Stock Index Weekly Market Type Analysis 23 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)

  • Dow Jones – MT is sideways volatile. We are at the top of a sideways MT. Starting to reverse look short.
  • US S&P 500 – MT is sideways volatile. As above.
  • US Nasdaq – MT is sideways volatile. Mid-range so wait.
  • US Russell 2000 – MT is sideways volatile. Continue short.
  • UK 100 – MT is sideways normal. Continue short.
  • Europe 50 – MT is sideways normal. Mid-range so wait.
  • Germany 30 – MT is sideways normal. Mid-range so wait.
  • France 40 – MT is sideways volatile. Continue short.
  • Italy 40 – MT is sideways normal. Mid-range so wait.
  • Spain 35 – MT is sideways normal. Wait.
  • Swiss 30 –  MT is sideways normal. Wait.
  • Netherlands 25 –  MT is sideways volatile. Continue short.
  • Japan 225 – MT is sideways normal. Wait.
  • Hong Kong 33 – MT is sideways normal. Continue short but with caution.
  • China Class A Shares – MT is sideways normal. Continue short but with caution.
  • Singapore 30 – MT is sideways volatile. Continue short.
  • Australia 200 – MT is sideways normal. Wait, but look for shorting opportunities off the top of the range.
  • New Zealand 50 – MT is bull normal. Buy but with a lot of caution. Watch out for a sell off from these levels.
  • Canada 60 – MT is sideways volatile. Wait.
  • Emerging Markets – MT is bear volatile. Continue short.
  • 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 volatile. Minor topping pattern is in place. Wait.
  • 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. Continue to buy.
  • WTI Oil – MT is bull normal. Continue to buy.
  • Natural Gas – MT is bull normal. Continue to buy, but careful of bearish engulfing.
  • Corn – MT is sideways normal. Wait for now or a buy for aggressive traders as possibly turning bull normal.
  • Sugar – MT is bull normal. Buy.
  • 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 sideways normal. Wait.
  • Euro Bund – MT is sideways normal. Wait.
  • UK GILTS – MT is sideways volatile. Wait.
  • Junk bonds – MT is sideways volatile. Wait.
  • GBPUSD –  MT is sideways normal. Wait.
  • USDJPY – MT is bear normal. Continue short.
  • AUDUSD – MT is sideways volatile. Wait or sell.
  • EURUSD – MT is sideways normal. Continue short.
  • NZDUSD – MT is sideways normal. Continue short.
  • USDCHF – MT is sideways volatile. Wait.
  • USDCAD – MT is sideways volatile. Wait.
  • EURGBP –  is sideways 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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