Stock Index Weekly Market Type Analysis 25 April 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 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. We have the first sign of a reversal with a doji. Tentative shorts are ok.
  • Europe 50 – MT is sideways normal. Wait for now.
  • Germany 30 – MT is sideways volatile. Wait.
  • France 40 – MT is sideways volatile. Wait.
  • Italy 40 – MT is bear normal. Continue short, but with caution as we could be turning sideways.
  • 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 normal. Wait.
  • Hong Kong 33 – MT is bear volatile. Wait.
  • 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. Wait.
  • 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.
  • 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, but candles suggest a great deal of caution so may be best to wait for the price to breakout higher first before entering.
  • Gold vs EURO – MT is bull normal. But careful of the MT turning sideways here.
  • Silver – MT is bull normal.  Continue to buy, but the massive hammer on the daily charts suggests a cautious approach.
  • Silver vs EURO – MT is bull normal.  Continue to buy but with the same warning as above.
  • Copper – MT is sideways normal. Wait.
  • Iron Ore – MT is bull normal. Look to buy.
  • Platinum – MT is bull normal. Look to buy.
  • Palladium – MT is sideways normal. Wait.
  • Bitcoin – MT is sideways quiet. Wait.
  • Brent Oil – MT is sideways normal.  Wait now.
  • WTI Oil – MT is sideways normal.  Wait now but bullish above 44.40.
  • Natural Gas – MT is bull normal. Look to buy.
  • Corn – MT is sideways quiet. Big bearish hammer, cancel longs.
  • Sugar – MT is sideways volatile.  Bearish hammer after busted breakout suggests sell, continue short.
  • Soy Bean – MT is bull fast. Long, but careful of a reversal in this MT (don’t scale-in anymore)
  • Wheat – MT is sideways normal. Wait. Big bearish hammer after failed breakout attempt.
  • 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. Look to buy, but again the price action makes me cautious.
  • UK GILTS – MT is sideways volatile. Wait.
  • Junk bonds – MT is bear volatile. Wait.
  • GBPUSD –  MT is bear normal. But we are turning sideways so wait.
  • USDJPY – MT is bear normal. Look short, but with caution.
  • AUDUSD – MT is bull normal. Continue to buy but way of the weak bearish hammer formed last week.
  • EURUSD – MT is sideways normal. Evening star off the top of the range suggests sell.
  • NZDUSD – MT is sideways normal. Bearish hammer after failed breakout suggest sell.
  • USDCHF – MT is bear normal. Though we are looking like we will turn sideways, so wait.
  • USDCAD – MT is bear normal. Look to sell.
  • 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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