by
prestonni
on
Aug 12, 2014 •
August is traditionally a go slow month with most market professionals taking time out for their vacation. Nonetheless its usual to see price volatility step up even if volumes step down. Its enticing to imagine these price moves are very trade-able but all to often they are not as they are algo driven and usual...
by
prestonni
on
Aug 5, 2014 •
I’m floating around some small islands off Ibiza in the Baleric Islands at present. Thanks to mobile wifi coverage im bringing you this from well off shore. Finally the technical weakness we have witnessed for the last few months appears to breaking down these various equity indexes. As soon as i have a better wifi...
by
prestonni
on
Jul 29, 2014 •
Summer is usually a period for low volume false moves trapping those late to the trade in to loss making positions. Price is usually a poorer indicator at times when market participants thin through the hot summer months. With this in mind lets turn to some price tech reports before switching to the wider Swiss...
by
prestonni
on
Jul 24, 2014 •
The Swiss team’s latest update below. Some very narrow specific indexes and stocks in particular are still on fire to the upside. Apple, Facebook and others remain very desired stocks but the selectivity continues. Here sp500 And here the sp600 small caps.. The put call ratio remains at close to record lows. Here the swiss...
by
prestonni
on
Jul 8, 2014 •
Its time for the usual Swiss team’s technical report and comments. Before we do so lets be clear that there are an increasing amount of technical problems here even as these indexes make new all time highs. Here the 4 major US indexes (charting nas100 rather than nasdaq itself). The situation on the nasdaq100...
by
prestonni
on
Jul 2, 2014 •
Its that time of the week again for the Swiss team’s usual technical run through. What is evident across the technical community is that almost all technical commentators starting to forecast weakness across equity markets. The Swiss team remain fairly bullish on the medium term but are forecasting a near term set back. AG...
by
prestonni
on
Jun 24, 2014 •
Its Tuesday so time for the Swiss team’s regular technical weekly analysis of the major asset markets. Market breadth improved on last week’s breakout but on a longer term basis remains weak. Sentiment has been reaching extreme levels on the AAII and the put call ratio. Whilst a few weeks ago there did appear a...
by
prestonni
on
Jun 18, 2014 •
I’m traveling so I must cut short this post. In summary we still have sufficient technical pillars of strength that this market can press on a little more but the “wheels” are starting to fall off this bull market one by one as a greater number of indexes failed to confirm the recent US major...
by
prestonni
on
Jun 16, 2014 •
Apologies for the slight delay in posting my Sunday reflections. Please find them below. Since the last breakout its been a time of number crunching and questioning this most recent rally. Below is my analysis. But first some reports. First up the uber bearish AG ag-wklytech-16-6-14 And here the equally uber bullish fitzpatrick: citi-wklyytech-16-6-14 And...
by
prestonni
on
Jun 11, 2014 •
Swiss holidays yesterday so this week’s technical run through has been delayed slightly. Price has pushed on from last week’s report and as a consequence some of the technical readings, according to the team are rapidly moving into a contrarian territory which is starting to signal we are moving into the zone of the medium...
by
prestonni
on
Jun 9, 2014 •
We had some very promising price signals last week and the promising market breadth then resulted in a Thursday session breakout for most the key sectors. The Nik225 joined the move and the bull market started to move forward once again. In spite of some key technical signals that participants had started to allocated long...
by
prestonni
on
Jun 4, 2014 •
The Swiss team have reported and they have provided a near term toppish recommendation on the lead sp500 index. The rational is a combo of: 1) over bought momentum. Correct for the lead indexes like dow transports, health and semis although many other indexes remain with low rsi’s and relatively unloved. It is very poor...