by
prestonni
on
May 24, 2017 •
Guys, we remain firmly inside this wave five and i do hope all are enjoying the ride here. I read this week Merrill Lynch Global Research are calling this wave five likely to become a “speculative mania” across all risk assets. “The longer it takes central banks to tighten, the greater the risk of a...
by
prestonni
on
May 19, 2017 •
A week of significantly increased volatility with potentially a break of a key tactical supports for US (SPX 2380) and European equity indexes. Conversely a strong breakout for the euro with Aud, gold, oil and copper seeing decent bounces. The euro potentially resuming her cyclical uptrend vs the gbp. Lets cut to the analysis from...
by
prestonni
on
May 10, 2017 •
Another week roles by with more pain on the commodity side and more juice on the equity side with a new breakout in several Asian indexes playing the mean reversion catch up, though a long way to run to close the gap. Unfortunately i’m on a boat in the Ocean traveling and so I post...
by
prestonni
on
May 3, 2017 •
A bullish note from the guys again this week for US and European equity risk markets with a focus on the cyclicals and rotation back away from defensives. Given the impressive recent breadth its all very reasonable technical comment in my opinion also. Worthy of more comment is the commodity space. Commodities bottomed well in...
by
prestonni
on
Apr 26, 2017 •
Risk markets have surged upward and this bull starts yet another strong continuation upwards. Some might use the word parabolic to explain this recent price action. FX remains a little complicated for the moment. Bullion has fallen due to risk on but as risk on implies reflation (tip remains elevated) the gold move technical tactical...
by
prestonni
on
Apr 21, 2017 •
Another week rolls by so quickly. Global asset markets have seen more weakness over the last week with much lower levels for cyclical commodity themes and a bounce off January lows for many eg copper and a breakdown for iron ore prices in spite of a pull back for the US$ basket. Breakdown (likely false...
by
prestonni
on
Apr 13, 2017 •
An ominous title this week from the guys which i pick up on below and in my mind is centered around Europe once again. Markets wise, another week rolls by with the guys clearly getting this equity mild retrace correct, so far. The risk on bullish bigger picture remains as was so we should be...
by
prestonni
on
Apr 6, 2017 •
Hi guys, we have this continuation of tactical weakness in risk here as the fast moves from earlier in the year continue to be digested. There is nothing as yet in my tech book to see this as anything more than a consolidation of the prior moves. The US$ remains unresolved though more evidence is...
by
prestonni
on
Mar 30, 2017 •
A little more volatility in asset markets coming through as US equities struggle for direction on the near term with continued weakness on lead cyclical indexes like the Russel, Transports & Financials. Key resistances are holding for the moment, although the Nasdaq just about scoring a marginal new high by a point or so. If...
by
prestonni
on
Mar 23, 2017 •
Hi guys, all eyes at present are on the US dollar for signals of a top here as this such a meaningful asset for all risk markets and global liquidity. Needless to explain the long term inverse to prices of the commodities asset class is crucial. That said with the commodity prices providing a significant...
by
prestonni
on
Mar 16, 2017 •
Its been a fast and furious last few days with a major reversal signal in the US$ as well as a new momentum bullish moves across many commodities, their miners (COPX GDX etc) as well as new reaction highs in several cyclical indexes like Tech (QQQ) and Home builders (HGX). With both their breadth remaining...
by
prestonni
on
Mar 9, 2017 •
Welcome back everyone. We have an outstanding new update from the guys and it comes at a time of a few different cross winds occurring here in asset markets. Whilst the reflation trade is still evident across equity markets the themes of a stronger US$ alongside rising interest rates is damping commodities here following their...