Stock Index Weekly Market Type Analysis 12/07/2015

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 sideways normal. Wait for now
  • US Nasdaq - MT is sideways normal. The double top mentioned previously has lead to further losses. Continue to look short.
  • US Russell 2000 – MT is bull normal. Continue to buy for now but with extreme caution.
  • UK 100 – MT is bear volatile.  Large bullish engulfing week last week so stay out for now. Normally this would be a buy but things are not looking good in talks with Greece this weekend. Need to wait and see how the market responds on Monday. A breakout and daily close  above the high of the week will signal a buy.
  • Europe  50 - MT is bull volatile. Same as with UK above.
  • Germany 30 - MT is bull volatile. Same as with UK above.
  • France 40 - MT is bull volatile. Same as with UK above.
  • Italy 40 - MT is bull volatile. Same as with UK above.
  • Spain 35 - MT is bull volatile. Same as with UK above.
  • Swiss 20 -  MT is bull volatile. Same as with UK above.
  • Netherlands 25 - MT is bull volatile. Same as with UK above.
  • Japan 225 - MT is sideways volatile. Same as with UK above.
  • Hong Kong 33 - MT is sideways volatile. Wait for now.
  • Singapore 30 - MT is just sideways volatile. Wait for now.
  • Australia 200 - MT is bear normal. Look short.
  • Gold - MT is sideways normal. Wait.
  • Gold vs EURO - MT is sideways normal. Wait.
  • Silver – MT is sideways normal. We have a bullish pin candle signalling an entry in this market type. Look to buy.
  • Silver vs EURO - MT is sideways normal. Wait.
  • Copper - MT is sideways volatile. We have a long entry here, but with caution at this point because of Greek news.
  • Brent Oil - MT is bear normal. Go short.
  • WTI Oil - MT is bear normal. Go short.
  • US 30 year Bonds - MT is sideways volatile. Volatile market so stay out.
  • US 10 year Bonds - MT is sideways volatile. Volatile market so stay out.
  • German 10 year Bonds - MT is bear normal. Look to sell.
  • UK 10 year Bonds – MT is bear normal. Look to sell.

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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