by
prestonni
on
Mar 13, 2012 •
The Swiss team are where they were essentially. They have revised up their near term S&P target but remain very cautious on the rally and advise not chasing. They maintain an end of Q1, early Q2 top followed by a resumption of the cyclical bear. “From a cyclical perspective, May to July should be weak...
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 7, 2012 •
The Swiss team sight the ‘momentum of the January bull leg is unsustainable. They also point out that, ‘a classic price top is still missing in any one of the major indexes’ so too early for selling or shorting. They believe any kind of near-term weakness as the beginning of a top building process that...
by
prestonni
on
Feb 5, 2012 •
Here we see the Dow cash which on Friday met her prior high set April 2011.. Its not a breakout yet on the dow cash but its very close now.. The wider S&P500 isn’t performing as well as the DOW for obvious reasons.. ie that large multinational cos are greatly prefered at present due to...
by
prestonni
on
Jan 31, 2012 •
The Swiss team continue to look for a shallow pull back in the major equity indexs. They are looking for a sector rotation from high beta stocks (ie copper miners) into low beta/defensive stock like utilities. They show a chart pattern of a potential utility breakout here and now. Also of note, having correctly turned...
by
prestonni
on
Jan 24, 2012 •
The Swiss team have changed their stance a little. The recent strength providing evidence that the pull back, when it comes, will be shallow and not severe. From their technical perspective, they judge, this move will likely therefore run to the end of March or early April and score a higher high across the broad...
by
prestonni
on
Jan 17, 2012 •
The Swiss team continuing to be bearish. In boiling down the reasons for their view they sight three main reasons. Bearish divergence for the McClellan, AAII bullish sentiment survey and the OSX put call ratio at extremes. They use some sector rotation signals to re-call an interim mtop here for the spx etc. I’m where...
by
prestonni
on
Jan 13, 2012 •
We have many instruments at resistances or supports.. We have had an excellent run and the loan data is coming through more positively for both the US and China. The YM or dow futures having enjoyed a near 20% run up from the Oct lows looking like she needs a breather if merely just to...
by
prestonni
on
Jan 10, 2012 •
The Swiss team maintain their bearish stance. They are ignoring all the fundamental news re debt growth etc. Purely from the technicals they are calling a near term top. SP500 futures currently at 1290 so getting very close to their sell level. Techweekly10-01-12 As we sit here today it looks a bold call having many...
by
prestonni
on
Jan 9, 2012 •
As attached from MS.. I have to say up front that disagree with the basic premise that stimulus is coming to an end. We have negative interest rates and imo these will widen as inflation rises. Direct QE may not be needed should credit growth expand as the fed, boe, ecb desire but on any...
by
prestonni
on
Jan 6, 2012 •
Apologies for how overdue this document is.. precious precious time is always the problem.. and the older i get the more i realize just how precious it is.. Wrinkles are appearing where there were none before and this has encouraged me to be more careful with my investment of this precious resource. So i hope...