Please find the Swiss team’s latest weekly technical market comments below. It was becoming clear last week that the bear case had weakened. US markets have indeed made new record highs and market breadth has improved which the Swiss team are now acknowledging. Issues like the Russell2000 joining, as well as the semi conductors, extensions …
Continue reading “Weekly Technical Comments – “SPX Overshooting 1610, Cyclicals Outperforming””
Ok, the Swiss team’s latest insightful technical comments below. As a summary they are sticking to their call that this remains distributive. A key plank of their argument is that until we get a rotation into cyclicals and away from defensives the theme remains distribution. This is a classic analysis and is historically correct. Cyclicals …
Continue reading “Weekly Technical Comments – “Bounce Stronger Than Expected But Distributive””
I attach the WF economic update below. We have growth with the US GDP coming in at 2.5% today for Q1, below consensus but in a world awash with slow, or negative – Europe, growth a positive reading is something at least. German pmi came in weak again and the UK managed to score a …
Continue reading “Macro Economic Update – “Another Spring Another Slow Down””
No report this week from Commerz so i’ve posted up GS’s latest take on the bullion. In summary, they are long and medium term bearish on the asset class. They sight rising interest rates, low inflation and an improving US fiscal picture to cap any short term bounces in the bullion. Near term they are …
Below the latest Swiss team’s comments on the major market indexes from across the globe. Short term issues remain as were. On the short term, we have a bounce which is an opportunity for adding to hedges. Euro indexes have having been more over sold have enjoyed a higher bounce than the US sectors, thus …
Continue reading “Weekly Technical Comments – “Short-Term Bounce Before More Weakness””
Ok, attached below the latest view from the Swiss tech team. Another great report and nothing in the last week has invalidated their view on the major asset markets which ties in to my own views as documented on the forum boards. US index Sp500 false breakout. Rus2000 failure and looking very weak. Sub sector …
The Swiss team’s latest weekly tech view below. They are sticking to their call not to chase this rally but above S&P500 1535 it remains bullish but technically very weak. They pick up on many of the same issues we have been seeing and commenting on in the forum, for some time. Continued inter market …
Continue reading “Weekly Technical Comments – “Again, Don’t Chase This Rally””
Happy Easter to all. A few world markets are open today but as there is a euro area holiday today its very quiet. I thought I’d use the time to post up a few end of quarter comments and charts as well a few specific trade monitoring screens that I use regularly, in the interests …
Continue reading “Quick End Q1 Comments, Practice, Tech Charts..”
Apologies guys for the delay, i’ve been traveling today. Below we have another outstanding technical run through of the world’s major markets and instruments. I don’t want to repeat the Swiss team’s comments so therefore i won’t cover the same ground but will try and add to their analysis below. We are where we have …
Continue reading “Weekly Technical Comments – “Don’t Chase SP500 – 1538 Pivotal””
Another solid report from the team in Switzerland covering the major sectors and indicators and price patterns once again. Amongst the items a wave five top for end q1 looks increasingly likely but its possible that a new higher high can be formed as the distribution is not providing a classic signal yet. This is …
A quick info dump here for all. Here below the latest bullion tech. Having been asleep the bullion’s volatility is creeping up again as are her HUI miners. This makes me wake up again on the asset class. BullionWeeklyTechnicals12032013 Here the below the latest WF monthly macro economic run through. Global macro remains very weak. …
The latest tech report from the Swiss team below. Many of the comments echo my own thoughts from last Friday. We have growing technical divergences here. Many instruments and sectors are failing to confirm the recovery in the world economy that the all time record high on the Dow Jones and many other indexes is …
Continue reading “Weekly Technical Comments – “SP500 Wave 5 Underway – Growing Tech Divergences””