Risk assets continue to build to an important and profitable corrective top from their over sold bounce earlier in Q1. I’m taking gradually taking profits on risk, though not precious metals, at the higher levels of the top of this very recent distribution. Unfortunately i cant bring many meaningful technical comments of my own as …
Continue reading “Weekly Technical Analysis – “Risk Corrective Top In Sight” 16th March16″
Price action has been steady with no fireworks, only oil aside. Its an interesting report again this week from the guys. The correction from over sold levels across risk has occurred more powerfully and rapidly than the Swiss team expected. They have therefore shifted their timing model forward reading the recent moves as an impulsive …
Continue reading “Weekly Technical Analysis – “Bounce in Risk Close to Completion” 8th March16″
So far so good on the ABC rally. A is extending and B is delayed, for now. Breadth is weakening so its a matter of time before we take a breather here. Comments on micro managing this rally from last week sustain. Gold has not shown much of retrace in spite of the US dollar …
The market risk on rally continues though as a part of the rally the team forecasting a near term top before continuation, classic ABC. Oil appears to have bottomed as have many commodities and commodity fx. Gold appears likely near term capped for now at her recent resistance 1250 to 1270. Currencies wise, the gbp …
None of us have a crystal ball but we do have technical analysis which on probability is proving once again a wonderful guide to short and medium term asset market direction. Levels wise we did indeed score the lower low across most risk markets and it did appear indeed to provide a wonderful trading entry …
Markets are moving quickly here so a few technical comments. The bounce has not sustained. US sector wise the prior alphas of tech and bio tech are the unsurprisingly the alphas now to the down side. Bio tech particularly has made new lows again and is now down 40% from her high point. Europe has …
Continue reading “Weekly Technical Analysis – “Basing but Re-test of Lows, Possible” 2nd Feb16″
The Swiss team have issued a Technical Alert as markets have moved so quickly in the last 2 weeks. With standing a bounce to 2100 Sp500, they have confirmed a bear market and therefore the probability moves to no new higher highs for the sp500 on this secular bull market. (Effectively this mirror’s JP’s call …
The negative sentiment high momentum failure of Xmas rally has continued so that we are now at some key levels across many asset markets inc currencies and commodities and equities. Momentum is sufficiently strong and leverage has been sufficiently high that stop hunting can certainly occur here but we are over extended and sentiment is …
Welcome to the first post for the 2016 year and I can’t remember starting a year to so much volatility and uncertainty. There is so much to comment on inside the following outlook but this to come. Without delay I want to bring you the technical “Swiss teams” outlook for 2016 and beyond which is …
The Fed’s raise in interest rates well flagged and coming in at the full 25 basis points level. Supportive for the US$ and therefore the Euro equity rally into the year end, at least. Levels wise the Eurostoxx 50 level of 32 played out perfectly to the script thus far. The GBPUSD also played out …
Continue reading “Weekly Technical Analysis – “Equities Trading Low in Place” 16th Dec15″
Guys I’m traveling so a quick update here with more to follow later today. Here the Swiss team’s latest: wklytech-8-12-15 Here GS: gstech-7-12-15 3200 level on the eurostoxx 50 a fairly important pre xmas level. Draghi’s disappointing announcement leading to a reversal of the euro carry trade, for now. Its a perfect market event with …
Continue reading “Weekly Technical Analysis – “SP500 Consolidating” 9th Dec15 V3″
Some interesting price feedback from FX here aside the equity rally has continued. Although the US$ is continuing to make good strength vs sterling and the euro she has scored failure patterns vs several currencies inc the AUD and SGD, CAD and others. This could be a meaningful indicator that the US$’s strength could take …
Continue reading “Weekly Technical Analysis – “Pre Xmas Rally Pullback” 24th Nov15 V2″