Stock Index Weekly Market Type Analysis 22 Feb 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. Continue to hold longs.
  • US S&P 500 – MT is bear normal/sideways volatile transition. Continue short but with a great deal of caution based on formation of a weekly hammers off 1850 support.
  • US Nasdaq – MT is sideways volatile. Continue long.
  • US Russell 2000 – MT is bear normal. Continue short.
  • UK 100 – MT is sideways normal. Almost a bear normal MT, wait or look 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. Look short.
  • Japan 225 – MT is bear normal. Continue short.
  • Hong Kong 33 – MT is bear normal. Continue short.
  • China Class A Shares – MT is bear normal. Continue short.
  • Singapore 30 – MT is bear normal. Continue short, but wary of bottoming pattern for temporary upside.
  • Australia 200 – MT is sideways normal. Wait.
  • New Zealand 50 – MT is bull normal. Continue to buy.
  • Canada 60 – MT is bear normal. Continue short.
  • Emerging Markets – MT is bear normal. Continue to sell.
  • Gold – MT is fast bull. Continue to buy.
  • Gold vs EURO – MT is fast bull. 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 volatile. Wait for now.
  • Palladium – MT is bear normal. Continue short.
  • Bitcoin – MT is sideways normal. Wait.
  • Brent Oil – MT is bear normal. Continue short.
  • WTI Oil – MT is bear normal. Continue short.
  • Natural Gas – MT is bear normal. Bullish engulfing, careful to further upside.
  • Corn – MT is sideways quiet. Wait,
  • Sugar – MT is bear normal. Look to 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. Continue to buy.
  • Euro Bund – MT is bull fast. Continue to buy.
  • UK GILTS – MT is sideways volatile. Sell based off bearish hammer near the top of the range.
  • Junk bonds – MT is bear fast. Continue short but wary of bullish hammer.

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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