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. But we have a failed break lower with a bullish engulfing week. Time to go to neutral or even cautious longs. Fridays job numbers indicate we might not see rates raised until next year. Market has responded in bullish fashion.
- US S&P 500 – MT is bear normal. But we have a failed break lower with a bullish hammer week. Time to go to neutral or even cautious longs.
- US Nasdaq – MT is bear normal. But we have a failed break lower with a bullish engulfing week. Time to go to neutral or even cautious longs.
- US Russell 2000 – MT is bear normal. Bullish hammer forming a minor double bottom be wary of a reversal.
- UK 100 – MT is bear normal. Two spinning tops signal caution and best to wait for clearer signals.
- Europe 50 – MT is bear normal. Bullish hammer signals caution.
- Germany 30 – MT is bear normal. Bullish hammers forms minor double bottom. Trim shorts and cautious longs preferred.
- France 40 – MT is bear normal. Bullish hammer signals caution.
- Italy 40 – MT is bear normal. Bullish hammer signals caution.
- Spain 35 – MT is bear normal. Bullish hammer off key support signals contrarian long.
- Swiss 30 – MT is bear normal. Bullish piercing signals caution.
- Netherlands 25 – MT is bear normal. Bullish candle indicates contrarian long.
- Japan 225 – MT is bear normal. Bullish hammer of double bottom signals small longs as appropriate.
- Hong Kong 33 – MT is bear normal. Double bottom now in place signalling contrarian buy.
- Singapore 30 – MT is bear normal. In contrast to other indices no sign of a bottom as yet, continue short.
- Australia 200 – MT is bear normal. Bullish engulfing signals caution.
- 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 sideways quiet. Wait, stalk breakout.
- WTI Oil – MT is sideways quiet. Wait, stalk breakout.
- Natural Gas – MT is bear normal. Minor double bottom in place suggests caution.
- 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. Wait for now
- Soy Bean – MT is bear normal. Go short.
- Wheat – MT is sideways volatile. Wait for now.
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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