by
prestonni
on
Jun 30, 2015 •
We are in the final stages of this 6 year bull market. Europe appears to have already set her highs. World indexes also appear to have topped out. The wild card is the US where the Fed continues to talk rising rates and pipeline ever improving data. The US$ is at her supports and on...
by
prestonni
on
Jun 24, 2015 •
Equities are bouncing off some key levels. Europe is seeing high volatility as speculators look to hedge euro weakness and the grexit issue comes and goes. Technically a corrective bounce aside unless we see a reversal in the multi month technicals we should see many indexes fail to achieve higher highs here to confirm a...
by
prestonni
on
Jun 17, 2015 •
Here below the latest update from the Swiss team and others: Wklytech-`6-6-15 And here Fitzpatrick: cb-tech-12-6-15 And here the stock tech analysis care of Ub.. ub-tech2-15-6-15 More to come Rich
by
prestonni
on
Jun 10, 2015 •
The bond markets are continuing to drive this weakness in risk asset markets here. Volatility is rising considerably across bond and equity markets though particularly in non US markets. The Sp500 and other US indexes still show as many technical signs of a continuation as opposed to any trend change move, for now. European markets...
by
prestonni
on
May 20, 2015 •
Euro asset markets have bounced off some key technical levels (especially euro equity indexes) which has been important to at least halt this recent weakness. US indexes like the dow and sp500 have made new record highs, albeit with low momentum thus far. Technical issues remain of course like breath divergences as well as lead...
by
prestonni
on
May 12, 2015 •
Volatility across asset markets continues to be the theme. The pull back in Europe has been deeper than most anticipated but the structure of the equity bull market remains unchanged, for now. Selectivity is the theme as the tired bull struggles on. The most dramatic change has been on the bond side with is certainly...
by
prestonni
on
May 6, 2015 •
2015 was always going to be a volatile year. US markets have stalled in terms of momentum and selectivity is rising but I agree with the Swiss team that, for now the bull trend is holding and certainly above 2077 sp500 the trend remains our friend and is higher. Europe’s sell off is entering an...
by
prestonni
on
Apr 22, 2015 •
Its time for another technical run through of the major asset markets. We have continued to chop up directionally across all asset classes here from equities to fx. We are looking for direction which is neatly reflected in the latest cftc report. Some profit taking and paring of positions but no trend changes, as yet....
by
prestonni
on
Mar 24, 2015 •
Volatility has continued with all asset markets continuing to show large movements again in the last week. Currency markets have traded very well with very clear price signals. For my own book its been an exceptionally strong week for FX and with euro equities remaining strong and the IBEX35 breaking out strongly. I going to...
by
prestonni
on
Mar 17, 2015 •
Its the time of the week for another technical run through the major world asset markets. As so often is the case much seems to rest on the decision of the world’s central bankers. The Eurusd is very extended and is affecting all asset markets. Nonetheless, it seems any manner of technical setup can be...
by
prestonni
on
Mar 11, 2015 •
I’m traveling again I’m afraid so i’m going to have to update this on the move. The sell off was well flagged technically so, at the least, hedges were the order of the day on the reversal bar from last Tuesday. For more aggressive price traders Thursday provided a weak bull response setting up the...
by
prestonni
on
Mar 4, 2015 •
Apologies team a lot to catch up on in terms price action and all the various technical indicators and sentiment. Let me start with the reports as there are a lot here to update with: Firstly the Swiss team’s latest: wklytech-03-3-15 SPX 2100 is broken. (As I update this end of day the break at...