The Swiss team’s report listed below. World markets are continuing to show remarkable resilience in spite of all the indicators pointing to likely price weakness and even a correction. The team have pushed out their deeper correction timeline to Q1 2014 now given the likely higher high by the s&p500. Near term, they are now …
Continue reading “Weekly Technical Analysis – “SP500 Toppish & Europe Trading in Wave 5””
September is usually associated with providing direction in the markets after the long summer months of chop and churn which is designed to confuse participants on where next. The macro theme since May of this year has been rising rates globally albeit from super low historic levels. Rates have risen quickly with today seeing the …
We have labor day holidays across US markets today which marks the official ending of the usual summer malaise in market volume. Sept is seasonally a volatile month and more often than not to the downside. Having said that August was a bad month for bond prices as rates marched higher across sovereign and consumer …
Continue reading “Weekly FX Technical Analysis & Macro Comments.. “US$ Bouncing Off Key Levels””
There is one story dominating everything at present namely: To taper or not to taper? I’m very tempted to think this is a premature question as the FED is currently monetizing 85bn of securities a month and simply a taper of 25bn or less aimed at the short end of the yield curve could be …
Continue reading “Weekly FX Technical Analysis, Macro Comments & Bullion Technicals”
Its that time of week again for a barrage of technical market reports and comments. First up here the weekly market comments from SC: SC-WklyMkt-View-16-August-2013 Over weight US equities and European equities and US$ high yield.They repeat their rational which is leaves the door open for a continuation of near term technical weakness. “Recent earnings …
Continue reading “Weekly Technical Analysis – “S&P500 Top in Place, Over sold on the Near Term””
The swiss team’s latest report is below. There is some caution in their latest report. They have opened the door to adjusting their model dependent on potentially “game changing moves” in the metals to Europe. To my mind this is all part of the summer heat. Summer trading days are there to confuse the …
Continue reading “Weekly Technical Analysis – “S&P500 Still Holding 1685””
The Swiss team’s latest report below. They retain their bearish call on equities and significantly call for a top in cyclical stocks and a re-rotation back into the defensive issues. Their words, also mine on the forum pages: “Make or Break Setup in US Cyclical Performance” This issue cuts to the core of the sustainability …
A new trading week awaits us with some key equity index levels as well as fx levels fast approaching. First up a very useful report from citi. They are bullish for this week on the bullion, WTI, and bearish the GBP. On WTI if price breaks the 110 level 145 will come into play. This …
Continue reading “Week Ahead Tech Comments – “Bullish Bullion, Bearish GBP””
Hey Guys, I trust you are all having a hugely productive and or relaxing Sunday. Volatility has been stepping up across asset markets in the last few weeks. From fixed income to equities to commodities volatility is increasing here so its correct to take a step back and double check where we are. Its the …
Continue reading “Sunday Reflection & Analysis Of The Near Term Equity Bear Technical Case..”
The Swiss team have re-grouped and come back fighting. They didn’t get the pull back their models suggested. It has taken a month or so for them to really digest/accept this and re-set. We all learn by the rod here that you can’t get stubborn on these things. We are all paid on price and …
We have for several weeks discussed, on the forum pages as well as editor comments, that the technical report produced by our Swiss colleagues had got their near term calls wrong. That, instead, the US equity markets displayed more technical strength than they had accounted for but this didn’t sit neatly with their cyclical model. …
Below the latest Swiss team’s comments on the major market indexes from across the globe. Short term issues remain as were. On the short term, we have a bounce which is an opportunity for adding to hedges. Euro indexes have having been more over sold have enjoyed a higher bounce than the US sectors, thus …
Continue reading “Weekly Technical Comments – “Short-Term Bounce Before More Weakness””