An excellent report from the Swiss team. They correctly, in my opinion, highlight the consequences of the near term price supports giving way.

“A daily close below 1395 (stop loss for tactical longs) would be, at least on the short-term basis, a game changer, suggesting more weakness into mid-November towards 1378/1370”.

There remain lots of positives for this bull market to get another leg up including the various banking sector indexes. The various cyclical indexes and the continued lack of bullishness amongst market participants.

Friday’s smash on the precious metals looks to have been a “bear raid” and appears to have already reversed.

We are in US election week so we can expect a continuation of this volatility. For active traders and investors this is producing a lot of work as we have to reverse and reverse again positions, sector exposures and fx positions according to the tape. 95% of investing is research and sitting. Occasionally we have to be more active and this appears to be one of those moments.

Without any more delay here the report.

http://www.capitalsynthesis.tech/wp-content/uploads/2012/reports/Weekly06-11.html

(Once again the file is in a flash format so viewing with a mobile device may not be possible).

All the best

Rich

 

 

 

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