The Swiss team confirm the near term capitulation that we saw last week. They expect a bounce here lasting between 5 and 10 sessions. They recommend selling strength with S&P 1250 and even 1210 as cyclical targets. Its hard to disagree with their analysis on this occassion. Greek elections marked for the 17th June and …
Continue reading “Weekly Technical Comments – “5 to 10 Session Bounce A Selling Opportunity””
As markets tumble we have to ask the same question we have asked ourselves so many times before. Is the economy, once again, heading into a deflationary de-leveraging spiral? The 10yr T-bond rates would answer this question with a resounding answer – yes! Lipper fund flow data has continued to roll in month after month …
Continue reading “The Inflationary Inflection Point Approaches”
The Swiss team pointing to the AAII survey and the over sold indicators. (They dont pick up on the drop on bearish advisor sentiment as does Weinstien, Ive covered this on the forum). They are calling for a near term bounce in the next few sessions. The medium term technial weakness remains however so they …
Continue reading “Weekly Technical Comments – “Short-Term Oversold Bounce” Before Selling Resumes”
The Swiss team (and many gurus inc Weinstien) getting uber bearish here and now. The cyclical bull is hanging on to a very thin thread now. They believe tech has already scored a cyclical top with a major correction in tech to come. Apple remains above 555 but watch this level. Weekly08-05 All the best …
Continue reading “Weekly Technical Comments – “Sell Any Bounces”.”
The Swiss team remain near term bullish but not change on the post rally bear. Away in London at present so I’ll save more meaningful comments when back at the desk. All the best Rich Weekly30-04
The Swiss team sticking to their medium term call of another wave down but near term they are calling for a multi week rally here this week. They like risk assets ie the CRB as well AUDUSD and believe a new high is to come for some EM indexes. Medium term they stick to their …
The Swiss team assert that the bear is likely to push this lower and that a continuation to 1340 is the path of least resistance. They sight 1388 as a key level s&p500. Take note that on today’s sharp spike up we are back over 1388 as i type. If we do push on here …
Continue reading “Weekly Technical Comments – “Below S&P 1388 invites a move to 1340””
And a few more.. (On the latest, end of March Case Shiller US house prices adjusted for inflation using the official inflation nos, we are back to the year 2000 house prices. This chart shows the end of Feb index readings, official inflation adjusted).
I’ve been making the case for global equities since the 2008/9 financial crisis. Developed world equities have come a long way, more than doubling, since the 2009 lows but does this make them expensive here? Not in my and many other’s opinion (inc GS’s as below). The same recent positive gains cannot be said for …
The swiss team reconfirming their near term correction call and providing targets etc.. All the best Rich Weekly10-04
The Swiss team unsurprisingly maintain their bearish short and medium term views. They expect a pro commodity pro risk rally in the aud and some commodities short term but sight this as only an opportunity to sell. The Eurostoxx50 looks very weak as well as the Shanghai and Audusd and many commodities. Here the report. …
Continue reading “Weekly Technical Comments.. Break of S&P500 1386 Bearish..”