Best of the Week
Most Popular
1. Next Financial Crisis Is Already Here! John Lewis 99% Profits CRASH - Retail Sector Collapse - Nadeem_Walayat
2.Why Is Apple Giving This Tiny Stock A $900 Million Opportunity? - James Burgess
3.Gold Price Trend Analysis - - Nadeem_Walayatt
4.The Beginning of the End of the Dollar - Richard_Mills
5.Stock Market Trend Forecast Update - - Nadeem_Walayat
6.Hindenburg Omen & Consumer Confidence: More Signs of Stock Market Trouble in 2019 - Troy_Bombardia
7.Precious Metals Sector: It’s 2013 All Over Again - P_Radomski_CFA
8.Central Banks Have Gone Rogue, Putting Us All at Risk - Ellen_Brown
9.Gold Stocks Forced Capitulation - Zeal_LLC
10.The Post Bubble Market Contraction Thesis Receives Validation - Plunger
Last 7 days
Next Tory Leader, Prime Minister Forecast and Betting Market Odds - 18th Nov 18
The Fed's Misleading Money Supply Measures - 17th Nov 18
Stock Market Outlook: Why the Economy is Bullish for Stocks Going into 2019 - 17th Nov 18
NO DEAL HARD BrExit Tory Chaos, Theresa May Leadership Challenge - 17th Nov 18
Gold vs Several Key Investments - 17th Nov 18
GDX Gold Mining Stocks Q3 18 Fundamentals - 17th Nov 18
Is Gold Under or Overpriced? - 17th Nov 18
Active Managers are Bearish on Stocks. A Bullish Contrarian Sign - 16th Nov 18
Will The Fed Sacrifice Retirement Portfolio Values For The "Common Good"? - 16th Nov 18
BrExit War - Tory Party About to Replace Theresa May for NO DEAL BrExit - 16th Nov 18
Aspire Global Makes Significant Financial Strides - 16th Nov 18
Gold Oil and Commodities …Back to the Future ? - 16th Nov 18
Will Oil Price Crash Lead to “Contagion” for the U.S. Stock Market? - 15th Nov 18
How NOT to Be Among the MANY Stock Investors Fooled by This Market Myth - 15th Nov 18
Tory BrExit Chaos Cripples UK Economy, Wrecks Housing Market Confidence - 15th Nov 18
Stocks Could End 2018 With A Dramatic Rally - 15th Nov 18
What Could Be the Last Nail in This Stock Bull Markets Coffin - 15th Nov 18
Defensive Stock Sectors Outperforming, Just Like During the Dot-com Bubble - 15th Nov 18
Buying Your First Home? Here’s How to Save Money - 15th Nov 18
US Economy Ten Points or Ten Miles to ‘Bridge Out’? - 14th Nov 18
US Stocks: Whither from Here? - 14th Nov 18
Know exactly when to Enter&Exit trades using this... - 14th Nov 18
Understanding the Benefits of Keeping a Trading Journal - 14th Nov 18
S&P 500 Below 2,800 Again, New Downtrend or Just Correction? - 13th Nov 18
Warning: Precious Metals’ Gold and Silver Prices are about to Collapse! - 13th Nov 18
Why the End of the Longest Crude Oil Bull Market Since 2008? - 13th Nov 18
Stock Market Counter-trend Rally Reaches .618 Retracement - 13th Nov 18
How to Create the Best Website Content and Generate Organic Traffic - 13th Nov 18
Why the Stock Market Will Pullback, Rally, and Roll Into a Bear Market - 13th Nov 18
Stock Markets Around the World are Crashing. What Not to Worry About? - 12th Nov 18
Cyclical Commodities Continue to Weaken, Gold Moves in Relation - 12th Nov 18
Olympus Tough TG-5 Camera Stuck or Dead Pixels, Rubbish Video Auto Focus - 12th Nov 18
5 Things That Precede Gold Price Major Bottoms - 12th Nov 18
Big US Stocks Q3 Fundamentals - 12th Nov 18
How "Free Money" Helped Create Sizzling Housing Market & REIT Gains - 12th Nov 18
One Direction More Likely for Bitcoin Price - 12th Nov 18
The Place of HSE Software in Today's Business - 12th Nov 18
Gold Asks: Are US Bonds Overvalued? - 11th Nov 18
Why the Stock Market Will Pullback Before Heading Higher - 11th Nov 18
GDX - Will you Buy This Hated Stock with Me? - 11th Nov 18
Christmas and Halloween LED Dynamic Projector Light Review - 11th Nov 18
Wall Street Veteran: Why I Don’t Lend to Family and Friends - 10th Nov 18
Stocks Breaking Higher, but Resistance Ahead - 10th Nov 18
Stock Market Was Supposed to “Crash Like 1987” - 10th Nov 18
SPX : The Incredibull Stock Market Plays On - 9th Nov 18
USD/CAD – The Moment of Truth Is Coming - 9th Nov 18
Is the Stock Market’s Rally “All Good To Go”? - 8th Nov 18
End in Sight for 'Unloved' Silver - 8th Nov 18
Outlook for Gold & Silver Precious Metals Sector is 'Positive' - 8th Nov 18
A Great Day for Metals as Platinum Price Breaks Out - 8th Nov 18
Future US Interest Rates, Financial Markets, and the FED - 8th Nov 18
Buying an Approved Used Land Rover From a Dealer - What You Need to Know! - 8th Nov 18

Market Oracle FREE Newsletter

Free Online Trading Session

Markets Could Rise on Commodity Prices in April

Stock-Markets / Financial Markets 2018 Apr 03, 2018 - 08:31 AM GMT

By: Builderadv

Stock-Markets

Despite all the volatility during the first quarter, the first three months of 2018 stock markets correcting but recovering towards the fag-end. The Dow Industrials were the biggest losers with a quarterly drop of -2.5%. The broader S&P 500 Index lost only -1.2%. While the tech dominated Nasdaq Composite gained 2.3%. Small caps saw only a marginal loss (-.40%). The Vanguard Total Stock Market ETF (VTI) captures the entire stock market by size (large, small, and midsize) and by style (growth and value). And it lost only -.71% from the end of December to the end of March.


Total StockMarkets: At support levels

Corrections usually take place in three waves (first downleg, a recovery, and then a retest of the prior low). So far, that retest has been successful. The VTI has remained above its 200-day moving average (red arrow) and its February low. Short-term indicators are starting to look better. The 9-day RSI line (top box) is rebounding from oversold territory below 30 for the second time. MACD histogram bars (lower box) are still below their zero line, but remain well above their February low and are starting to climb (see rising trendline). Both of which suggest that the worst of the current correction may be behind us.

Volatility is waning

VIX weekly had turned bearish as it has not followed higher. This suggests that the fear in the market is now falling.


DJCI commodity index has been rising and not fallen with other markets. When the risk appetite returns, this will move to new highs and will add bullish pressure to AUD,CAD and NZD as currencies while all commodity stocks will move higher


DJCI bullish trends on weekly as the index is well above the 20 WMA.


EURUSD weekly formation remains similar. Very bullish flag formation which will extend higher to 1.26

AUDUSD Weekly

AUDUSD weekly is at support of the weekly trendline at 0.7650. This is in line with the long term support and hence it is a good long

USDCAD Weekly

USDCAD turns down at trendline resistance at 1.3110 and is now turning down towards 1.27 levels.

S&P Bank ETF

Financial stocks, and banks in particular, have also lost ground during March. But it is critical support. The support is valid for over a week now and hence we conclude that bears have lost interest in clearing the support. Financials are the second biggest sector in the S&P 500 (behind technology). That's why it's encouraging to see banks and social media stocks starting to bounce together from underlying support levels. Until proven otherwise, technical odds favor those support levels holding.

COPPER MINERS ETF BOUNCES OFF 200-DAY LINE

Shares tied to industrial metals have fallen along with those economically-sensitive commodities during the first quarter. But, there again, things may be taking a turn for the better. The Global X Copper Miners ETF (COPX) bouncing off its 200-day moving average yesterday (red arrow). Its ability to stay above its February low also suggests formation of a bullish "symmetrical triangle". That pattern is defined by two converging trendlines and usually signals continuation of its main uptrend. Freeport McMoran (FCX) gained nearly 5% on Thursday and was the biggest percentage gainer in the Materials Sector SPDR (XLB). That may also be a sign that industrial metals like copper may start to strengthen again as faith in the global economic recovery is restored. This is further confirmed with DJCI index being at strong bullish levels.

Advance Decline Line

Market breadth is holding up very well. At most market tops, the NYSE Advance-Decline line usually turns down first and leads the rest of the market lower. The NYSE Common Stock Only Advance-Decline line going through a relatively mild pullback during the first quarter (with its converging trendlines forming a triangular consolidation pattern). It increases the technical odds for continuation of the market's nine year bull run. And for a better second quarter.

TradeCopier: Rises in March

The live account rises in March. Profitable trading. No other asset class can make as much money as forex trading does. However the risk also are higher and DD is higher as well.

Historically speaking, the trading system has returned positive returns every single month since January 2010. See the above performance of the trading system. It is making over 10% everymonth.

If you would like to start a trade copier connection with your account to copy our trades, please reach out to us : Contact us

Summary: Markets are at support levels across sectors. The NYSE a/d line has recovered and we see a clear bounce in US equity markets and this will lead all equity markets worldwide. Commodities to pick up in April and this will help commodity currencies as well. Volatility is dipping as we start a new quarter, all of which is suggesting a good quarter for stocks.

By Buildadv

http://buildadv.com/

About Buildadv:
Buildadv is a investment management firm. We specialize in premium trading research, chart setups, trading insights and a forex trade copier which generates returns for MT4 trading clients. We operate the BUILDFX Trading system which has a rich history of over 8 years of trading history generating an average return of over 15% a month.
Email: adminsupport@buildadv.com
Website: http://buildadv.com/contact/

Copyright 2018 © Buildadv - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules