Regular Update for Thursday Daily time frame analysis for Equity Indexes. Analysis for Crude Oil, Gold, and the VIX Published

Note that we now have a double break above the 50 week moving average for Crude Oil. Both the daily and weekly charts are shown in this update. Crude Oil and the Equity indexes have been moving in direct relationship for a long time now. It is my assumption at this time that this will continue. So, we need to keep the double break of the 50 week moving average in Crude Oil in mind as we watch the action over the next few days and weeks.

There is a chance that the relationship between Equities and Crude Oil could become an inverse relationship. If we had an event, such as Israel attacking Iran, then I would expect a possible inverse relationship. So, we need to keep this in mind as well.

Also important to note is that the Dow Transportation index is seemingly finding resistance at the key line shown below. So, to support a continued bullish move in both the Equities and Crude Oil we need to see this resistance line broken. Compare all notes closely.

Also, Read the Pre-market Update for Wednesday.

The $155 One Year ShepWave Subscription Special continues for a short time longer. Again, this is intended for Renewals, but new subscribers are also permitted. If the amount of new subscribers becomes too much the special will be canceled.

Log In at http://www.shepwave.com/ for Thursday's ShepWave Updates