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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Slumdog who wrote (18865)	3/21/2017 4:22:59 PM
From: John Pitera	1 Recommendation Recommended By Hawkmoon Respond to of 33421

yes the BKS was down 3.92% , which is similar to the XLF, which was down 2.92% , the Brokers and the biotechs, down 4.08% were all down big time today. we can peruse the daily damage in the various sectors , commodities, global markets etc.... at the below link stockcharts.com JOhn

To: Slumdog who wrote (18865)	3/24/2017 12:12:25 PM
From: John Pitera	4 Recommendations Recommended By CrashDavis ggersh Hawkmoon roguedolphin Read Replies (2) \| Respond to of 33421

Updated Silver analysis...comprehensive Fibonacci and time frame review. silver has been having a good day...when silver does well.. . gold should follow.... 15 minute May silver Daily silver over 1 % so far today... looking pretty good technically Here is a 1 year Daily Chart of Silver.....$17.78 has two different Fibonacci cluster levels at that area it it a 50% retracement of the decline from July 5th 2016 @ 21.22 and the Dec 20th 2016 low of $15.67. While also being a .a .382 retracement of the advance from the Dec 20 2016 low of $15.67 to the 2/27/17 high of $18.54. So This $17.78 level is an important technical level and you can see how it was sold at precisely that $17.78 price to the penny. The $21.22-23 level is of super importance as it is a vital .618 retracement of the entire bull move in Silver please look at the monthly chart below. you notice how silver has been riding along up it's 50 dma before moving higher today. A move above this level then has resistance at the 200 dma at 18.09 which does has not been a dominate influence on silver this past year.... the $18.54 level is the near 2/27/17 high... a really bullish break would be above the 50 week moving average which is seen below. Silver sold at the Double FIbonacci cluster of $17.78 to the penny. The 45 Year Long term Monthly chart of Silver shows that it has been getting support at it's 20 month Moving Average and has been being sold at it's 50 month MA. which is currently @ $18.37 a move above this level and the $18.54 high would then set us up for a move back above $20.00 towards the July 5th 2016 high the High of $21.23 is the Ultra important .618 retracement of the entire bull move from $3.51 in 1991 up to the high of $ 49.82 on 4/25/2011!! a move above 21.23 , as we can see looking at the long term chart has very little resistance until we get to the 50% retracement at $26.60. John

To: Slumdog who wrote (18865)	3/29/2017 6:00:14 AM
From: John Pitera	2 Recommendations Recommended By roguedolphin The Ox Read Replies (1) \| Respond to of 33421

Brexit exit day...... what shall happen to the pound?........ and to the worlds Largest Currency Trading, and Banking structured products...CITY ??? 2 years daily of GBP/JPY 2 year daily GBP/EUR GBP 60 minute globex chart..... GBP/USD 15 minute globex chart GBP / USD 5 minute Globex chart..... will we actually see capital flows out of Europe... and to what extent shall we see capital flows out of the UK. --------------------------------------------- BUSINESS NEWS \| Wed Mar 29, 2017 \| 5:39am EDT Global stocks up, formal Brexit start casts shadow over sterling By Jamie McGeever \| LONDON European shares rose on Wednesday, following Wall Street's late surge, while sterling was the biggest loser on major currency markets ahead of the formal triggering of Britain's exit process from the European Union later in the day. Prime Minister Theresa May will notify EU Council President Donald Tusk in a letter that Britain really is quitting the bloc it joined in 1973, pitching the United Kingdom into the unknown and triggering years of uncertain negotiations. The start of the formal Brexit process comes a day after the Scottish Parliament backed a bid to hold a second independence referendum that would break up the UK, adding another layer of uncertainty for investors to navigate. "Details are everything now. We could be in for a rough ride today as currency traders react to the contents of the letter being delivered to Brussels and the language May uses in parliament," said Neil Wilson, senior market analyst at ETX Capital. "*A truly hard Brexit has not been priced into sterling*. We could see it move lower still if negotiations take a sour turn," he said. Sterling hit a one-week low of $1.2378 GBP= and was last trading down 0.5 percent against the dollar at $1.2390. Elsewhere in currencies, the euro was down a quarter of one percent at $1.0785 EUR= and the dollar was flat against the yen at 111.05 yen JPY=. The dollar bounced from 4-month lows as a top Federal Reserve official talked of more rate hikes to come. Fed Vice Chairman Stanley Fischer, one of the more influential policymakers with markets, said two more rate increases this year seemed "about right". WALL STREET RECOVERY In stocks the leading index of 300 European shares was up 0.2 percent .FTEU3 at 1,490 points and Germany's DAX was up 0.6 percent .GDAXI, mostly driven by broker upgrades and results. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged up 0.2 percent and back toward recent 21-month peaks, while Japan's Nikkei .N225 added 0.1 percent. The Dow Jones snapped an eight-day losing streak on Tuesday, its longest run of losses since 2011, in part as a survey showed consumer confidence surged to a more than 16-year high. In early European trading on Wednesday, S&P 500 futures ESc1 pointed to a 0.2 percent rise on Wall Street. "Economic fundamentals still remain exceedingly sound here in 2017 and you do not need Trump's pro-growth fiscal agenda for this to be one of the best years for growth since the recovery started," argued Tom Porcelli, chief U.S. economist at RBC Capital Markets. "We still think tax reform happens, but you are better off thinking about the timing as an end of year event at best." In commodity markets, base metal prices bounced on more upbeat economic news from China with copper CMCU3 gaining 0.8 percent overnight to add to Tuesday's 2 percent rise. Oil prices gained after a severe disruption to Libyan oil supplies and as officials suggested the Organization of the Petroleum Exporting Countries and other producers could extend output cuts to the end of the year. [O/R] U.S. crude CLc1 added 1 percent to $48.83 a barrel, while Brent LCOc1 also rose 1 percent to $51.80. Spot gold XAU= was little changed at $1,250 an ounce. (Reporting by Jamie McGeever; Additional reporting by Wayne Cole in Sydney; Editing by Alison Williams) reuters.com