Download presentation
Presentation is loading. Please wait.
Published byAbel Long Modified over 9 years ago
1
Web’s Weekly Roundup April 11, 2015 Twitter: @MarketWebs Presenter: Web Begole
2
Day trading, short term trading, options trading, and futures trading are extremely risky undertakings. They generally are not appropriate for someone with limited capital, little or no trading experience, and/ or a low tolerance for risk. Never execute a trade unless you can afford to and are prepared to lose your entire investment. All trading operations involve serious risks, and you can lose your entire investment. No trades are recommendations or advice and we cannot be sued for losses of capital. All trades are for educational purposes only. Contact your broker or RAI for execution, margin, and other capital requirements. Everyone watching presentation adheres to ALL disclaimers on www.optionhacker.com and www.keeneonthemarket.com RISK DISCLAIMER
3
Web’s Weekly Roundup -- April 11, 2015 Analysis of /ES (S&P 500 Futures) and forecast Analysis of /TF (Russell 2000 Futures) and forecast Analysis of /CL (Crude Oil Futures) and forecast Live Q&A w/Web!
4
/ES Futures (S&P 500) YTD 2015 4 Opening Price: 2047.25 Current Price: 2095.75 High: 2110.00 Low: 1962.50 O/C Change: +48.50pts H/L Range: 147.50 Notable Pattern: Value for April has been fully explored before break to upside. Will we find resistance at R1 for the month? Forecast: For the year we can see a massive consolidation pattern. Evidence of a market that doesn’t know where it’s going. Near term Targets: Upside: 2180 Downside: 1980
5
/TF Futures (Russell 2000) YTD 2015 5 Opening Price: 1199.40 Current Price: 1262.00 High: 1265.20 Low: 1134.90 O/C Change: +63.60pts H/L Range: 130.30pts Notable Pattern: April value area provided support and we continue to rise higher, closing Friday near the all time highs. Forecast: Continuing to lead the way with strength, I believe the small caps still have upside potential. Next Upside Target: 1283
6
/CL Futures (Crude Oil) YTD 2015 6 Opening Price: 56.72 Current Price: 51.77 High: 58.07 Low: 44.03 O/C Change: -4.95pts H/L Range: 14.04pts Notable Pattern: Since exploring below value mid March, we’ve been in an uptrend. Found resistance at top of April value the day before EIA numbers. Forecast: I think inside chop will continue for a while. The largest builds in 15 years seemed to have little lasting effect.
7
/CL Futures (Crude Oil) The past 20 years…. 7 Opening Price: 56.72 Current Price: 51.77 High: 58.07 Low: 44.03 O/C Change: -4.95pts H/L Range: 14.04pts Notable Pattern: This trendline, established in December 1999 has held through today… Forecast: New lows are not easy here, but a rally isn’t finding strength either.
8
Looking Ahead Overall: Gotta say: who knows anymore?! The market had little reaction to the Fed Minutes where it was noted there was disagreement about rate hikes, timing, amount, etc. For Crude Oil, the largest build in API numbers recorded in over 30 years this week, and the largest build in EIA numbers recorded in over 15 years. What did Crude do? A day of hard selling pressure followed by some decent retracement. So I’m overall neutral until something gets these markets to do *something* Small Caps look good though, go buddy go!
9
Q & A With Web Follow me on Twitter: @MarketWebs Live YouTube channel with /ES Levels and Market Internals Every Day the Market is Open From 9am EST – 5:15pm EST Other videos include a further discussion of value area and a demystification of the “VooDoo Lines” Search YouTube for MarketWebs and Look for this icon:
Similar presentations
© 2024 SlidePlayer.com. Inc.
All rights reserved.