Stock Index and Commodity Weekly Market Type Analysis 29/03/2015 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.  

Note: This week I am taking the market type off a longer-term time frame.

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 with lower conviction.
  • US S&P 500 - MT is sideways normal. Look for range trading opportunities. Prefer bullish trades with lower conviction.
  • 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 but potentially breaking out. Trade to the long side with caution.
  • Europe  50 - MT is strong bull. Changing from a fast bull. Look to take small profits.
  • Germany 30 - MT is strong bull. Changing from a fast bull. Look to take small profits.
  • France 40 - MT is strong bull. Hold. Be careful – Fundamentally bearish on France. 
  • Italy 40 - MT is strong bull. Changing from a fast bull. Look to take small profits.
  • Spain 35 - MT is strong bull. Breaking out to a new high. Hold.
  • Swiss 20 -  MT is sideways volatile. Careful of a reversal to the short side at this point in time.
  • Netherlands 25 - MT is strong bull. Changing from a fast bull. Look to take small profits.
  • Japan 225 - MT is strong bull. Changing from a fast bull. Look to take small profits.
  • Honk Kong 33 - MT is normal sideways. Prefer to wait. 
  • Singapore 30 - MT is normal sideways. Again, prefer to wait.  
  • Australia 200 - MT is bull normal. Look for buying opportunities, but careful of the double top that is forming.
  • Gold - MT is sideways normal. Stay out.
  • Gold vs EURO - MT is bull normal. Look to buy.
  • Silver – MT is sideways normal. Stay out.
  • Silver vs EURO - MT is just a normal bull ( from sideways volatile). Long with caution.
  • Copper - MT is bear volatile. Big pin candle on the weekly chart giving a sell signal in this MT.
  • Brent Oil - MT is bear volatile. Prefer to stay out.
  • WTI Oil - MT is bear normal. Prefer to stay out as double bottom has formed.
  • US 30 year Bonds - MT is bull normal and almost bull volatile. Stay out but watch for a short opportunity off resistance.
  • US 10 year Bonds - MT is bull normal and almost bull volatile. Prefer to wait.
  • German 10 year Bonds - MT is strong bull. Hold.
  • UK 10 year Bonds – MT is bull normal. Look for buying opportunities.

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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