Stock Index Weekly Market Type Analysis 31 October 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. Bull normal on lower time frames so keep buying.
  • US S&P 500 – MT is sideways volatile. Continue to buy.
  • US Nasdaq – MT is sideways volatile. Wait as we may well sell a sell-off from here in this MT.
  • US Russell 2000 – MT is sideways volatile. Wait for now.
  • UK 100 – MT is bear normal. A bearish engulfing off a minor double top provides a good time to go short.
  • Europe 50 – MT is sideways volatile. Continue to buy on the back of a dovish ECB but careful as we are getting mid range.
  • Germany 30 – MT is sideways volatile. Hold longs but careful of a weekly doji in the middle of the wider range. .
  • France 40 – MT is sideways volatile. Continue to buy.
  • Italy 40 – MT is sideways volatile. Wait for now with daily charts turning sideways.
  • Spain 35 – MT is sideways volatile. Wait for now with daily charts turning sideways.
  • Swiss 30 –  MT is sideways volatile. Wait for now as sitting at resistance.
  • Netherlands 25 –  MT is sideways volatile. Wait for now with daily charts turning sideways.
  • Japan 225 – MT is sideways volatile. Sitting at resistance, wait for now.
  • Hong Kong 33 – MT is sideways volatile. Big bearish engulfing week so wait for now.
  • Singapore 30 – MT is bear normal. Big bearish engulfing week so look short.
  • Australia 200 – MT is bear normal. Big bearish engulfing week so look short.
  • Gold – MT is sideways normal. Bearish engulfing week, look short.
  • Gold vs EURO – MT is sideways  normal. Bearish tweezers present a selling opportunity.
  • Silver – MT is sideways normal.  Bearish hammer look short.
  • Silver vs EURO – MT is sideways normal. Bearish candle look short.
  • Copper – MT is sideways normal. Wait for now.
  • Platinum – MT is bear normal. Look to sell.
  • Palladium – MT is sideways volatile. Wait for now.
  • Bitcoin – MT is bull normal. Breaking out, look to buy.
  • Brent Oil – MT is sideways quiet. Wait for now.
  • WTI Oil – MT is sideways quiet. Wait for now.
  • Natural Gas – MT is sideways normal.  Mid range bullish hammer. Wait for now.
  • Corn – MT is sideways volatile. Wait.
  • Sugar – MT is bull normal. Look to buy.
  • Soy Bean – MT is sideways  normal. Wait.
  • Wheat – MT is sideways volatile. Wait for now.
  • US T-Bond – MT is sideways volatile. Bullish engulfing look to buy.
  • US T-note – MT is sideways volatile. Wait.
  • Euro Bund – MT is bull normal. Double top forming with weekly hammer. Look to sell.
  • UK GILTS – MT is sideways 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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