Stock Index Weekly Market Type Analysis 20/07/2015

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 bull normal. Breakout to a new high turns us bullish. Look to buy.
  • US Russell 2000 – MT is bull normal. Continue to buy for now but with extreme caution.
  • UK 100 – MT is sideways volatile.  Our strategy last week to buy above the high on UK ane European Indices worked well. Near the bottom of a volatile range so careful longs now in play
  • Europe  50 - MT is sideways volatile. Wait for now but longs preferred.
  • Germany 30 - MT is sideways volatile. Close enough to the bottom of the range to look long.
  • France 40 - MT is sideways volatile. Wait for now but longs preferred.
  • Italy 40 - MT is sideways volatile. Wait for now but longs preferred.
  • Spain 35 - MT is sideways volatile. Wait for now but longs preferred.
  • Swiss 20 -  MT is sideways normal. Wait for now but longs preferred.
  • Netherlands 25 - MT is sideways volatile. Wait for now but longs preferred.
  • Japan 225 - MT is sideways volatile. Bullish weekly candle and strong fundamental trend suggest now is a decent buy.
  • Hong Kong 33 - MT is sideways extreme. Wait for now.
  • Singapore 30 - MT is sideways volatile. Go long as near the bottom of the range
  • Australia 200 - MT is sideways volatile. Longs ok here too.
  • Gold - MT is fast bear. Gold being crushed. Prefer shorts on the break-out. Careful in this fast market type.
  • Gold vs EURO - MT is fast bear. As above.
  • Silver – MT is bear normal. Silver also breaking out. Look short
  • Silver vs EURO - MT is sideways normal. as above
  • Copper - MT is bear normal. Last weeks long fail. Cancel and go short.
  • 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, with caution as the resolution (for the moment) of the Greek debt issue may change this trend.
  • 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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