Here is the last weekly analysis.
Market Overview
The volatility is still high [left]. Previously it seemed turning down but now it bounced back up. The capital market isn't becoming worse which is promising [right:TED spread].
The following chart shows the MSCI World index, MSCI EAFE index, MSCI Emerging Market, Shanghai Stock Exchange Composite Index, Hang Seng Index, and Nikkei 225 index. Note that: mainland China market is approaching the MA50; we have seen the first higher high in November.
Major indices, commodities, and US dollar are shown in the following chart. Nothing interesting.
Sector overview chart: another boring chart... hopefully it's a bottoming pattern.
Glance of major indices and bullish percent:
Wave counting
SPX: [left] overview of waves; [right] close up. Wave are in wave iv of wave 3, I believe. Upside target: 970-1000.
SKF: shorting. Read yesterday's chart. The signal has been confirmed.
Forex
USD/CAD: no update.
USD/SGD: no update.
USD/JPY: no update to the long term chart. There should be a big move soon.
USD/EUR: correction is coming.
Commodities
Gold: big picture is still the same. No update.
Crude oil: reached the target on the weekly chart, however it has not reversed yet.
Matthew's charts
VIX long term chart:
INDU - weekly long term: no update.
INDU Weekly close up: no update.
Dow daily TRIX: still mid-term buy signal.
SPX LT Stochastics: no update.
S&P 500 Projection: no update.
S&P500 trend chart: no update.
SPX daily TRIX:signal is the same.
NASI 1 year: mid-term buy signal but overbought.
$CRX - Commoditiy Related Equity Index: wait for STO.
SSO system: still long.
SDS system: still short.
No comments:
Post a Comment