6 – 10 July Trading week prep

Every week I share a bunch of stuff.
– Daily signals for MA Crosses and MA breakouts
– Market Reports
– Consolidated market data and more.
https://eod-notes.com/shared-content/

From last week:
Its hard not to FOMO in this market, everything goes up. This market seems relentlessness and no one can bring it down.
I have been wondering if remaining on the side lines is the right move.
Buying at this level feels like I have a 19 on blackjack and I am screaming “hit me”, It´s not nice odds to play with.

It´s hard to stay on the side line waiting, watching and not taking part. In the end I feel this will end up badly. When, I dont know.

Been coding a lot, trying some new stuff out and automating a lot of server maintenance.
Started re-reading Orwell’s books, felt like I cloud take a lot from his dystopias.

Long $LVO and $AG

My macro opinions for long term:

  1. We are heading lower, much lower on stocks.
    This just goes up and up. Bad news are good news. You the hell understands what´s going on.
  2. US bond yields are going to zero.
    It´s happening, not much to say
  3. Gold and silver will go a little bit lower before acting as safe heavens.
    Had a nice push early ion the week, finished weak and below key values
  4. Commodities will behave like gold, specially grains.
    Same from last week,grains are having a nice pump on the DXY decline.

Next Week:
I will keep looking for opportunities and setups.
I am not seeing any at the moment, just have to wait for them to come to me.

Meanwhile, will do more code stuff and probably start to plan a hosting migration for the blog.I want to provide more free content but my current host is very limited.

WTI
It´s moving in a awkward way. Moving up below the last trend line.
The inventories on WTI kept withdrawing and the prince didn’t flinch.
The 200 DMA keeps acting as a resistance.
The demand remains low, It´s a wait and see mood.

Oanda WTI CFD daily

Gold
Failed to close above the previous high. The technical setup is also bearish.
Several bearish divergences are triggering on the daily chart (red triangles).

Oanda Gold CFD daily

One thing to have in mind is the decoupling from the SP500 / Gold ratio correlations.
The ratio is moving towards bullish SP500 boosting the idea that gold need to consolidate a bit.

SPX / Gold Ratio
TANOS Analytics – Gold mean reversions

Also watching the XAUXAG for a trend break or continuation. In case of continuation, It can be huge for silver.

Oanda XAUAG CFD daily


SP500
The resistance on 3150 It´s proving hard to break.
It´s hard to have an opinion, despite my bias being bearish, I cant bring myself to short it.

Oanda CFD SP500 – daily

Bull / Bear line is showing indecision in the markets.

TANOS Market Gauge – SPX

Mean Reversion lines.

TANOS Analytics – SP500 mean reversions

For this week I will be looking into two signals for the SP500:
The correlation between ES1 futures volume and VIX settle ( I already talked about this a few weeks ago). It´s providing a bullish signal for the SP500 by providing a positive correlation to movement (VIX downtrend).

SP500 Volume Vs VIX Close

And SP500 2 day RSI is reaching oversold.

SP500 2D RSI

Dollar / Euro
This isn’t happening as fast as I though It would. Despite DXY keeps diving, the EURUSD and GBPUSD are holding in range. It´s a trade to keep watching.

Oanda EURUSD GBPUSD daily
TANOS Analytics – EURUSD mean reversion
TANOS Analytics – GBPUSD mean reversion

Shipping
I know I risk to sound like a broken record with this. This is going to be a very good trade once It starts moving to the right side. It´s a waiting game to buy of a trend reversal.
BDI keeps pumping.

https://stockcharts.com

Another Notes

Sentiment turned bearish. Despite SP500 and Nasdaq keep going to the moon. Investors are starting to be really bearish.

TANOS Market Gauge – Sentiment

Safe havens are moving sideways.

TANOS Market Gauge – Safe Havens

Insiders sold massively during the past week.

http://www.openinsider.com/

Interesting Articles

–Nothing I felt worth sharing

Events:
Check the full calendar here:
https://www.investing.com/economic-calendar/

Special notes on:
– USD ISM Manufacturing index
– CAD Jobs
– USD Jobs
– AUD Cash rate decision

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