We have a very divided set of views this week from the various technical teams. Searching for consensus among the teams is that this recent bullish reversal will likely run out of steam very soon so certainly chasing or evening covering shorts at this precise point in the market appears a dumb thing to me. …
Continue reading “Weekly Technical Analysis – SPX 1900 Support 2020 Key Resistance – 7th Oct15”
The Swiss team are traveling so no comment from the guys and not much need for a comment and no levels and price action particularly demands comment for now. Near term it looks like a bounce is in progress off some key supports for several equity markets lead by asia over night. This is the …
Continue reading “Weekly Technical Analysis – “October Falls” 30th Sept15 v2″
Another great report from the Swiss team here below. Its very tricky to plot the anatomy of the forthcoming ending of the bull market and the various twists and turns of a hard correction. Nonetheless it seems the team are doing a good job of doing just that. Volatility is continuing with the Nikkie moving …
Continue reading “Weekly Technical Analysis – “Sp500 Rebound into Mid September” 9th Sept15″
The highlights for me from last week’s bear attach was the short sharp explosion in volatility together with a short term liquidity drain from the market. The most notable other issue was the euro carry trade de-lever which spiked up the euro even as markets fell. Commodities generally fell as US$ also fell. To me …
Continue reading “Weekly Technical Analysis – “Sp500 Rebound Into End Sept” 2nd Sept15″
Volatility across asset markets, but particularly global stock markets, leaped out of their collective skins this week. Across sectors and global indexes, across asset markets order books gaped and that’s significant in terms of leverage. There has to be a bid on the order book for leverage to ever be considered. So watch this issue. …
Guys, i’m traveling at present but here in any case the latest reports. Comments in the next few days. Here the Swiss Team: wkly-tech-18-8-15 And here GS gs-wklytech-15-8-15 And here Fitzpatrick: cb-wktlytech-15-8-15 And here CS: cs-wklytech-15-8-15 And here RBC tech: tbc-wklytech-17-8-15 And here MS on fx: ms-fxtech-18-8-15 And here RBC macro rbc-macro-18-5-15 We are very …
Continue reading “Weekly Technical Analysis – “SP500 2063 Key Support” 19th August15″
Guys the latest report below. Im in sync with the Swiss guys comments here below. I’m not aggressively short yet on any indexes although i do strongly suspect euro indexes have already seen their high water marks for the year. Sp500 im not so sure but the failure is extremely like to come on this …
Last week the Swiss team took a well deserved holiday. Many market report teams are holiday so please keep this in mind. First up here the latest from the guys. wklytech-4-8-15 The level of bearishness in the market is at such an elevated level its hard to go short using technical history as a guide, …
Continue reading “Weekly Technical Analysis – “SPX Deeper August Top” 4th August15″
Guys Ive just received this and I realize many here are market timing these asset markets on the short term. I post this up in a timely manner here so as to not delay participants getting this perspective. Asset markets are getting interesting here is my immediate comment. I have a great deal of reports …
Continue reading “Technical Analysis Update – “Weak Technical Picture Remains” 21st July15″
This post will be updated tomorrow. I believe the guys are spot on that this there are clear technical signals that this is building into a decent technical correction later in the summer. There fore that this price “bounce” is the perfect long portfolio selling opportunity. Here the Swiss team’s latest report: wklytech-15-7-15# More tomorrow.. …
Continue reading “Technical Analysis Update – “SPX July Strength, Selling Opportunity” 15th July15″
Volatility rising and widening across asset classes internationally now. Its all part of the normal historic trend of rising volatility pre a trend change, imo. I wouldn’t go aggressively short yet but it was correct to move to a high cash level as of a month or so ago. Here a few updates: Firstly GS: …
Continue reading “Interim Technical Update – “Volatility Continues to Rise” 8th July15″
We are in the final stages of this 6 year bull market. Europe appears to have already set her highs. World indexes also appear to have topped out. The wild card is the US where the Fed continues to talk rising rates and pipeline ever improving data. The US$ is at her supports and on …