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Lateral

DOW JONES OVERVIEW: MCDONALDS IS FLAT LIKE ITS HAMBURGERS...McDonalds trades flat both on long term and short term basis. On long term perspective price is now in lateral range after it failed 10-year uptrend, by falling below 1st standard deviation from 10-year mean @ 100 (now the range upper border). The lower border of the macro lateral range is marked by 5-year mean, standing now at 92.5 - MCD has tested and held this level during the august selloff. On short term basis price is now trading within 1st standard deviations from 1-year and quarterly means. As it can be seen on the chart - both channels are themselves lateral at the moment.
NYSE:MCD
by Killy_Mel
DOW JONES OVERVIEW: GOLDMAN TRADES FLATGoldman Sachs trades laterally on both long term and short term basis. On long term basis price has recently failed uptrend borders, marked by upper 1st standard deviations from 10 and 5-year means - thus entering lateral territory within the 1st standard deviations. On short term basis price has failed to enter a downtrend on 1-year basis by holding within 1st standard deviation from 1-year mean. GS however is still on risk of fall on quarterly basis (price trading below 1st standard deviation from quarterly mean) Thus if GS holds above 180 - which is the lower 1st standard deviation from 1-year mean, it is likely to hold its new lateral range (180-201) with the upper border marked by the upper 1st standard deviation from 10-year mean
NYSE:GS
by Killy_Mel
MACRO VIEW: RUSSIA'S OIL PRICE POLICYWTI Oil measured in Russian Rubles reveals some hidden truth behind USDRUB rate against the background of falling Crude prices. The idea of Ruble devaluation is to hold oil price measured in Rubles within 1st standard deviation from 1-year mean. (current target range is thus 2800-3475 Rubles per barrel) Basically such policy creates PERCEIVED budget stability, In fact, in Rubles WTI Oil now is very close to 2008 peaks! What this policy fails to cover is, of course, in-house inflation in Russia due to Ruble depreciation, triggered by very large import factor in Russia's trade balance.
NYMEX:CL1!
by Killy_Mel
DOW JONES OVERVIEW: COKE IS IN MACRO RANGE, SHORT TERM RISKCoca-Cola trades in macro range - on 5 and 10 year basis. Price is now currently trading between 2 key levels. The lower level is 5-year (260 weeks) mean. The higher level is upper 1st standard deviation from 10-year (520 weeks) mean. Price trading within 1 standard deviation is not trending, thus the range outlined above is lateral. On short term basis, however price succeeded in falling below the 1st standard deviations from quarterly (66 days) and 1-year (264 days) means, thus it is on a downtrend risk here at the moment. Overall situation hints that the price is likely to remain in the long term range for observable future (38.00-40.50)
NYSE:KO
by Killy_Mel
DOW JONES OVERVIEW: CISCO IN MACRO RANGECisco Systems trades in macro range - on 5 and 10 year basis. Price is now currently trading between 2 key levels. The lower level is combined from 5-year (260 weeks) and 10-year (520 weeks) means and is at about 22. The higher level is combined from upper 1st standard deviations from the same means and is at 27. Price trading within 1 standard deviation is not trending, thus the range outlined above is lateral On short term basis the held the lower 1st standard deviation from 1-year mean (264 days), thus failed to enter a downtrend on 1-year basis. However it succeeded in falling below the 1st standard deviation from quarterly mean (66 days), thus it is on a downtrend risk there at the moment. Overall situation hints that the price is likely to remain in the long term range for observable future (22-27)
NASDAQ:CSCO
by Killy_Mel
MACRO VIEW: SNP LIKELY TO FALL WITHIN WIDER LATERAL RANGEOn technical basis, SPY (The S&P500 ETF) has broken down below 1st standard deviation from quarterly mean (66 days), while also breaking below 1 year mean (264 days). The price has now entered a downtrend on quarterly basis, and will continue to fall if price stays below 1st standard deviation from quarterly mean (207.1) Closest target is the lower 1st st deviation from 1 year mean (197.70) After the target is tagged, price will likely stay within 1st standard deviation from 1 year mean for some time (range will be 197.7 - 212.5) SPY is mostly influenced by upcoming September uncertainty, caused by upcoming US policy decision in regard to Iran (to leave it sanctioned or to open it up).
AMEX:SPYShort
by Killy_Mel
4
FX CHART OF THE DAY: AUDUSD LATERAL TRADINGAUDUSD is trading at weekly (120-h) mean with no apparent slope. At the same time, volatility (measured by 3.2 standard deviations from the mean) is also flat and is likely to compress soon. Price is likely to trade in a lateral fashion for some time - within the 1st standard deviation from weekly mean. Traders can pick trades both sides within the lateral range - at its borders (1st st deviations from weekly mean), targeting the mean. Stops should be placed slightly beyond relevant highs/lows. Traders should also mind US Calendar news at 13:15 GMT, which can trigger some volatility on the pair.
by Killy_Mel