Quick Charting Cross-Market Money Flow to Start the Week

Apr 6, 2015: 10:29 AM CST

Where’s money flowing across Stocks, Gold, Oil, and the Dollar as we start the new trading week?

Let’s jump straight in to our Cross-Market Grid to see the movement and opportunity:

The Chart above is a 30-min view of current movement in the futures markets of Stocks (@ES), Gold (@GC), Crude Oil (@CL), and the US Dollar Index (@DX).

The 30-min chart provides a slightly broader perspective while the 15-min chart highlight’s today’s action:

So far, we’re seeing a surge of money into stocks in a short-squeeze or bullish support-bounce play.

For a bit of perspective on this “support play,” see two prior updates:

Key Support Level Planning for April 1 (US Stock Market Indexes)

Two S&P 500 Triangles and Level Planning

Gold broke above the $1,200 level and impulsed (gapped) higher this morning in a bullish breakout play.

Similarly, Oil broke above the swing high near $50.00 per barrel and achieved the target of the prior high ($51.50). 

All of this bullish commodity action occurs as the US Dollar Index gaps/impulses lower as part of a broader movement down away from the 100 index target.

We quickly note BULLISH money flow in Stocks, Gold, and Oil at the expense of the US Dollar.

Keep monitoring price action within this context as we progress through the week.

I’m excited to announce that I’ll be joining six other great speakers at a Two-Day intensive boot camp in May!

Check out the details and start planning the trip today to join us in May.

Corey Rosenbloom, CMT
Afraid to Trade.com

Follow Corey on Twitter: http://twitter.com/afraidtotrade

Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).

2 Comments

2 Responses to “Quick Charting Cross-Market Money Flow to Start the Week”

  1. Quick Color Commodity Charts to Start the Week | Afraid to Trade.com Blog Says:

    […] take a look at Monday’s “Quick-Charting Money Flow” Grid as well as yesterday’s detailed post Reversal Trading Opportunity in Coffee and […]

  2. Morgan Says:

    Honestly speaking, I don’t prefer Stock or Oil trading all
    that much due to the risk factor, so that’s why we got to be seriously careful
    with these things. I’m doing currency trading mainly and there I get plenty of
    benefits which is with a broker like OctaFX, it’s very special with conditions
    with low spreads from 0.2 pips, high leverage up to 1.500 while there is also
    smooth trading platform where all my trading orders are executed instantly
    without any trouble of delay or re-quotes.