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 …
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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 …
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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 …
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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) …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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