Weekly Technical Comments – “Near term, 1325 The Ultimate Trigger To Go Short”
by on Jul 17, 2012 •A very interesting report this week from the Swiss boys. This is all entirely consistent with low volume summer trading is my own view. How many times have we been here before? Too many is the answer. I wouldn’t chase any trends right now. The technical and fundamental emphasis remains to the downside unless meaningful...
Weekly Technical Comments “Euro Bearish”
by on Jul 10, 2012 •The Swiss team, on the money yet again. Im back in the office tomorrow so comments then. All the best RichWeekly10-07
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Weekly Technical Comments – “Use Strength to Sell”
by on Jul 3, 2012 •A facinating report from the Swiss Team this week. They are sticking to their guns that this rally is purely corrective and that July will produce much weakness in the major indexes. I must say, this sits quite nicely with the way i see things as well. SP500 rally to between 1370 to 1390 cash...
Weekly Technical Comments – “Risk Vunerable into July”
by on Jun 26, 2012 •A much wider report from the Swiss team this week. They cover more instruments inc gold, the US$ and equities. They are still looking for another leg down, at least in equities but likely all risk asset classes. They remain bullish thereafter especially on commodities. Here the report: Weekly26-06 They could well be right but...
Weekly Economic Indicator Review..
by on Jun 23, 2012 •Here the regular weekly economic indicator report by WF. WFWeeklyEconomicCommentary-220612 And something below, i found of interest.. student loan data. By hook or by crook money supply must grow in a fiat money system.And note this is now a world wide developed world trend. That is, health, education, heating, water costs that were traditionally...
Three Telling Technical Charts..
by on Jun 22, 2012 • First up the US$ index. Her up trend is clearly intact and has much room to run. “Operation Twist” is an attempt to flatten the yield curve, only. It has no net positive money supply implications. The Fed statement was therefore supportive of ‘risk off’ and repatriation of US$ which is should continue to...
Weekly Technical Comments – Repeat “Do Not Chase The Market”
by on Jun 19, 2012 •The Swiss team once again repeating the ‘don’t chase this rally’ line. The technical weakness remains with more issues than not below their 200 day mas. Only the US mega caps are holding thee indexes up and these are looking weak especially when we see renewed US$ strength again. On the upside this rally could...
Weekly Technical Comments – “Don’t Chase The Market”
by on Jun 12, 2012 •The Swiss team make their weekly technical comments below. The rebound has finally come recording the largest weekly gain for a year in many indexes. The bad news is they don’t see the recent lows as the tactical bottom. They are still targeting 1250 in the near term (by end of july) with 1358 (sp500)...
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Weekly Technical Comments – No Deflationary Meltdown
by on Jun 5, 2012 •Here the Swiss team’s weekly technical comments. They are expecting a large inter governmental qe3 event but weakness may extent into the fall of 2012 before a new significant bull leg in equities takes hold. They therefore discount, for now, the deflationary melt down scenario that some are pointing to. They do point out that...
Market Musings – Inflection Point For Risk On/Risk Off
by on Jun 5, 2012 •Ahead of the Swiss team’s technical briefing some of my own thoughts here.. We are in a very difficult area of the trading chart here. Technically we remain massively oversold but with the bounces being very poorly supported long attempts have been beaten back and you are lucky to score positively on playing the “bounce”. ...
Weekly Technical Comments – “Oversold Bounce Only”
by on May 29, 2012 •Apologies for the delay in posting this week’s technical comments. The Swiss team stick to their call of last week that equity markets are deeply oversold and therefore a bounce should continue this week before more weakness resumes through June. They recommend selling SP500 levels around 1340 to 1350. Today cash reached 1335 so we...
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Weekly Technical Comments – “5 to 10 Session Bounce A Selling Opportunity”
by on May 22, 2012 •The Swiss team confirm the near term capitulation that we saw last week. They expect a bounce here lasting between 5 and 10 sessions. They recommend selling strength with S&P 1250 and even 1210 as cyclical targets. Its hard to disagree with their analysis on this occassion. Greek elections marked for the 17th June and...