Summer is usually a period for low volume false moves trapping those late to the trade in to loss making positions. Price is usually a poorer indicator at times when market participants thin through the hot summer months. With this in mind lets turn to some price tech reports before switching to the wider Swiss team’s report.
First up a great report here from CS using a pure price and momentum based analysis of the major markets.
Its interesting to note that one of the world’s top performing economies, the UK, conversely has one of the develop world’s worst performing stock market for 2014, thus far.
The inverse correlation to the pound’s strength is clear.
Here gs with their usual technical run through:
2 Bullish conviction level on the sp500 note.
Here AG with their run through.
And here ML with a look at the fx mkts.
And here CS with some similar views.
And again here:
And here with an FI viiew
And here JPCaz on the uk property market
And here finally the Swiss team’s latest. Its an outstanding report as they cover many markets and sectors using many different technical methods.
All the best
Rich