Trading with point and figure

[Dentalfloss]

dax
lookin like a top...no guarantees...lol

 

[Dentalfloss]

at this point we dont know if its a p/b in an uptrend or a new minor downtrend

 

[Dentalfloss]

oil/wti

oil/wti seems to control index
res starts at 31.60 to 31.70
lets see how it handles that

 

[Dentalfloss]

staying under $32.00 for wti/oil..not good for index
no guarantees

 

[Moneylender]

time for tea n toast here, maybe have better luck after a break.

 

[dowsp]

I thought that around 24th January maybe a pivot...and at the moment unless ideally Sundays high 16122 or last Fridays high at 16137 is taken out...

I think that the US Indices should continue to sell this week..

Fridays High seemed to hit a trendine coming down from the Dec 30th 2015 high..that may hold to take it back down again...which I suspect maybe quite a large sharp decline..

But...I did think we may see 16177 to 16200 hit.. So I will consider this maybe be possible still upto the Cash Market Opens at 14.30 hrs up to 15.08/ hrs UK That I would normally allow upto..

but around 15.30....16.30 and 1800 hrs may also be important today with re to these reports..

may rally at 14.00 hrs....if low forms for a while until US Mkts open..

14.00 MXN Unemployment Rate (Dec) 4.07% 4.10%
1 min MXN Unemployment Rate n.s.a. (Dec) 3.88% 3.96%
14.00 EUR French 12-Month BTF Auction -0.366%
1 min EUR French 3-Month BTF Auction -0.376%
14.00 EUR French 6-Month BTF Auction


15:30 USD Dallas Fed Mfg Business Index (Jan) -15.0 -20.1
16:30 ** USD 3-Month Bill Auction 0.255%
16:30 USD 6-Month Bill Auction 0.370%
18:00 ***** EUR ECB President Draghi Speaks

Next Timing date would be 30th Jan ... then if that dont find a low...some dates for February that I have in mind..

I am curious on the Dow to see if it will break below 15300... It last main Aug 2015 low was 15370 on the cash market..

I am wondering if it does will it test pre 2007 highs of about 14200 or the 38.2% retrace of the last ranges since 2009 lows and May 2015 high..at around 13800 if I recall..

The SPX well and truely broke its 24th August 2015 low last week..so is that a indication the Dow will break its 2015 low..?

Theres a Fed Interest rate decision Wenesday 27th Jan..

19:00 USD FOMC Statement
19:00 USD Fed Interest Rate Decision 0.50% 0.50%

Some important Reports on Tuesday 26th Jan,

10:45 **** GBP BoE Gov Carney Speaks
12:30 BRL Current Account (USD) (Dec) -2.55B -2.93B
12:30 BRL Foreign direct investment (USD) (Dec) 6.50B 4.93B
13:55 USD Redbook (YoY) 1.4%
13:55 USD Redbook (MoM) -1.2%
14:00 *** USD House Price Index (MoM) (Nov) 0.4% 0.5%
14:00 USD House Price Index (YoY) (Nov) 6.1%
14:00 USD House Price Index (Nov) 227.5
14:00 USD S&P/CS HPI Composite - 20 s.a. (MoM) (Nov) 0.8% 0.8%
14:00 USD S&P/CS HPI Composite - 20 n.s.a. (YoY) (Nov) 5.7% 5.5%
14:00 USD S&P/CS HPI Composite - 20 n.s.a. (MoM) (Nov) 0.1% 0.1%
14:00 MXN Retail Sales (YoY) (Nov) 5.1% 4.8%
14:00 MXN Retail Sales (MoM) (Nov) 0.4% 0.3%
14:45 USD Services PMI (Jan) 54.0 54.3
15:00 ***** USD CB Consumer Confidence (Jan) 96.5 96.5
15:00 USD Richmond Manufacturing Index (Jan) 3 6
15:00 USD Richmond Manufacturing Shipments (Jan) 0
15:00 USD Richmond Services Index (Jan) 0
15:30 USD Dallas Fed Services Revenues (Jan) 15.2
15:30 USD Texas Services Sector Outlook (Jan) 3.3
16:30 USD 4-Week Bill Auction 0.250%
18:00 USD 2-Year Note Auction 1.056%
21:00 KRW Consumer Confidence (Jan) 103
21:35 *** USD API Weekly Crude Oil Stock 4.600M
21:35 USD API Weekly Cushing Crude Oil Stock 0.063M
23:30 AUD MI Leading Index (MoM)

 

[Dentalfloss]

DOW into the open

 

[Dentalfloss]

9690 area should be a decent supp area..imho

nailed

 

[Dentalfloss]

think it might get taken out
with 16k on dow
lets see

 

[Moneylender]

think it might get taken out

Its looking like a dump!

 

[Dentalfloss]

updated wti/oil

 

[Dentalfloss]

needs to test that 31.64 zone to be able to see the reaction
already had a test of our 30.50 area as we marked early this morning

 

[Moneylender]

9750 nailed, now where? 9800 again?

 

[Dentalfloss]

9750 nailed, now where? 9800 again?

keep an eye on wti levels i posted
testing that 50% area and trend res on chart posted
wti seems to be the driver ??

 

[Dentalfloss]

wti
excellent movement into our 50% area
index not happy if under 32.00 area

 

[Dentalfloss]

wti flirting with our 50% level......lol
index want to see some action...either way..lol

 

[Dentalfloss]

wti flirting with our 50% level......lol
index want to see some action...either way..lol

scalps in and out
excellent run

 

[Dentalfloss]

wti
updated
31 area needs to hold..aqua

 

[Moneylender]

going to take a break, I am finding it hard work today.
Lost a good few this morning but got them all back now plus
a few.

 

[Dentalfloss]

into $31.00...lets see if the bulls can take it higher