Monthly archive May, 2013
by
prestonni
on
May 29, 2013 •
The Swiss team put in a solid report below. Across multiple instruments and markets we have choppy conditions that signify distribution rather than meaningful tops and bottoms for the moment. “Again, there is no top without distribution and/or a top formation, and as the May 22nd top was a high momentum top, we have neither...
by
prestonni
on
May 22, 2013 •
The Swiss team have re-grouped and come back fighting. They didn’t get the pull back their models suggested. It has taken a month or so for them to really digest/accept this and re-set. We all learn by the rod here that you can’t get stubborn on these things. We are all paid on price and...
by
prestonni
on
May 14, 2013 •
We have for several weeks discussed, on the forum pages as well as editor comments, that the technical report produced by our Swiss colleagues had got their near term calls wrong. That, instead, the US equity markets displayed more technical strength than they had accounted for but this didn’t sit neatly with their cyclical model. ...
by
prestonni
on
May 7, 2013 •
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...