This chart shows USOIL, West Texas Intermediate Crude Oil futures, on a monthly timeframe. Plotted on the chart are our SCMR Dynamic Levels™, which dynamically plot support / resistance zones and are accurate at finding targets. This indicator is available in the TradingView App store under Analysis Suite - SCMR Trends. The BIG QUESTION: Is crude bottoming...
This chart shows GLD, the major ETF proxy for Gold prices, on a Daily timeframe. Plotted on the chart are our SCMR Trends™, which accurately identify price trends and behaviors , and SCMR Dynamic Levels™, which dynamically plot support / resistance zones. Both are available in the TradingView App store. Today is significant because after a lengthy decline in...
This chart shows EUR/USD, the Euro Currency, on a Weekly timeframe. (NOTE: Updated chart below, accidentally clicked off the Dynamic Levels that were supposed to be in the above chart) Plotted on the chart is SCMR Trends™, which sequences price to find the correct behavior and identify good setups. It is available (along with other indicators in the package) in...
This chart shows SPY, the major ETF proxy for the S&P500 index, on a Daily timeframe. Plotted on the chart are our SCMR Trends™, which sequences price to find the correct behavior, and SCMR Dynamic Levels™, which dynamically plot support / resistance zones. Both are available in the TradingView App store. Following a confirmed reversal on Oct 20th (see "O"...
This is a year-to-date chart scaled on a percentage basis that outlines the relationship between the US Dollar, 20 yr+ Treasuries, Gold, Energy (think oil, gas etc), the Euro, and the US Real Esate Index. These represent the different investment classes in the market (rate-sensitive instruments, earnings sensitive instruments, and hard assets). As you can see...
In the top pane is this month's latest Manufacturer's New Orders: Nondefense Capital Goods, compared against the SPX, both on a Monthly timeframe. Plotted in the second pane is the rolling 12 month percent change in new orders. Note that this data is as of 6-14 but is the newest published data. This indicator is released by the Federal Reserve Board and is...
In the top pane is this month's latest Industrial Production Index, compared against the SPY, both on a Monthly timeframe. Plotted in the second pane is the rolling 12 month percent change in industrial production. The IPI is an indicator prepared by the Federal Reserve Board using data from the Bureau of Labor and Statistics to measure the total output from...