The Swiss team haven’t changed their minds. They see yesterday’s new highs as a wave 5 of this trend. They still favour a near term pull back sighting the weakness in the cyclical material, industrial and transport stocks as evidence. We can see this recent rally has not carried miners or industrials with it. Other …
Continue reading “Weekly Technical Comments.. “Don’t Chase but S&P 1425 Overshoot Possible””
The Swiss team’s latest technical report below. They are sticking their prior view of a topping process. 1340 as a team nerm target before a retest of the recent highs before a may-ish resumption of the cyclical bear. In my view we are likely for a setback here and now. I have no set view …
The Swiss team are where they were essentially. They have revised up their near term S&P target but remain very cautious on the rally and advise not chasing. They maintain an end of Q1, early Q2 top followed by a resumption of the cyclical bear. “From a cyclical perspective, May to July should be weak …
Continue reading “Weekly Technical Comments – “S&P1400 Likely but don’t Chase the Rally””
Weekly28-02 ‘it’s too late to buy but too early to sell or short the market’. Sums it up!
We remain a little overbought here but equities have rotated and worked off a little of the over bought momentum. Here the main SP500 index: We have come a long very quickly so logic tells you a correction should occur here. We (inc many commentators) have been expecting a minor pull back for the last …
Continue reading “Macro Monetary, Economic & Market Comments..”
Japan is complex story. From the eyes of a western investor a surreal world where valuations seem entirely out of step with western metrics. Imagine a world where the yield you recieve for lending your capital to your government (A very indebted government with 200% debt to gdp) is less than 0.95% per annum for …
The Swiss team are pretty much where they were last week.Short term very overbought. Increasing divergences with selectiveness increasing as the broad based rally breaks down. A pull back before the final leg up to 1370 (and change) into end q1 early q2 before the cyclical bear resumes. The JPY and Nikkie very interesting and …
Continue reading “Weekly Technical Update – ‘Risk On Trade Losing Momentum’”
The Swiss team sight the ‘momentum of the January bull leg is unsustainable. They also point out that, ‘a classic price top is still missing in any one of the major indexes’ so too early for selling or shorting. They believe any kind of near-term weakness as the beginning of a top building process that …
Continue reading “Weekly Technical Analysis – Near Term Remains Overbought..”
Here we see the Dow cash which on Friday met her prior high set April 2011.. Its not a breakout yet on the dow cash but its very close now.. The wider S&P500 isn’t performing as well as the DOW for obvious reasons.. ie that large multinational cos are greatly prefered at present due to …
Continue reading “Chart Blitz – (A Purely Price Analysis)..”