As I suspected the Swiss team are very much where they were a week ago. Insufficient levels have really be broken here. This should come as no surprise until one of the major central banks takes meaningful monetary action. The technicals are confirming the fundamentals of where we are at present. Its a case of …
Continue reading “Weekly Technical Comments – “Make or Break””
As we sit here waiting for central action, or not, technical indicators are demonstrating significant moves in either direction. The Swiss team are using the “make or break” term here and now. I’ll leave all the detail on levels and various asset classes to the report. They do an excellent job of summing up things …
Continue reading “Weekly Technical Comments – Markets on a “Knife Edge””
The Swiss team publish another excellent report. We all know the key levels by now by heart. Of note the AAII bullish consensus at contrarian levels. Interestingly, they also note the euro bounce possibility but ref the low volatility in the pair eurusd. I second this although this is in great fault down to the …
Continue reading “Weekly Technical Comments – “Bounce Remains Intact 1325 Key””
A very interesting report this week from the Swiss boys. This is all entirely consistent with low volume summer trading is my own view. How many times have we been here before? Too many is the answer. I wouldn’t chase any trends right now. The technical and fundamental emphasis remains to the downside unless meaningful …
Continue reading “Weekly Technical Comments – “Near term, 1325 The Ultimate Trigger To Go Short””
The Swiss team, on the money yet again. Im back in the office tomorrow so comments then. All the best RichWeekly10-07
A facinating report from the Swiss Team this week. They are sticking to their guns that this rally is purely corrective and that July will produce much weakness in the major indexes. I must say, this sits quite nicely with the way i see things as well. SP500 rally to between 1370 to 1390 cash …
Continue reading “Weekly Technical Comments – “Use Strength to Sell””
A much wider report from the Swiss team this week. They cover more instruments inc gold, the US$ and equities. They are still looking for another leg down, at least in equities but likely all risk asset classes. They remain bullish thereafter especially on commodities. Here the report: Weekly26-06 They could well be right but …
Continue reading “Weekly Technical Comments – “Risk Vunerable into July””
First up the US$ index. Her up trend is clearly intact and has much room to run. “Operation Twist” is an attempt to flatten the yield curve, only. It has no net positive money supply implications. The Fed statement was therefore supportive of ‘risk off’ and repatriation of US$ which is should continue to …
The Swiss team once again repeating the ‘don’t chase this rally’ line. The technical weakness remains with more issues than not below their 200 day mas. Only the US mega caps are holding thee indexes up and these are looking weak especially when we see renewed US$ strength again. On the upside this rally could …
Continue reading “Weekly Technical Comments – Repeat “Do Not Chase The Market””
The Swiss team make their weekly technical comments below. The rebound has finally come recording the largest weekly gain for a year in many indexes. The bad news is they don’t see the recent lows as the tactical bottom. They are still targeting 1250 in the near term (by end of july) with 1358 (sp500) …
Continue reading “Weekly Technical Comments – “Don’t Chase The Market””
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””