Saturday, October 16, 2010

Opex and monthly Pivot Analysis with some MA analysis

Opex and monthly Pivot Analysis
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COMP: Closed above October Opex R pivot, so it should test next Opex R: at 2570, that means COMP can push other index like SPX to test 1222 DJI to test 11489, OEX to test 551

eur/usd: I am not sure if it will test 1.4359 and then 1.4853. I am getting 2 conflicting signals.
DXY: I am not sure if it will test 75.338 and then 72.84. I am getting 2 conflicting signals on this one too.
eur/jpy: I am not sure if it will test 119.71 I am getting 2 conflicting signals on this one too.

EEM to test 47.74 (not far). This is monthly R pivot.
GLD closed above opex r pivot, so it should test 141.59 next opex R pivot

MA Analysis
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2 Sectors are ready to start the downturn on monday (based on monday's action). They are ITB (Home Construction) and IYG (Financial Services)
Eur/chf started the downtrend on Friday.