Stock Index Weekly Market Type Analysis 27 September 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 bear normal.  Continue short.
  • US S&P 500 – MT is bear normal.  Continue short. Bearish engulfing candle signals more downside to come.
  • US Nasdaq – MT is bear normal. Continue short. Bearish engulfing candle signals more downside to come.
  • US Russell 2000 – MT is bear normal. Continue short. Bearish engulfing candle signals more downside to come.
  • UK 100 – MT is bear normal. Continue short.
  • Europe 50 – MT is bear normal. Continue short.
  • Germany 30 – MT is bear normal. Continue short.
  • France 40 – MT is bear normal. Continue short.
  • Italy 40 – MT is bear normal. Continue short.
  • Spain 35 – MT is bear normal. Continue short.
  • Swiss 30 –  MT is bear normal. Continue short.
  • Netherlands 25 –  MT is bear normal. Continue short.
  • Japan 225 – MT is bear normal. Continue short with caution as minor double bottom in place.
  • Hong Kong 33 – MT is bear normal. Continue short. Bearish engulfing candle signals more downside to come.
  • Singapore 30 – MT is bear normal. Continue short. Bearish engulfing candle signals more downside to come.
  • Australia 200 – MT is bear normal. Continue short.
  • Gold – MT is sideways normal. Wait for now.
  • Gold vs EURO – MT is sideways  normal. Cautious longs ok, but prefer to wait.
  • Silver – MT is sideways normal.  Double bottom in place. Cautious longs ok.
  • Silver vs EURO – MT is bear normal. But bullish engulfing signals caution.
  • Copper – MT is bear normal. Continue short.
  • Platinum – MT is bear normal. Continue short.
  • Palladium – MT is bear volatile. Wait for now.
  • Bitcoin – MT is sideways normal. Wait
  • Brent Oil – MT is bear volatile. Go short.
  • WTI Oil – MT is bear volatile. Go short but sideways on lower timeframes.
  • Natural Gas – MT is bear normal. Bearish engulfing signals short.
  • US 30 year Bonds – MT is bull normal. Go long.
  • US 10 year Bonds – MT is sideways volatile. Wait.
  • German 10 year Bonds – MT is sideways volatile. Wait.
  • UK 10 year Bonds – MT is sideways volatile. Wait.
  • Corn – MT is sideways volatile. Wait.
  • Sugar – MT is bear volatile. Big bullish day on Friday so wait.
  • Soy Bean – MT is bear normal. Go short.
  • Wheat – MT is sideways volatile. Wait for now.

About the Author

Sam Eder is a currency trader and author of the Definitive Guide to Developing a Winning Forex Trading System and the Advanced Forex Course for Smart Traders (get free access). He is the owner of www.fxrenew.com a provider of Forex signals from ex-bank and hedge fund traders (get a free trial). If you like Sam’s writing you can subscribe to his newsletter.

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