Stock Index Weekly Market Type Analysis 2 May 2016

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 volatile. We are at the top of a sideways MT. No reversal as yet, so wait for either a reversal or breakout before taking action.
  • US S&P 500 – MT is sideways volatile. As above.
  • US Nasdaq – MT is sideways volatile. As above.
  • US Russell 2000 – MT is bear volatile. Wait.
  • UK 100 – MT is sideways normal. Evening star pattern near top of range suggests sell.
  • Europe 50 – MT is sideways normal. Bearish engulfing off resistance suggests sell.
  • Germany 30 – MT is sideways volatile. Wait.
  • France 40 – MT is sideways volatile. Bearish engulfing off resistance suggests sell.
  • Italy 40 – MT is bear normal. Continue short.
  • Spain 35 – MT is sideways normal. Wait.
  • Swiss 30 –  MT is sideways normal. Wait.
  • Netherlands 25 –  MT is sideways volatile. Pin candle at top of sideways volatile, go short.
  • Japan 225 – MT is sideways volatile. Wait, but shorts preferred based on lower timeframe analysis.
  • Hong Kong 33 – MT is bear volatile. Tweezer top suggests tentative sell.
  • China Class A Shares – MT is bear normal. Continue short, but with caution as we could be turning sideways.
  • Singapore 30 – MT is bear volatile. Bearish engulfing off resistance suggests sell in this market type.
  • Australia 200 – MT is sideways normal. Wait.
  • New Zealand 50 – MT is bull fast. Continue to buy but careful of a sudden reversal in this market type. Showing some initial signs of topping so keep stops tight.
  • Canada 60 – MT is sideways volatile. Wait.
  • Emerging Markets – MT is bear volatile. Weak pin candle in sideways volatile. Tentative shorts.
  • Gold – MT is bull normal. Continue to buy.
  • Gold vs EURO – MT is bull normal. Continue to buy.
  • Silver – MT is bull normal.  Continue to buy.
  • Silver vs EURO – MT is bull normal.  Continue to buy.
  • Copper – MT is sideways normal. Wait.
  • Iron Ore – MT is bull normal. Continue to buy.
  • Platinum – MT is bull normal. Continue to buy.
  • Palladium – MT is sideways normal. Wait.
  • Bitcoin – MT is sideways quiet. Wait.
  • Brent Oil – MT is bull normal. Look to buy.
  • WTI Oil – MT is bull normal. Look to buy.
  • Natural Gas – MT is bull normal. Continue to buy.
  • Corn – MT is bull normal. Breaking out of sideways quiet, look to buy. The hammer suggests caution so prefer not to scale-in.
  • Sugar – MT is sideways volatile.  Wait for now.
  • Soy Bean – MT is bull fast. Continue to buy.
  • Wheat – MT is sideways normal. Wait.
  • Cocoa – MT is sideways volatile. Wait.
  • US T-Bond – MT is bull normal. Continue to buy, but with caution as we are turning sideways.
  • Euro Bund – MT is bull normal. Continue to buy, but with caution as we are turning sideways.
  • UK GILTS – MT is sideways volatile. Wait.
  • Junk bonds – MT is bear volatile. Wait.
  • GBPUSD –  MT is sideways normal. Wait.
  • USDJPY – MT is bear normal. Continue short.
  • AUDUSD – MT is bull normal. Continue to buy.
  • EURUSD – MT is sideways normal. Wait.
  • NZDUSD – MT is sideways normal. Wait.
  • USDCHF – MT is bear normal. Bearish engulfing suggest sell.
  • USDCAD – MT is bear normal. Continue short.
  • EURGBP – MT is bull volatile. Wait.

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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