Category Archives: Technical trading

Central Banks Swaps Lines Attempt to Re-set Pro Risk Rally

I dont have time now to comment fully now but the latest central bank action represents massive intervension in the fx markets. http://www.bloomberg.com/news/2011-11-29/stock-futures-in-u-s-decline-after-bank-ratings-cut-by-standard-poor-s.html In summary its clear signal to market participants that no cash is safe. That central banks will be willing to accept overseas soverign debt junk (ie euro debt) as acceptable collateral for …

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Weekly Technical Comments – Xmas Rally in Place (Subject to 1158 sp500 holding)..

Here attached the UBS pair’s weekly technical comments.. They are maintaining their bullish stance re equities and pro risk assets generally. They don’t mention the eurusd specifically but state they are bearish on the dx and so we have to assume they are bullish on the euro as the dx is mainly the eurusd pair. …

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Weekly Technical View..

The UBS team continue to expect a late Nov high beta rally. They site the 1.348 eurusd level as important too hold to sustain the risk on rally and sp500 1226. Lets see.. Weekly15-11 For my mind market watch here providing a rare ‘perfect’ summary of where we are.. http://www.marketwatch.com/story/the-bulls-need-to-punch-through-resistance-2011-11-14?link=mw_home_kiosk Rich p.s. With the pre …

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Weekly Technical View.. Equities Vunerable

The UBS boys maintaining a generally bullish stance towards equities up to end q1 2012. Near term, equities over bought and due a pull back which could last to end of Nov. SP500 above 1883 is a buy.. Below this would set off some alarm bells. They are also bearish oil from 100 usds. They …

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Markets..

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 …

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Weekly Technical Update.. & Comments..

UBS still insisting the bounce is intact and to buy the dips so long as sp500 cash stays above 1220 on a closing basis. Weekly01-11 Well, we are at 1218 on the sp500 cash now and below this on futures. We are therefore at a key level now which is repeating across currencies and other …

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Precious Metal Break their Ranges.. Another HUI False Dawn?

Gold and silver both scored parabolic moves in 2011, have the parabolic moves finished or are we about to see a dramatic leg up? We shall soon see guys. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/10/25_Stephen_Leeb_-_China_Will_Send_Gold_%26_Silver_to_the_Moon.html Today may or may not be the long promised dawn for the pm miners but there have been interesting price moves as the pm metals …

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Weekly Technical Comments.. Buy The Dips..

The UBS team retain their bullishness with the recent ‘melt up’ being consistent with a short squeeze and therefore highly likely that a retrace comes now given the short covering that has occurred as the levels got blown over. This fits with the bearish sentiment in the market we saw before the melt. I also …

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UBS Weekly Technical Update – ‘Multi Month Rally Within A Cyclical Bear – Buy Pull Backs’ 11th Oct

Apologies for the delay in posting up.. Ive been traveling between beach, mountain & city. Below the UBS technical view. Its a complex report this and contains many gems. The summary is sp500 above 1074 or so (on a closing basis) signifies the low is in for this wave of the cyclical bear. They suggest …

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