by
prestonni
on
Jun 5, 2012 •
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...
by
prestonni
on
May 22, 2012 •
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...
by
prestonni
on
May 8, 2012 •
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...
by
prestonni
on
Apr 24, 2012 •
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...
by
prestonni
on
Apr 13, 2012 •
A wide ranging and therefore good report from WF today from their weekly international economic commentary. I therefore post it up for weekend reading. The quick summary, the data appears to be softening from Bejing to New York to London. I’m starting to get that all too familiar feeling of “deja vu” here and now....
by
prestonni
on
Apr 4, 2012 •
The Swiss team unsurprisingly maintain their bearish short and medium term views. They expect a pro commodity pro risk rally in the aud and some commodities short term but sight this as only an opportunity to sell. The Eurostoxx50 looks very weak as well as the Shanghai and Audusd and many commodities. Here the report....
by
prestonni
on
Mar 27, 2012 •
The Swiss team haven’t changed their minds. They see yesterday’s new highs as a wave 5 of this trend. They still favour a near term pull back sighting the weakness in the cyclical material, industrial and transport stocks as evidence. We can see this recent rally has not carried miners or industrials with it. Other...
by
prestonni
on
Mar 7, 2012 •
Im out of the may silvers i added a few weeks ago at 33.26. 33.26 is about where i entered a few weeks ago. I made some money on the day of the take down so overall im up but the whole experience has certainly left a bitter taste in the mouth. And so, here...
by
prestonni
on
Mar 1, 2012 •
Yesterday those involved in the silver futures markets were witness to one of the greatest market manipulations of recent years. There have been so many different market manipulations that it takes some doing to claim this accolade. At just before 10am US Est some participants started dumping paper silver on to the US futures market....
by
prestonni
on
Feb 28, 2012 •
Weekly28-02 ‘it’s too late to buy but too early to sell or short the market’. Sums it up!
by
prestonni
on
Feb 25, 2012 •
We remain a little overbought here but equities have rotated and worked off a little of the over bought momentum. Here the main SP500 index: We have come a long very quickly so logic tells you a correction should occur here. We (inc many commentators) have been expecting a minor pull back for the last...
by
prestonni
on
Feb 24, 2012 •
Ok, this week im going to cheat just a little by providing four charts.. The effect of providing four charts hints at my narrative behind the four but we are all grown ups here. I’ll leave you to draw your own conclusions as to what is occuring here. Rich