It has been a challenging week for the equity markets. Especially in Europe, fears on Spain’s debt triggered heavy speculation in the equity and bond markets. Yields have jumped and equities sold-off. Weakness in Spain spread to Italy and Portugal. We have seen clear technical sell signals in Spain, Italy and Portugal. These were the weak […]
Yesterday markets were strong with the expectation of a better than expected Chinese GDP data for the Q1. Today markets were disappointed by the worse than expected data at 8.1% for the quarter. Expectation was around 8.3%-8.5% but 8.1% growth was clearly below expectations. Q4 2011 growth was at 8.9%. This is the lowest growth in almost 3 years […]
It was mid-March when U.S. CPI data was higher than expected and everyone feared from a possible inflationary environment. Bonds sold-off and equities rallied with commodities. On the 17th of March I reviewed Euro Bund & 10 Year T-Note prices and concluded that it is still early to call for an inflationary environment and a major correction […]
In my previous post on Light Crude Oil, I wrote about a possible flag formation forming on the price chart. It looks like I was a bit optimistic with my bullish forecast. http://techcharts.wordpress.com/2012/03/26/light-crude-oil-4/ Price continued lower, broke down the 103.75 support level and reached the lower boundary of the trend channel at 100.8 level. This is […]
While most of the european markets are recovering or have been performing much better since the beginning of 2012, some had extremely poor performance. In this post I’m analyzing Spain’s IBEX 35 index and comparing it with other European country indices to see the ones that are recovering, performing better and worse. This should give us an intermediate-term overview of European […]
On the 18th of March I analyzed Wheat continuous price and drew attention to a possible symmetrical triangle. http://techcharts.wordpress.com/2012/03/18/wheat/ In the past one week price resumed its consolidation in this tight trading range. Volatility is still at an extreme low reading and price is now closer for a major breakout from a 2 month-long consolidation range. […]
Since my last update on Copper on the 19th of March price resumed its consolidation in a tight range. http://techcharts.wordpress.com/2012/03/19/copper-3/ This has increased the likelihood of a strong breakout from the possible symmetrical triangle. Given that Dr. Copper held above its long-term moving average (200 day moving average) and rebounded after each test, I would expect this breakout […]
Followers of Tech Charts who are interested in energy prices would remember my earlier posts on Light Crude Oil in February. I always like to use same templates on price charts while analyzing historical data. Looking at the same indicators puts you in sync with price movements. Band width indicator is a perfect example of repetitive cycles. Analyzing […]
Copper is now closer to a major breakout. Since my last analysis on Dr. Copper on the 26th of February, price remained in a tight consolidation range without any directional movement. http://techcharts.wordpress.com/2012/02/26/copper-2/ As price have spent more time in this congestion area with low volatility readings, a breakout in the following days should occur. The fact […]
In the past few weeks we have been reading divided opinions on equity market performance. There is definitely no consensus on the bull market or the bear market. I read several articles suggesting it’s time for a stock market correction supported by reasonable arguments and several suggesting it’s time to buy equities. When public opinion is divided as it […]
