Stock Index and Commodity Weekly Market Type Analysis 22/03/2015 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. Look for range trading opportunities. Prefer bullish trades. Fundamental catalyst this week on US markets is Yellen removing the word “patience” while still coming across dovish.
  • US S&P 500 - MT is sideways normal. Look for range trading opportunities. Prefer bullish trades.
  • US Nasdaq - MT is bull normal. Recovering from a pull-back. Look to buy.
  • US Russell 2000 – MT is bull normal. Look to buy.
  • UK 100 – MT is longer-term sideways. breaking out to a new high. Look to buy.
  • Europe  50 - MT is bull normal. Look to buy.
  • Germany 30 - MT is strong bull. Look to buy.
  • France 40 - MT is bull normal. Look to buy. Be careful. Fundamentally bearish on France. 
  • Italy 40 - MT is bull normal. Look to buy.
  • Spain 35 - MT is strong bull. Breaking out to a new high from a longer-term sideways market type. 
  • Swiss 20 -  MT is strong bull. Keep buying.
  • Netherlands 25 - MT is bull normal. Keep buying.
  • Japan 225 - MT is bull normal. Look to buy.
  • Honk Kong 33 - MT is sideways. Prefer to wait. 
  • Singapore 30 - MT is sideways. Again, prefer to wait.  
  • Australia 200 - MT is bull normal. Careful of a sideways market type forming.
  • Gold - MT is bear normal. Short-term showing strength and near bottom of range so stay out.
  • Gold vs EURO - MT is sideways Normal.
  • Silver – MT is possibly turning bull.
  • Silver vs EURO - MT is strong bull breaking out of a range.
  • Copper - MT is strong bull. Breaking out to new high. Careful longer-term market type is bear.
  • Brent Oil - MT is bear normal, possibly turning sideways. 
  • WTI Oil - MT is bear normal, but longer-term is sideways. Possible buying opportunity off support.
  • US 30 year Bonds - MT is strong bull.
  • US 10 year Bonds - MT is sideways but near top and looks bullish.
  • German 10 year Bonds - MT is bull normal.
  • UK 10 year Bonds – MT is bull normal.

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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