Stock Index Weekly Market Type Analysis 31 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. Buy signal confirmed off the bottom of the range. Look to buy.
  • US S&P 500 – MT is sideways volatile. Continue to buy off the bottom of the range.
  • US Nasdaq – MT is sideways volatile. Bullish piercing pattern off support. Continue to buy.
  • US Russell 2000 – MT is bear normal. Bullish candles suggest temporary upside.
  • UK 100 – MT is sideways normal. Continue 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. Continue to buy.
  • Germany 30 – MT is sideways volatile. Bullish engulfing off support. Continue to buy.
  • France 40 – MT is sideways volatile. Bullish engulfing, expect some temporary upside.
  • Italy 40 – MT is bear normal. Continue short.
  • Spain 35 – MT is bear normal. Continue to sell.
  • Swiss 30 –  MT is sideways normal. A bullish engulfing off support suggests some temporary upside.
  • Netherlands 25 –  MT is sideways normal. Bullish engulfing off support suggests some temporary upside.
  • Japan 225 – MT is sideways normal. Breakout failed. Continue to buy.
  • Hong Kong 33 – MT is bear normal. Bullish engulfing suggests caution.
  • China Class A Shares – MT is bear normal. Breaking out into bear. Continue to sell.
  • Singapore 30 – MT is fast bear. Continue to sell, but wary of bullish engulfing.
  • Australia 200 – MT is sideways normal. Continue to buy.
  • New Zealand 50 – MT is bull normal. Continue to buy.
  • Canada 60 – MT is bear volatile. Careful in this market type
  • Emerging Markets – MT is bear volatile. Careful in this market type.
  • Gold – MT is sideways normal. Wait.
  • 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. Sell with caution due to lower timeframe volatility.
  • WTI Oil – MT is bear normal. Sell with caution due to lower timeframe volatility.
  • Natural Gas – MT is bear normal. Bullish engulfing, careful to further upside.
  • Corn – MT is sideways quiet. Breakout is now busted. Look to buy.
  • Sugar – MT is sideways normal. Breaking lower, possibly sell.
  • 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 bull normal. Turning bull normal, look to buy.
  • Euro Bund – MT is bull fast. 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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