We have found supports across many different asset markets from industrial metals to softs to equity markets. Vs this we have extreme political and central bank involvement in asset markets. Their actions are driving price potentially overwhelming the technical issues. Extreme spikes down are very possible therefore as the technical supports and up draft is …
Category Archives: Technical trading
Technical & Economic Indicators ‘TPPFs’ – (WellsF Report – Updated Friday/Sat Weekly)
We all hopefully fully understand the difference between the fundamental nos and technical trading issues. In my opinion both elements are important to build an effective multi asset, multi fx investment and trading strategy. Anything less is to subject yourself to immense risk and therefore swings in returns. Happy to expand this discussion in the …
Buy Stocks – ‘Intermediate Low – Buy Weakness’ UBS Update
UBS are of the view that the low is likely in for this leg of the cyclical bear. They do leave the door open to a retest of the lows of this leg in the next week or so but recommend any such move as a ‘buying opportunity’. October rebound scenario. Sectors etc are in …
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Silver Loses 25% in Two Days..
Post the non expansion of the Fed balance sheet silver has been the worse performing major asset class in the markets in the last 2 days. Silver futures today have dropped 17.7%. This represents their biggest one-day percentage decline since least 1984. Technically trading silver is a very dangerous business. I prefer to be a …
UBS Technical Update – Cyclical Bear in Motion – Interim Final Leg Down in Next 2 weeks..
Of course its all probabilities. The Nasdaq is in breakout to the upside. The UBS technical team are sticking to their bearish forecast of the final interim lows to occur at lower levels. A move above 1230 would negate the UBS view.. I cited 1210 SP500 which we are still struggling with. Lets see.. Rich …
DX/Asset Prices – Inverse Correlation Breakdown – Opportunity or Threat?
Its been “the” inverse correlation which has driven black box trading systems, hedge strategies, risk on and risk management trading systems of the last few years. Very simply as the dollar index declined asset prices rose, especially those assets priced in USDs ie commodities. Every correlation and inverse correlation must have some logical basis to …
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UBS – Weekly Technical “Equity Capitulation – Entering Mature stage of the Bear Leg”.
UBS aiming for 1020 as the possible downside target for sp500. In spite of the bearish call “don’t sell” is the UBS call ie simply a cyclical bear within the secular bull.. which mirrors my own view given the monetary ‘strategy’ which will be employed. (ie MONEY PRINTING). The UBS view, in summary, is that …
Option Call Pricing Spreadsheet.. (please – a work in progress)
Hi guys, many people have mailed as regards to more detail on options.. I am in the process of writing a pdf that will hopefully contain the key points re calls puts and covered options. All are very useful for particular market moments and should be a part of the arsenal of instruments we should …
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Markets
Asia recovered her composure overnight, didn’t quite provide a complete reversal of the prior day but on many markets, shanghi inc, price got close. (as the shanghi in a down trend this reversal isn’t too significant. Hangseng less impressive, 50% retrace). We said yesterday the price action was ‘in control’ and that the longs were …
Markets (catchup)
Markets So where are we here and now and where are likely to move to in the near term. Asia over night was weak. Singapore, HangSeng, Nikkei down over night. No particular fireworks although the Hangseng showed the best chance of producing fireworks particularly at the end of the session. I …
Oil Price Charts – Technical view
Below is purely a technical analysis of price. Geopolitical issues of which there are many around oil can and may at this time play havoc with the price action.. nonetheless this below is the represents the path of least resistance. Long term Beautiful up trending chart. In force the last few years. Price wants to …