Some good reports this week with much discussion on the macro significance of the data and instrument movements. Breakouts by rates and US$ index, breakdown defensive utilities. Fitzpatrick commenting that the inflation benign tailwinds from lower oil prices is likely behind us setting up for a cyclical rally attempt vs defensive issues. As always monetary …
Continue reading “Weekly Technical Analysis – “US Yields Breaking Out” 11th Nov15″
I’m traveling again so apologies for the delaying in issuing. This has been a nose bleeding retrace for dm equity markets. S&P close to making her prior highs. Nas100 new highs. From an allocation perspective, whatever the allocation be whether currencies, pms, bonds or commodities confusion reigns here. Usually confusion preempts a trend change, in …
Continue reading “Weekly Technical Analysis – “SP500 Still Overbought & Vulnerable” 04th Nov15 v2″
The ECB and then the BOC certainly helped equity markets over come some key resistances. The Euro was dumped propelling European equities into breakouts of their recent down trends. Participants were forced to short cover and any late to the bear camp have been “rolled over”. Its worth noting that overall putcall ratios are nearly …
Continue reading “Weekly Technical Analysis – “SPX Still Overbought” 27th Oct15″
Guys, i wont go through what i’m up to but suffice to say I’m struggling to comment here due to life time pressures. In stead ill post the remaining reports and full comments later this week. For now here the major reports. Here the Swiss team as usual. Wklytech-20-10-15 And here GS with the same …
Continue reading “Weekly Technical Analysis – “Short Term Toppish” 20th Oct15″
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: wklytech-13-10-15 As a very quick comment whilst i agree with much in their report I don’t have confirmation of the reassertion of …
Continue reading “Weekly Technical Analysis – Short Term Overbought 13th October15”
We have a very divided set of views this week from the various technical teams. Searching for consensus among the teams is that this recent bullish reversal will likely run out of steam very soon so certainly chasing or evening covering shorts at this precise point in the market appears a dumb thing to me. …
Continue reading “Weekly Technical Analysis – SPX 1900 Support 2020 Key Resistance – 7th Oct15”
The Swiss team are traveling so no comment from the guys and not much need for a comment and no levels and price action particularly demands comment for now. Near term it looks like a bounce is in progress off some key supports for several equity markets lead by asia over night. This is the …
Continue reading “Weekly Technical Analysis – “October Falls” 30th Sept15 v2″
Guys, im getting bombarded with emails requesting an update from the swiss team and others. Please double check their last report which stated the following: “Due to traveling, the next regular weekly comment will be published on October 6th” Nonetheless I do have some reports and a few comments which i will post up later …
Guys, Big news day tomorrow that, in my opinion, defines if the bear rejoins in the next few days or he is put off for a few weeks to come. Its a timing and levels issue this not a trend issue, if you follow. More comments tomorrow but I like the short Nikkie long jpy …
Continue reading “Weekly Technical Analysis – “SP500 Strength – Sell/Take Profit” 15th Sept15 V3″
Another great report from the Swiss team here below. Its very tricky to plot the anatomy of the forthcoming ending of the bull market and the various twists and turns of a hard correction. Nonetheless it seems the team are doing a good job of doing just that. Volatility is continuing with the Nikkie moving …
Continue reading “Weekly Technical Analysis – “Sp500 Rebound into Mid September” 9th Sept15″
The highlights for me from last week’s bear attach was the short sharp explosion in volatility together with a short term liquidity drain from the market. The most notable other issue was the euro carry trade de-lever which spiked up the euro even as markets fell. Commodities generally fell as US$ also fell. To me …
Continue reading “Weekly Technical Analysis – “Sp500 Rebound Into End Sept” 2nd Sept15″
Volatility across asset markets, but particularly global stock markets, leaped out of their collective skins this week. Across sectors and global indexes, across asset markets order books gaped and that’s significant in terms of leverage. There has to be a bid on the order book for leverage to ever be considered. So watch this issue. …