The Swiss team remain bullish and pro risk. Near term they forecast these overbought conditions to be worked off a little before new highs are achieved. They remain true to their buy their cyclical forecasts though admit that these themes have disappointed thus far. They pick out the Shanghai and the gold miners are being …
Continue reading “Weekly Technical Comments – Near Term Overbought But New Highs For Q1 2013.”
Weekly20-11
SC sticking to their defensive yielding blue chip equities theme. Buy the dips is their view with 1370 and 1345 buying zones in their opinion. Fund flows to fixed income and money market funds as well as the level of bearishness in the market leads me to mirror their view at present. I’m out of …
I’d like them to explain themselves a little more than they have done in the past but we have to hand it to the German team they have “nailed” the bullion weakness in recent months. Only the false break to the upside made the question their call and this questioning lasted only a week or …
Continue reading “Weekly Bullion Technical Comments – “Short Term Bearish, Medium Term Bearish””
An excellent report from the Swiss team. They correctly, in my opinion, highlight the consequences of the near term price supports giving way. “A daily close below 1395 (stop loss for tactical longs) would be, at least on the short-term basis, a game changer, suggesting more weakness into mid-November towards 1378/1370”. There remain lots of …
Continue reading “Weekly Technical Comments – “A Break of S&P 1428 Outright bullish””
The SC team once again producing a wide ranging report and a more bearish tone, short term, than the UBS technical report. SC are sticking to their defensive themes and are expecting a deeper pull back post the US elections to sp500 1345. This would take price below her 200 d.ma. and would infer a …
Continue reading “Weekly Market Roundup – “Weakness is Likely To Prove Temporary””
Another strong (and bullish) report from the Swiss team. I’ll leave the detail to you. Report below. Regarding my own book, I expected the cyclical stocks to be in the front line of the recent correction but this is not what has occurred. Cyclical themes usually provide a beta to the overall market both up …
Continue reading “Weekly Technical Comments – “Buy The Dips on Cyclical Themes””
The German team remain consistently bearish in tone although their stated short and medium term judgements are neutral. They remain long term bullish on both gold and silver. They have indicated today that according to their model should 1713 break today 1693 to 1697 should come into play with the 200 day moving average at …
Continue reading “Weekly Bullion Technical Comments – “Gold 1693 to 1697 in Play””
I must say the more time I see the Swiss team tested the more i like their methodology. Their approach is current best practice and its worth has been tested over and over in the time we have been following them. To the report. An outstanding report once again. The only level i would question …
Continue reading “Weekly Technical Comments – “Buy into Weakness S&P500 1395/1400””
Apologies for the delay in posting up Standard’s report. The SC team have become shorter term bearish it seems but medium and longer term remain committed to their long defensive equities, gold and oil position. If the recent weakness breaks the recent up trend they recommend using the weakness to add to positions. I would …
Continue reading “Weekly Market Roundup – “Short Term Risks Of Mild Correction””
The Swiss team sticking to their pro material and cyclical bullish theme again. They observe the strong rally in defensive and admit being surprised by the relative strength. On the break of 1430 they explore possible alternative scenarios and interestingly the possibility of an early q4 correction in markets. They maintain that this is a …
Continue reading “Weekly Technical Comments – “Price Structure Remains Bullish Above S&P1430””
An excellent report as usual. Ill leave specific comments for now until i have a little more time but here below the pdf. My brief single comment here, if i may, is that over bough technical indicators can remain over bought for an extended period so whilst i agree I maintain that the next week …