Weekly Macro Report - Pravda Analyticspravdaanalytics.com/wp-content/uploads/2016/05/...Pravda Analytics Financial Markets Report Weekly Macro Review For week of May 23, 2016

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Financial Markets Report

Weekly Macro Review

For week of May 23, 2016

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Contents

US Market Index Overview 3‏

Elliott Wave Analysis 4‏

Market Trend 5‏

Index Overview 6‏

Sector Analysis 7‏

Stock Averages 8‏

Economic Calendar 9‏

Headlines of The Week 10‏

Personal Finance 11‏

Investing & Trading Blueprint 12

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Market Index Overview

S&P 500 (SPY) index – as of close on Friday 5/20/16

Equities continue to developing a narrowing price action pattern. This action often ends in a rapid breakout

Weekly Chart

Daily Chart




Elliott Wave Analysis

S&P 500 (SPY) index analysis using the Elliott Wave theory to identify key support and resistance.

Completing wave (X) of a triangle in a larger wave 4 rally. Red box indicates a calculated time and price

range where wave (X) should reverse into (Y) lower.




Market Direction Confirmation via Transports Sector Observation as per Dow Theory

Key premise of the theory states that both

the broad equity market index as well as

the transports index need to align in

market direction to confirm a bullish or

bearish trend. (additional rules apply)

Dow theory

Market Direction: Bearish

Dow Jones Industrial Average (DIA) is

below key moving averages.

Dow Jones Transports Average (IYT) is

below key moving averages.

Current Analysis

A confirmed bullish market is when:

Both indexes are exhibiting higher price

peaks and valleys on long term charts

Both indexes are above their respective

200 day moving average (orange)

Additional level of confirmation: index

above 50 day moving average (blue)

The Approach

Both the Dow and Transports are trading below their short term moving averages. Transports are more

bearish while also trading below its long term moving average. This indicates a bearish environment.

Dow Jones Index Transports Index




Index Overview

Major indexes with key trend and support/resistance levels.

Major markets are consolidating and retracing as volatility increases.




Sector Analysis

Percent change chart since start of 2016

Outperformers: Utilities, Materials

Underperformers: Financials, Healthcare




Stock Averages

Number of Stocks Above 20-Day Moving Average

Indicator suggests that stocks are not yet oversold.




Economic Calendar

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Existing home sales showed constructive gains in April in

data that include respectable 6 percent growth for sale

prices and a rush of supply coming into the market. The

data fit in line with expectations for improved second-

quarter growth.




Headlines of the week

Notable‏covers‏and‏headlines‏from‏world’s‏most‏read‏publications

As Princeton economist Paul Krugman wryly noted, "Whom the Gods would destroy, they first put on the

cover of Business Week."




Personal Finance - The Richest Man in Babylon

Make thy gold

multiply

Make of thy

dwelling a

profitable

investment

Guard thy

treasures from

loss

Seven Cures for a

Lean Purse

Start thy purse

to fattening

Control thy

expenditures Increase thy

ability to earn

Insure a future

income

Goddess of Good Luck smiles upon those who

work hard, save their money, and invest well.

She doesn't really patronize professional

gamblers, who always seem to end up poor

Meet the Goddess of Good Luck Five Laws of Gold (Money)

• Mentors, Books

• Seminars, Experience Learn

• Business, Investment

• Knowledge, Attitude, Skills

Master

Pay • Yourself first

• Save 10% of earnings

Invest

• Business

• Real estate

• Stocks

• Scams

• Trickeries

• Get rich schemes Avoid

The Richest Man in Babylon is a book by George S. Clason which dispenses financial advice through a

collection of parables. Through their experiences in business and managing personal finance, the

characters in the parables learn simple lessons in financial wisdom.




Investing & Trading Blueprint

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IBD's 10 Secrets to Success – great blueprint to improve your trading, investing, as well as every day

activities and personal goals:



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Weekly Macro Report - Pravda Analyticspravdaanalytics.com/wp-content/uploads/2016/05/...Pravda Analytics Financial Markets Report Weekly Macro Review For week of May 23, 2016