Stock Index Weekly Market Type Analysis 24 Jan 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. Continue to wait with a slight bias towards a short-term bounce.
  • US S&P 500 – MT is sideways volatile. Bear normal failed with the formation of a bullish hammer. Look to buy for the short-term.
  • US Nasdaq – MT is sideways volatile. Bullish piercing pattern off support. Look to buy.
  • US Russell 2000 – MT is bear normal. Continue short, but take profits with a bullish hammer and expect some short-term upside.
  • UK 100 – MT is Sideways normal. Look to buy after the formation of a bullish engulfing off support. Short-term bounce only.
  • Europe 50 – MT is bear normal. Bullish candle off support, suggest some temporary upside.
  • Germany 30 – MT is sideways volatile. Bullish engulfing off support. Buy in this MT.
  • France 40 – MT is bear normal. Bullish engulfing, expect some temporary upside.
  • Italy 40 – MT is bear normal. Continue short, but wary of the bullish hammer.
  • Spain 35 – MT is bear normal. Continue to sell.
  • Swiss 30 –  MT is bear normal. But a bullish engulfing off support suggests some temporary upside.
  • Netherlands 25 –  MT is bear normal. Bullish engulfing off support suggests some temporary upside.
  • Japan 225 – MT is sideways normal. Breakout failed. Look to buy.
  • Hong Kong 33 – MT is bear normal. Continue to sell.
  • China Class A Shares – MT is bear normal. Breaking out into bear. Look to sell.
  • Singapore 30 – MT is fast bear. Continue to sell.
  • Australia 200 – MT is sideways normal. Bullish engulfing off support, look to buy.
  • New Zealand 50 – MT is bull normal. Continue to buy.
  • Canada 60 – MT is bear normal. Bullish piercing suggests caution.
  • Emerging Markets – MT is bear normal. Continue to sell, but bullish hammer suggests caution.
  • Gold – MT is bear normal. Continue short.
  • Gold vs EURO – MT is sideways normal. Continue to buy.
  • Silver – MT is sideways normal.  Wait.
  • Silver vs EURO – MT is sideways normal. Wait.
  • Copper – MT is bear normal. Continue short.
  • Iron Ore – MT is bear normal. Continue short.
  • Platinum – MT is bear normal. Continue short.
  • Palladium – MT is bear normal. Continue short, but weary of a weekly bullish hammer.
  • Bitcoin – MT is bull normal. Continue to buy.
  • Brent Oil – MT is bear normal. Continue to sell in the medium term, but Brent was up 10% on Friday and further upside possible.
  • WTI Oil – MT is bear normal. Continue to sell in the medium term, but WTI was up 8% on Friday and further upside possible.
  • Natural Gas – MT is bear normal. Bullish engulfing, suggests temporary upside.
  • Corn – MT is sideways quiet. Breakout is now busted. Look to buy.
  • Sugar – MT is sideways normal. Wait.
  • Soy Bean – MT is sideways quiet. Wait.
  • Wheat – MT is sideways normal. Wait.
  • Cocoa – MT is bear normal.  Continue to sell.
  • US T-Bond – MT is sideways normal. Little bearish hammer, look to sell.
  • Euro Bund – MT is bull normal. Continue to buy.
  • UK GILTS – MT is sideways volatile. Wait.
  • Junk bonds – MT is bear fast. Continue short, but bullish hammer suggests taking profits.

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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