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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