by
prestonni
on
Sep 11, 2012 •
After a two week vacation the Swiss technical team are back on duty and although reporting over bought conditions for risk assets are seeing any pull backs as top up opportunities. Indeed their analysis across fx and individual asset classes is super bullish, a Q4 pull back aside. Ill update this note later when i’ve...
by
prestonni
on
Sep 7, 2012 •
Ive been following SC’s (high net worth private client) wealth management weekly report for a while. To my mind its been accurate and timely in its recommendations and insights. It nicely brings together the key fundamental and technical strands of world asset markets, monetary and fiscal policy all in one weekly report. The ECB’s unlimited...
by
prestonni
on
Aug 21, 2012 •
This week’s report from the Swiss team follows on from last week’s whereby they are shifting their medium term technical projections towards a bullish scenario. They have moved back their timeline to mid end Sept for a correction. They now expect 1422 to be broken to the upside in the near term. They state an...
by
prestonni
on
Aug 14, 2012 •
The Swiss team have stepped back from their 1200 spx target for later this year. Near term they expect a pull back due to over bought conditions. On the medium term they continue to expect a more significant correction in the indexes of 5 to 8%. The recent sector rotation is a positive signal though...
by
prestonni
on
Aug 7, 2012 •
As I suspected the Swiss team are very much where they were a week ago. Insufficient levels have really be broken here. This should come as no surprise until one of the major central banks takes meaningful monetary action. The technicals are confirming the fundamentals of where we are at present. Its a case of...
by
prestonni
on
Jul 31, 2012 •
As we sit here waiting for central action, or not, technical indicators are demonstrating significant moves in either direction. The Swiss team are using the “make or break” term here and now. I’ll leave all the detail on levels and various asset classes to the report. They do an excellent job of summing up things...
by
prestonni
on
Jul 3, 2012 •
A facinating report from the Swiss Team this week. They are sticking to their guns that this rally is purely corrective and that July will produce much weakness in the major indexes. I must say, this sits quite nicely with the way i see things as well. SP500 rally to between 1370 to 1390 cash...
by
prestonni
on
Jun 26, 2012 •
A much wider report from the Swiss team this week. They cover more instruments inc gold, the US$ and equities. They are still looking for another leg down, at least in equities but likely all risk asset classes. They remain bullish thereafter especially on commodities. Here the report: Weekly26-06 They could well be right but...
by
prestonni
on
Jun 22, 2012 •
First up the US$ index. Her up trend is clearly intact and has much room to run. “Operation Twist” is an attempt to flatten the yield curve, only. It has no net positive money supply implications. The Fed statement was therefore supportive of ‘risk off’ and repatriation of US$ which is should continue to...
by
prestonni
on
May 29, 2012 •
Apologies for the delay in posting this week’s technical comments. The Swiss team stick to their call of last week that equity markets are deeply oversold and therefore a bounce should continue this week before more weakness resumes through June. They recommend selling SP500 levels around 1340 to 1350. Today cash reached 1335 so we...
by
prestonni
on
May 22, 2012 •
The Swiss team confirm the near term capitulation that we saw last week. They expect a bounce here lasting between 5 and 10 sessions. They recommend selling strength with S&P 1250 and even 1210 as cyclical targets. Its hard to disagree with their analysis on this occassion. Greek elections marked for the 17th June and...
by
prestonni
on
Apr 4, 2012 •
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....