Its Tuesday so time for the Swiss team’s regular technical weekly analysis of the major asset markets. Market breadth improved on last week’s breakout but on a longer term basis remains weak. Sentiment has been reaching extreme levels on the AAII and the put call ratio. Whilst a few weeks ago there did appear a …
Continue reading “Weekly Technical Analysis – “Sp500 Toppish, 1925 Key Support” 25th June14″
I’m traveling so I must cut short this post. In summary we still have sufficient technical pillars of strength that this market can press on a little more but the “wheels” are starting to fall off this bull market one by one as a greater number of indexes failed to confirm the recent US major …
Continue reading “Weekly Technical Analysis – “Gold Bottom In Place” 18th June14″
Apologies for the slight delay in posting my Sunday reflections. Please find them below. Since the last breakout its been a time of number crunching and questioning this most recent rally. Below is my analysis. But first some reports. First up the uber bearish AG ag-wklytech-16-6-14 And here the equally uber bullish fitzpatrick: citi-wklyytech-16-6-14 And …
Continue reading “Sunday Technical Analysis – “We Are in Stoppage Time” 16th June14″
Swiss holidays yesterday so this week’s technical run through has been delayed slightly. Price has pushed on from last week’s report and as a consequence some of the technical readings, according to the team are rapidly moving into a contrarian territory which is starting to signal we are moving into the zone of the medium …
Continue reading “Weekly Technical Analysis – “Bear Capitulation” 11th June14″
We had some very promising price signals last week and the promising market breadth then resulted in a Thursday session breakout for most the key sectors. The Nik225 joined the move and the bull market started to move forward once again. In spite of some key technical signals that participants had started to allocated long …
Continue reading “Sunday Tech Considerations – “Are We There Yet” 08th June14″
The Swiss team have reported and they have provided a near term toppish recommendation on the lead sp500 index. The rational is a combo of: 1) over bought momentum. Correct for the lead indexes like dow transports, health and semis although many other indexes remain with low rsi’s and relatively unloved. It is very poor …
Continue reading “Weekly Technical Analysis “SP500 Short Term Toppish” 06th June14″
First up I wish i could be more certain of near term direction here. Issues such as market breadth are very inconclusive. Lets run through it. The bulls can point to the sp500 and % stocks above their 200 dmas as maintaining a solid bullish continuation of this 6th year of this bull market. Certainly …
Continue reading “Weekly Tech Trio & Comment – “Continuation, for Now” 1st June14″
I hope all are having a productive and or relaxing weekend. Personally I’m still playing catch up on cyclical and secular trends across asset markets here, digesting the recent price action and its implications. Lets start with some macro reports here: wf-macrowkly-30-5-14 Here a useful macro equity view fro ML ml-macroequity Here the usual useful …
Continue reading “Technical, Macro Cross Asset Market Reports & Comment – 31st May 2014”
2014 has thus far been pretty disappointing if you played for a bullish continuation from 2013. Most sectors and intra indexes have struggled. Following on from the last 2 weeks more positive price action the Dow Jones is back to her 2014 opening price. The Nasdaq, as of yesterday, scrapped just above her 2014 open …
Continue reading “Weekly Technical Analysis – 27th May 2014 “Rotation Back into Cyclicals!””
The professionals remain very divided on where we are here. Some US equity markets reach new highs whilst others are technically struggling. The commodities remain an answered question for now with Fitzpatrick below providing a timely update on the inflation question. First up here AG sticking to their bearish “guns”. AG-tech-24-5-14 And here GS with …
Continue reading “Sunday Technical Trio Update – 24th May 2014”
A quick update of reports. A few key instruments for my focus and book remains. The Euro breakdown vs the GBP producing a final wave lower in her multi year cyclical bear market. The Euro possible breakdown vs the USD. This area of the chart is vital to hold for the euro if her low …
I’m still playing catch up here but the quick view from yesterday on the forum “markets” pages wasn’t a bad summary, for those that caught that. Here the swiss team’s latest report: wklytech-20-5-14 Here an excellent chart pack from cs cs-techcharts-17-5-14 Here GS GS-mmwkly-17-5-14 Here MS FX MS-FXwkly-16-5-14 “We believe the stage is set for …