Stock Index and Commodity Weekly Market Type Analysis 03/05/2015 by Sam Eder

Each week I review the current market type and fundamental considerations on a variety of stock and commodity indices. Market type analysis is critical to trade planning.  

MT = Market Type ( See lesson 8 in the Share Investing Course for Smart People)

  • US Dow Jones – MT is sideways normal. Wait for now
  • US S&P 500 - MT is bull normal. Continue to buy.
  • US Nasdaq - MT is bull normal. Continue to buy.
  • US Russell 2000 – MT is bull normal. Continue to buy.
  • UK 100 – MT is bull normal.  Look to buy.
  • Europe  50 - MT is bull normal. Watch for a bullish reversal on the daily charts as an opportunity to buy the dip in a bull normal MT.
  • Germany 30 - MT is bull normal. As above wait for signs of bottoming. Be cause as the market is coming off quite hard at the moment.
  • France 40 - MT is bull normal. Large bearish engulfing candle suggests taking some profits here.
  • Italy 40 - MT is bull normal. Be wary of short-term weakness and look for reversals to signal buy opportunities.
  • Spain 35 - MT is bull normal. Be wary of short-term weakness and look for reversals to signal buy opportunities.
  • Swiss 20 -  MT is bull normal. Shifting from strong bull to bull normal. Take profits.
  • Netherlands 25 - MT is bull normal. Selling off hard. Take profits.
  • Japan 225 - MT is strong bull. Hold.
  • Honk Kong 33 - MT is fast bull. Keep stops tight.
  • Singapore 30 - MT is just bull normal. Hold.
  • Australia 200 - MT is sideways normal. Look for buying opportunities at the bottom of the range.
  • Gold - MT is sideways normal. Signals turning bearish.
  • Gold vs EURO - MT is sideways normal. Look to buy off the bottom edge of the range
  • Silver – MT is sideways normal. Also turning bearish.
  • Silver vs EURO - MT is sideways normal. Wait
  • Copper - MT is bear volatile. Could be reversing to bullish. Watch carefully
  • Brent Oil - MT is bear volatile. Shorter term signals bullish.
  • WTI Oil - MT is bear volatile. As above, short-term signals are bullish, and a double bottom is now in place. Fundamentally I suspect we have not seen the low in oil. But we are a buy for now.
  • US 30 year Bonds - MT is bull normal. Look for reversal patterns to indicate a buy.
  • US 10 year Bonds - MT is sideways volatile. Wait.
  • German 10 year Bonds - MT is strong bull. Another bearish candle last week, wait for now, look for short-term bullish patterns to buy the dip.
  • UK 10 year Bonds – MT is volatile bull turning sideways bull. Prefer to wait now.

About the Author

Sam Eder is the author of the Share Investing Course for Smart People. He is the founder and head trader at market beating stock investing service SpoonFed Investor. If you like his writing you can subscribe to his newsletter.

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