The swiss team reconfirming their near term correction call and providing targets etc.. All the best Rich Weekly10-04
Author Archives: prestonni
Weekly Technical Comments.. Break of S&P500 1386 Bearish..
The Swiss team unsurprisingly maintain their bearish short and medium term views. They expect a pro commodity pro risk rally in the aud and some commodities short term but sight this as only an opportunity to sell. The Eurostoxx50 looks very weak as well as the Shanghai and Audusd and many commodities. Here the report. …
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Weekly Technical Comments.. “Don’t Chase but S&P 1425 Overshoot Possible”
The Swiss team haven’t changed their minds. They see yesterday’s new highs as a wave 5 of this trend. They still favour a near term pull back sighting the weakness in the cyclical material, industrial and transport stocks as evidence. We can see this recent rally has not carried miners or industrials with it. Other …
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Weekly Technical Comments
The Swiss team’s latest technical report below. They are sticking their prior view of a topping process. 1340 as a team nerm target before a retest of the recent highs before a may-ish resumption of the cyclical bear. In my view we are likely for a setback here and now. I have no set view …
UK – Putting it All Together..
The UK and US present us with the model for how developed nation’s economic recoveries will play out. Their recoveries are built on the basis of more consumer and government debt funded by increases in taxes and debt monetizations artificially surpressing interest rates to stimulate more consumption and reductions in savings. Wages lag inflation so …
No Comment – Chart of the Week
Weekly Technical Comments – “S&P1400 Likely but don’t Chase the Rally”
The Swiss team are where they were essentially. They have revised up their near term S&P target but remain very cautious on the rally and advise not chasing. They maintain an end of Q1, early Q2 top followed by a resumption of the cyclical bear. “From a cyclical perspective, May to July should be weak …
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No Comment – Chart of the Week
A supplementary trio on the US jobs data…
The World’s Largest Ever Balance Sheet Exposure – ECB $4trn
The ECB now leads the world’s central banks by quite a margin in terms of size and risk of her balance sheet. The ECB’s balancesheet, post LTRO2 has hit a whopping $4trn. It is a dark comedy that the financial crisis of 2008 resulted from Bank’s over inflating their balance sheet exposures. As we can …
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“Chaos is found in greatest abundance wherever order is being sought”. (Pratchett 1994)
Im out of the may silvers i added a few weeks ago at 33.26. 33.26 is about where i entered a few weeks ago. I made some money on the day of the take down so overall im up but the whole experience has certainly left a bitter taste in the mouth. And so, here …
Weekly Technical Comments
Weekly06-03 Comment later as off skiing.. Rich