The Swiss team continue to look for a shallow pull back in the major equity indexs. They are looking for a sector rotation from high beta stocks (ie copper miners) into low beta/defensive stock like utilities. They show a chart pattern of a potential utility breakout here and now. Also of note, having correctly turned …
Continue reading “Weekly Technical Analysis. Equities Overbought But HUI To Continue Breakout..”
The Swiss team have changed their stance a little. The recent strength providing evidence that the pull back, when it comes, will be shallow and not severe. From their technical perspective, they judge, this move will likely therefore run to the end of March or early April and score a higher high across the broad …
Continue reading “Weekly Technical View & Macro Comments, ‘Near Term Overbought’..”
We have many instruments at resistances or supports.. We have had an excellent run and the loan data is coming through more positively for both the US and China. The YM or dow futures having enjoyed a near 20% run up from the Oct lows looking like she needs a breather if merely just to …
The Swiss team maintain their bearish stance. They are ignoring all the fundamental news re debt growth etc. Purely from the technicals they are calling a near term top. SP500 futures currently at 1290 so getting very close to their sell level. Techweekly10-01-12 As we sit here today it looks a bold call having many …
As attached from MS.. I have to say up front that disagree with the basic premise that stimulus is coming to an end. We have negative interest rates and imo these will widen as inflation rises. Direct QE may not be needed should credit growth expand as the fed, boe, ecb desire but on any …
UBS near term bearish but predicting the cyclical bear bottom in 2012. I’m out of time to comment now but here attached the comprehensive technical report. Dont chase the market and a fake breakout is UBS’s nearterm call. All the best for now. Rich UBSTechnicalStrategy2012
Ok, so where are we? In my opinion, the old trader’s line of ‘buy the rumour sell the news’ has been spot on. Seasonals have a part but they don’t drive the market. We are, therefore, in the process of the entire ‘risk on’ trend breaking. As a general technical and fundamental comment, rather than …
Continue reading “Portfolio Allocations & Markets.. The Multi Asset BEAR is Very Close Now..”
We have had rumour on top of rumour. Central banks took action to liquify the system through their collateralized swap loans, equity markets were over sold and we recorded one of the best weeks for asset prices in years. Markets have risen nicely to resistances and tomorrow the euro meetings start. The good news is …
Where to start.. Firstly, apologies for not posting sooner. I will post some technical charts up after this brief comment. France, Germany and Italy made a joint statement out of Frankfurt today that the ECB will remain independent and that there would be no undue pressure from sovereign states to enforce the ECB to monetize …
Continue reading “Summary Its a Bacon Slicer – ‘We Are All Doomed But Some Less Than Others’”
A personal story extracted from swissmetalassets.com link provided below. In 1976 Mexico devalued her peso vs the US$ by 50% “Everyone in the country was in shock. People’s net worth had devalued more than 53% overnight. The value in savings accounts dropped in half and neither merchants nor consumers knew how to react because they …
Continue reading “Monetary History – The Day After the 1976 Peso Devaluation…”
Apologies a few days late with this one but here below the brilliant Daid Einhorn’s Q3 letter to shareholders. Ill run through his latest entries in the next few days and update this post. He has made some exceptionally good calls in the last few months inc Vod, Green Mountain etc. I see he has …
Continue reading “David Einhorn’s Q3 Letter to Shareholders”
Everything running surprisingly smoothly at present.. long may it last. We know the consensus was very negative on the recent lows. We also know fund redemptions have been severe and that companies are sitting on cash heavy balance sheets. These positive factors seem to be holding up and the market and the momentum is to …