Stock Index and Commodity Weekly Market Type Analysis 26/04/2015 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. Making new highs look to buy
  • US Nasdaq – MT is bull normal. 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. Bearish reversal week signaling an end to the strong bull. Take some profits here. Continue to watch for a bullish reversal on the daily charts this coming week 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.
  • France 40 – MT is still strong bull. continue to hold.
  • Italy 40 – MT is normal bull. Getting some short-term buy signals.
  • Spain 35 – MT is normal bull. Also some short-term buy signals.
  • Swiss 20 –  MT is strong bull. Holding on to the strong bull for now but momentum slowed last week.
  • Netherlands 25 – MT is strong bull. Hold
  • Japan 225 – MT is strong bull. Hold.
  • Honk Kong 33 – MT is fast bull. Fast bull resuming!
  • Singapore 30 – MT is just bull normal. Hold.
  • Australia 200 – MT is sideways normal. Waiting but very bullish candle on Friday.
  • Gold – MT is sideways normal. Signals turning bearish.
  • Gold vs EURO – MT is bull normal. Look to buy.
  • Silver – MT is sideways normal. Also turning bearish.
  • Silver vs EURO – MT is sideways normal. Wait
  • Copper – MT is bear volatile. Still prefer shorts.
  • 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 trade what is in-front of you.
  • US 30 year Bonds – MT is normal bull. Hold.
  • US 10 year Bonds – MT is sideways volatile. Wait.
  • German 10 year Bonds – MT is strong bull. Bearish candle last week (possibly due to comments by Bill Gross??), but look 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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