I’m conscious participants here are eager for the latest comments from the Swiss team so here their latest report. I’ll update this release tomorrow with more reports and comment.
Here the Swiss team:
As a very quick comment whilst i agree with much in their report I don’t have confirmation of the reassertion of the bull market yet. I’d comment cyclical stocks less commodity stocks look less impressive. The Dax is a cyclical index and its relative weakness is clear. Also some of their tech charts appear questionable to me. As an example their Stoxx50 tech chart. I have a different looking chart which i share here. I don’t have a trend confirmation as yet. The area 33.5 to a maximum 34 is a key area.
More tomorrow.
All the best
Rich