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Week Ahead Tech Comments – “Bullish Bullion, Bearish GBP”
by on Jul 15, 2013 •A new trading week awaits us with some key equity index levels as well as fx levels fast approaching. First up a very useful report from citi. They are bullish for this week on the bullion, WTI, and bearish the GBP. On WTI if price breaks the 110 level 145 will come into play. This...
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Weekly Technical Comments – “Short Term, Sell into Strength, Medium Term, Weekly S&P Sell Signal Triggered”.
by on Jul 9, 2013 •As expected, we have seen a decent bounce from the report two weeks ago but no key levels have been broken here. The bounce has been swift but narrow with a new higher high in very few sectors though inc US finance, ( US Oil & Gas is very close) and in Europe only travel...
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Weekly Multi Market Technical Comments – “Set Up For The Deflationary Trade”
by on Jun 25, 2013 •The latest report from the Swiss team is about as bearish a report as I have read for some time. The final top call for the last remaining bull equity market is in place, according to the team ie the SP500 top is in place. The Asian markets are in melt down. European markets topped...
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Weekly Technical Comments – “Too late to buy but also too early to sell, on a broader base”.
by on Jun 19, 2013 •Its been a couple of weeks since posting here due to holidays. Therefore its a double bill set of reports from the Swiss team as follows. First up for the Swiss team we must say congratulations as they have again won this year’s Extel survey as best European technical report. Congratulations to the guys. Compared...
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Weekly Technical Comments – “Corrective Trading Low This Week – Rally To Restest Highs “
by on Jun 5, 2013 •Here without more delay the Swiss team’s latest outstanding tech report. I’m under time pressure here so a review of this briefing tomorrow afternoon. I can say briefly that their report re-confirms my own independent tech analysis here and now. The HGX & lumber tops are important and part of the evidence that this ‘recovery’...
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Sunday Reflection & Analysis Of The Near Term Equity Bear Technical Case..
by on Jun 2, 2013 •Hey Guys, I trust you are all having a hugely productive and or relaxing Sunday. Volatility has been stepping up across asset markets in the last few weeks. From fixed income to equities to commodities volatility is increasing here so its correct to take a step back and double check where we are. Its the...
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Weekly Technical Comments – “S&P500 Consolidating but Final Top Still Missing”
by 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...
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Weekly Technical Comments – “Materials Breakout & Buy Bullion in next 5 to 10 Trading Sessions”
by 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...
Weekly Technical Comments – “SPX Overshooting 1610, Cyclicals Outperforming”
by 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...
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Weekly Technical Comments – “Bounce Stronger Than Expected But Distributive”
by on Apr 30, 2013 •Ok, the Swiss team’s latest insightful technical comments below. As a summary they are sticking to their call that this remains distributive. A key plank of their argument is that until we get a rotation into cyclicals and away from defensives the theme remains distribution. This is a classic analysis and is historically correct. Cyclicals...
Macro Economic Update – “Another Spring Another Slow Down”
by on Apr 26, 2013 •I attach the WF economic update below. We have growth with the US GDP coming in at 2.5% today for Q1, below consensus but in a world awash with slow, or negative – Europe, growth a positive reading is something at least. German pmi came in weak again and the UK managed to score a...
Bullion Weekly Technical Comments – “Near term rebound in speculative positioning”
by on Apr 24, 2013 •No report this week from Commerz so i’ve posted up GS’s latest take on the bullion. In summary, they are long and medium term bearish on the asset class. They sight rising interest rates, low inflation and an improving US fiscal picture to cap any short term bounces in the bullion. Near term they are...