Here the Swiss team’s weekly technical comments. They are expecting a large inter governmental qe3 event but weakness may extent into the fall of 2012 before a new significant bull leg in equities takes hold. They therefore discount, for now, the deflationary melt down scenario that some are pointing to. They do point out that …
Continue reading “Weekly Technical Comments – No Deflationary Meltdown”
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 …
Continue reading “Weekly Technical Comments – “Oversold Bounce Only””
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 …
Continue reading “Weekly Technical Comments – “5 to 10 Session Bounce A Selling Opportunity””
As markets tumble we have to ask the same question we have asked ourselves so many times before. Is the economy, once again, heading into a deflationary de-leveraging spiral? The 10yr T-bond rates would answer this question with a resounding answer – yes! Lipper fund flow data has continued to roll in month after month …
Continue reading “The Inflationary Inflection Point Approaches”
The Swiss team pointing to the AAII survey and the over sold indicators. (They dont pick up on the drop on bearish advisor sentiment as does Weinstien, Ive covered this on the forum). They are calling for a near term bounce in the next few sessions. The medium term technial weakness remains however so they …
Continue reading “Weekly Technical Comments – “Short-Term Oversold Bounce” Before Selling Resumes”
The Swiss team (and many gurus inc Weinstien) getting uber bearish here and now. The cyclical bull is hanging on to a very thin thread now. They believe tech has already scored a cyclical top with a major correction in tech to come. Apple remains above 555 but watch this level. Weekly08-05 All the best …
Continue reading “Weekly Technical Comments – “Sell Any Bounces”.”
The Swiss team remain near term bullish but not change on the post rally bear. Away in London at present so I’ll save more meaningful comments when back at the desk. All the best Rich Weekly30-04
The Swiss team assert that the bear is likely to push this lower and that a continuation to 1340 is the path of least resistance. They sight 1388 as a key level s&p500. Take note that on today’s sharp spike up we are back over 1388 as i type. If we do push on here …
Continue reading “Weekly Technical Comments – “Below S&P 1388 invites a move to 1340””
The swiss team reconfirming their near term correction call and providing targets etc.. All the best Rich Weekly10-04
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. …
Continue reading “Weekly Technical Comments.. Break of S&P500 1386 Bearish..”
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 …
Continue reading “Weekly Technical Comments.. “Don’t Chase but S&P 1425 Overshoot Possible””