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 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...
by
prestonni
on
Jun 1, 2014 •
First up I wish i could be more certain of near term direction here. Issues such as market breadth are very inconclusive. Lets run through it. The bulls can point to the sp500 and % stocks above their 200 dmas as maintaining a solid bullish continuation of this 6th year of this bull market. Certainly...
by
prestonni
on
May 31, 2014 •
I hope all are having a productive and or relaxing weekend. Personally I’m still playing catch up on cyclical and secular trends across asset markets here, digesting the recent price action and its implications. Lets start with some macro reports here: wf-macrowkly-30-5-14 Here a useful macro equity view fro ML ml-macroequity Here the usual useful...
by
prestonni
on
May 28, 2014 •
2014 has thus far been pretty disappointing if you played for a bullish continuation from 2013. Most sectors and intra indexes have struggled. Following on from the last 2 weeks more positive price action the Dow Jones is back to her 2014 opening price. The Nasdaq, as of yesterday, scrapped just above her 2014 open...
by
prestonni
on
May 25, 2014 •
The professionals remain very divided on where we are here. Some US equity markets reach new highs whilst others are technically struggling. The commodities remain an answered question for now with Fitzpatrick below providing a timely update on the inflation question. First up here AG sticking to their bearish “guns”. AG-tech-24-5-14 And here GS with...
by
prestonni
on
May 22, 2014 •
I’m still playing catch up here but the quick view from yesterday on the forum “markets” pages wasn’t a bad summary, for those that caught that. Here the swiss team’s latest report: wklytech-20-5-14 Here an excellent chart pack from cs cs-techcharts-17-5-14 Here GS GS-mmwkly-17-5-14 Here MS FX MS-FXwkly-16-5-14 “We believe the stage is set for...
by
prestonni
on
May 6, 2014 •
I’ve finished my travels for now so I’m able to make some more pertinent comments on this market and bring you the usual Tuesday analysis a day late. The Swiss team forecast a near term weakness possible until end may. This is on the basis of momentum divergence and weak internals. They don’t forecast anything...