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OSS Nightly Indicators (Free version)


Newsletter is published Sun-Thr evenings around 10:30 pm CST

UNDERSTANDING THE CYCLE CHARTS

Instruction for reading the cycle charts and indicators. Click Here

Ideally, you want to look for a turn in the cycles and at least two of more reversal signals happening at the same time.

Comments, Insights & News

  • I have been xpecting a 8% to 12% correction in stock, but the cycles will be turning up within a few days.
  • Did you know Jan 19th is officially National Popcorn day?
  • We are going to see lower prices for Gold over the next few weeks.
  • Top 5 cryptocurrencies to watch this week: BTC, LINK, UNI, XTZ, ATOM Click Here

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LINKS


For trading 1/18/2021

MAJOR
Symbol Last Chg. Chg. %
.DJI 30814.26 ($177.26) -0.57%
.DJT 12946.28 ($166.83) -1.27%
.NDX 12803.93 ($94.76) -0.73%
GBTC.PK 39.34 ($4.19) -9.63%
GLD 171.16 ($2.12) -1.22%
IWM 210.76 ($3.18) -1.49%
SLV 22.96 ($0.75) -3.16%
SPY 375.7 ($2.76) -0.73%
TLT.O 151.82 $0.60 0.40%
UNG 9.95 $0.27 2.79%
US500 3768.25 ($27.29) -0.72%
USO 35.35 ($0.89) -2.46%
UUP 24.48 $0.16 0.66%

SECTORS
Symbol Last Chg. Chg. %
RWR 86.56 $0.74 0.86%
XBI 151.71 ($1.72) -1.12%
XHB 60.49 ($0.11) -0.18%
XLB 75.33 ($1.10) -1.44%
XLE 42.73 ($1.75) -3.93%
XLF 30.92 ($0.54) -1.72%
XLI 88.82 ($1.18) -1.31%
XLK 127.43 ($1.31) -1.02%
XLP 65.62 ($0.24) -0.36%
XLU 62.99 $0.61 0.98%
XLV 116.93 $0.32 0.27%
XLY 165.86 ($1.23) -0.74%
XRT 72 ($1.72) -2.33%

CRYPTOS
Symbol Last Chg. Chg. %
BCH 481.2 ($13.77) -2.78%
BTC 35907.4 ($512.60) -1.41%
DENT 0.0012 $0.00 0.00%
DGB 0.026209 $0.00 -4.33%
EMC 0.77991 $0.75 2,581.02%
EOS 2.762 ($0.04) -1.36%
ETC 7.7287 ($0.23) -2.89%
ETH 1233.82 ($15.18) -1.22%
LTC 143.529 ($3.28) -2.23%
OMG 3.6791 $0.00 0.01%
THETA 2.0214 ($0.07) -3.30%
XLM 0.306 ($0.01) -3.98%
XRP 0.2769 ($0.01) -2.94%

FOREX
Symbol Last Chg. Chg. %
AUD/JPY 79.84 ($0.270) -0.34%
AUD/USD 0.7697 ($0.001) -0.06%
EUR/AUD 1.5691 $0.003 0.20%
EUR/CHF 1.0762 $0.000 0.01%
EUR/GBP 0.8892 $0.000 0.03%
EUR/JPY 125.28 ($0.210) -0.17%
EUR/USD 1.2077 $0.000 -0.01%
GBP/AUD 1.7645 $0.004 0.20%
GBP/JPY 140.89 ($0.230) -0.16%
GBP/USD 1.3582 $0.000 -0.03%
USD/CAD 1.2765 $0.003 0.26%
USD/CHF 0.8911 $0.000 0.04%
USD/JPY 103.74 ($0.140) -0.13%



https://money.cnn.com/data/fear-and-greed/


INO Evening Markets Report (INO.COM)

DOW

The Dow closed lower on Friday but were off session lows after President-elect Joe Biden announced a $1.9 trillion COVID-19 relief plan late-Thursday. Data also showed December retail sales fell for a third month in a row. A number of analysts are skeptical about the chances of Biden's fiscal package passing Congress intact. The high-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought and are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below last-Monday's low crossing at 29,881.82 would confirm that a short-term top has been posted. If the Dow extends this month's rally into uncharted territory, upside targets will be hard to project. First resistance is Thursday's high crossing at 31,223.78. Second resistance is unknown. First support is the 20-day moving average crossing at 30,569.74. Second support is the 50-day moving average crossing at 29,998.81.

GOLD

February gold closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If February extends this month's decline, November's low crossing at $1767.20 is the next downside target. Closes above the 20-day moving average crossing at $1882.30 would signal that a short-term low has been posted. First resistance is January's high crossing at $1962.50. Second resistance is November's high crossing at $1973.30. First support is Monday's low crossing at $1817.10. Second support is November's low crossing at $1767.20.

SILVER

March silver closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below Monday's low crossing at 24.365 would confirm that a short-term top has been posted. If March renews the rally off November's low, September's high crossing at 29.380 is the next upside target. First resistance is January's high crossing at 28.105. Second resistance is September's high crossing at 29.380. First support is Monday's low crossing at 24.365. Second support is the December 9th low crossing at 23.695.

CRUDE

March crude oil closed lower on Friday as fresh outbreaks of COVID-19 in China dulled the outlook for energy demand. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to lower prices are possible near-term. If March extends the rally off November's low, the 75% retracement level of the 2018-2020-decline crossing at $57.64 is the next upside target. Closes below the 20-day moving average crossing at $49.93 would signal that a short-term top has been posted. First resistance is Wednesday's high crossing at $53.94. Second resistance is the 75% retracement level of the 2018-2020-decline crossing at $57.64. First support is the 10-day moving average crossing at $51.61. Second support is the 20-day moving average crossing at $49.93.

NAT GAS

March Henry natural gas closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 2.611 would signal that a short-term top has been posted. If March extends the rally off December's low, the November 30th high crossing at 2.910 is the next upside target. First resistance is Tuesday's high crossing at 2.835. Second resistance is the November 30th high crossing at 2.910. First support is the 20-day moving average crossing at 2.611. Second support is December's low crossing at 2.268.

US DOLLAR

The March Dollar closed higher on Friday as it extends the rally off last-Wednesday's low. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the December 21st high crossing at 90.95 are needed to confirm that a short-term low has been posted. If March renews the decline off September's high, monthly support crossing at 88.15 is the next downside target. First resistance is the December 21st reaction high crossing at 90.95. Second resistance is the 50-day moving average crossing at 91.04. First support is last-Wednesday's low crossing at 89.16. Second support is monthly support crossing at 88.15.

Things To Watch

  • Bo Polny says DJIA will drop to 15,000.
  • Charles Nenner is calling for a DJIA of $5000 in the latter part of 2021 or spring of 2022.
  • Mars will be in Aries from June 27th 2020 to Jan 6th 2021. Strong chance of open conflict
  • Charles Nenner expects a return of the virus in Oct. It should be much worse this time. Perhaps it will be a new virus.




Bullish TA
470-778New 52-week Highs
151-83Strong Volume Gainers
37-5Bullish 50/200-day MA Crossovers
9221Bullish MACD Crossovers
77Oversold with an Improving RSI
267-597Moved Above Upper Bollinger Band
271-852Moved Above Upper Price Channel
188-506Moved Above Upper Keltner Channel
135-19Improving Chaikin Money Flow
297-364New CCI Buy Signals
209-191Parabolic SAR Buy Signals
173-204Stocks in a New Uptrend (Aroon)
83-56Stocks in a New Uptrend (ADX)
50-37Gap Ups
61Breakaway Gap Ups
26-25Runaway Gap Ups
00Island Bottoms
Bearish TA
6-33New 52-week Lows
811Strong Volume Decliners
92Bearish 50/200-day MA Crossovers
589268Bearish MACD Crossovers
310233Overbought with a Declining RSI
18194Moved Below Lower Bollinger Band
210101Moved Below Lower Price Channel
6928Moved Below Lower Keltner Channel
128-31Declining Chaikin Money Flow
376203New CCI Sell Signals
809516Parabolic SAR Sell Signals
7824Stocks in a New Downtrend (Aroon)
326Stocks in a New Downtrend (ADX)
7541Gap Downs
22Breakaway Gap Downs
1/20/190018Runaway Gap Downs
11Island Tops
Bullish Reversals
40-13Bullish Engulfing
74Piercing Line
00Morning Star
5-9Bullish Harami
1-2Three White Soldiers
Bearish Reversals
18395Bearish Engulfing
338Dark Cloud Cover
75Evening Star
134100Bearish Harami
218Three Black Crows
Bullish P&F
3522-407P&F Double Top Breakout
483-41P&F Triple Top Breakout
60-6P&F Spread Triple Top Breakout
1213-202P&F Ascending Triple Top Breakout
67-6P&F Quadruple Top Breakout
78-2P&F Bearish Signal Reversal
65-8P&F Bear Trap
66-10P&F Bullish Catapult
87-10P&F Bullish Triangle
374-24P&F Low Pole
Bearish P&F
1360236P&F Double Bottom Breakout
17429P&F Triple Bottom Breakdown
2410P&F Spread Triple Bottom Breakdown
33034P&F Descending Triple Bottom Breakdown
273P&F Quadruple Bottom Breakdown
5914P&F Bullish Signal Reversal
518P&F Bull Trap
144P&F Bearish Catapult
292P&F Bearish Triangle
595126P&F High Pole
4215P&F Long Tail Down

Last Week's Matrix

Learn More: Previous Weekly Matrix with explanation.



Number Nine Bullish
Symbol Close
Number Nine Bearish
Symbol Close
Coming US Economic Events
Monday, 18-January-2021 (EST)
12:00:00 AMMartin Luther King Day
Tuesday, 19-January-2021 (EST)
11:00:00 AM4-Week Bill Announcement
11:00:00 AM4-Week Bill Announcement
11:30:00 AM3-Month Bill Auction
11:30:00 AM6-Month Bill Auction
4:00:00 PMTreasury International Capital
Wednesday, 20-January-2021 (EST)
7:00:00 AMMBA Mortgage Applications
8:55:00 AMRedbook
10:00:00 AMHousing Market Index
1:00:00 PMHousing Market Index
Thursday, 21-January-2021 (EST)
8:30:00 AMHousing Market Index
8:30:00 AMJobless Claims
8:30:00 AMJobless Claims
11:00:00 AM3-Month Bill Announcement
11:00:00 AM6-Month Bill Announcement
11:00:00 AM52-Week Bill Announcement
11:00:00 AM2-Yr FRN Note Announcement
11:00:00 AM2-Yr Note Announcement
11:00:00 AM5-Yr Note Announcement
11:00:00 AM7-Yr Note Announcement
11:30:00 AM4-Week Bill Auction
11:30:00 AM4-Week Bill Auction
1:00:00 PM10-Yr TIPS Auction
4:30:00 PMFed Balance Sheet
4:30:00 PMMoney Supply
Friday, 22-January-2021 (EST)
9:45:00 AMMoney Supply
10:00:00 AMExisting Home Sales
10:30:00 AMEIA Natural Gas Report
11:00:00 AMEIA Petroleum Status Report
1:00:00 PMEIA Petroleum Status Report

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HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.

Futures trading is complex and carries the risk of substantial losses. It is not suitable for all investors. The ability to withstand losses and to adhere to a particular trading program in spite of trading losses are material points which can adversely affect investor returns.