Wrap – Week Ended 01/18/13

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Comments a little later in the weekend. 

12 Responses to “Wrap – Week Ended 01/18/13”

  1. 1
    mimster90 Says:

    SJT up sharply again today

  2. 2
    Zorgnak Says:

    I missed Friday afternoon's trading. Was there a particular catalyst for the reversal off the LOD?

  3. 3
    Zorgnak Says:

    S&P Weekly  Notes/Thoughts  Notes… Value/Acceptance moving  higher with little mkt structure above. 1468.75 CLVN rejected as too low on Friday. Testing minor CHVN at 1480.75. Upside targets at 1486 and 1503. Demand volume positive in all time frames. Breadth trend positive/OB. POMO supportive. Risk sectors leading. Currencies supportive, $USD turning up, Euro looks exhausted.

    Thoughts …Mkt looks ready for more sideways/ upside after sharply rejecting the shallow pullback to the 1468.75 CLVN on Friday. 
    CLVN=Low Volume Rejection Zone – CHVN= High Volume Price Acceptance and Congestion Zone-VPOC=Daily Most Accepted Price
    1480.75 Minor CHVN/Minor market structure above to 1505
    1476.50 VPOC/Tentative volume range pivot
    1468.75  Minor CLVN/Breakout point
    1464.50 Previous Volume Range Pivot
     1460      Minor CLVN
    1456      Volume pivot for previous balance area
    1454      Minor CLVN
    1446-49 CHVN
    1444.50 CLVN-Major Gap Below
    1439.50 Mini CHVN
    1428  CLVN
    S&P Futures

  4. 4
    Zorgnak Says:

    Crude Oil  Trading above major acceptance (93) at defined resistance  (96). Demand volume remains positive in all time frames.

  5. 5
    Zorgnak Says:

    Nat Gas Demand volume positive on the daily and weekly. Resistance at 3.78

  6. 6
    skibbi9 Says:

    @4, seems driven by Algerian tensions/risk

  7. 7
    Zorgnak Says:

    XOP (E&P ETF)   At top of 5 year volume base/break out level. Demand volume positive long and short term. Low absolute volume.
    FCG  (Nat Gas Stock ETF)  At top of 7 week base with demand volume improving. Absolute volume still muted.

  8. 8
    crysball Says:

    Leaving the  sinking  ship…….
    also  an  oil  tanker  was  highjacked  off the  Ivory  Coast  this  morning

  9. 9
    zman Says:

    NG up again on the off day:


  10. 10
    zman Says:

    Stay safe out there, HAL worker at  KOG well killed over the weekend. 

  11. 11
    nrgyman Says:

    2012 another very good year–for oil imports.  Nearly 1/2 trillion spent on oil imports in 2012.  Of course some of it was re-exported as refined product, but there is still a huge trade imbalance and negative wealth transfer multiplier effect on the US economy due to this situation.  Growing US oil production will help somewhat, but natgas transportation, starting with deisel-powered vehicles and gasoline powered fleets, has the greatest capacity to change the picture dramatically.

  12. 12
    PackMan Says:

    MMR — read thru the Earnings Call Transcript over on Seeking Alpha.
    I found the Q&A w/ Leon Cooperman to be quite interesting, as it relates to the potential value of the JBRT

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