.05% price objective. 

EEM Emerging Markets ETF failed to hold the 50-day moving average. It was an upside green Setup 9. A new upside red Sequential Countdown on day 2 of 13, nevertheless, it is back below the 50-day moving average. 

Brazil EWZ ETF now looks to make a bullish stance up 5% on the day. EWZ had a red Sequential Countdown cancelled since the supside green Steup 9 completed. Now after the Setup a new upside red Countdown has begun of day 2 of 13. 

Nikkei 225 Index now has a secondary upside red Sequential Countdown 13. There are now two Combo Countdown 13 upside exhaustion signals and the red Sequential 13. Using DXJ as a short proxy.  DXJ does not have the same Countdown fyi but I use the Nikkei with the strong record with the DeMark Indicators. 

FXI gapped down below the 50-day moving average. 


 

WTI Crude Futures still has an upside red Sequential Countdown but the green Setup 9 has worked well at inflection points. WTI on day 9 of 13 with upside Sequential Countdown. Green Setup 9 today could see a pullback. Wave 5 upside price objective is 78.27. Trend Factor price objectives: 74.31 & 77.85. 

Gold GLD above the 50-day first time since April.  After the downside Countdown 13 and now price flip up (green 1 trading higher than 4 previous closes) this is a buy. GLD now has a fourth DeMark exhaustion signal combined with the ultra-low bullish sentiment, and bearish positioning via CFTC. The trend down has been strong and a price flip is needed with a secondary downside Sequential Countdown 13 in place. 


US 10-year yield nearing a top with a red Sequential Countdown remaining on day 11 of 13. Last week there was a pink Combo Countdown 13 upside exhaustion signal. 

IEF iShares 7-10 Year Treasury Bond ETF has nearly bottomed; on day 12 of 13 ith a downside red Sequential Countdown. 

TLT iShares 20+ Year Treasury Bond ETF same story nearly at the bottom of the range. With a downside Sequential Countdown on day 12 of 13. 


-R.W.N II, yours in 322.

BanyanMe

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