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. Bullish pin candle off support suggests buying may be appropriate but not a low-risk trade so may be best to stay out unless you can operate off a short-term time frame. Otherwise a small position with a target at the high of the range would be an appropriate strategy.
- US S&P 500 – MT is sideways volatile. Per Dow Jones above.
- US Nasdaq – MT is sideways volatile. Per Dow Jones above.
- US Russell 2000 – MT is sideways volatile. Wait for now.
- UK 100 – MT is MT is sideways volatile. Technically one of the better risk reward opportunities for a buy with a target at the top of the range.
- Europe 50 – MT is bear volatile. Wait for now.
- Germany 30 – MT is bear volatile. Wait for now.
- France 40 – MT is sideways volatile. A pin candle off support suggests buying with a target at the top of the range.
- Italy 40 – MT is sideways volatile. A pin candle off support suggests buying with a target at the top of the range.
- Spain 35 – MT is sideways volatile. A pin candle off support suggests buying with a target at the top of the range.
- Swiss 20 – MT is sideways volatile. A pin candle off support suggests buying with a target at the top of the range.
- Netherlands 25 – MT is bear volatile. Wait for now.
- Japan 225 – MT is sideways volatile. A pin candle off support suggests buying with a target at the top of the range.
- Hong Kong 33 – MT is sideways volatile. Wait.
- Singapore 30 – MT is bear volatile. Wait for now.
- Australia 200 – MT is bear volatile. Wait for now.
- Gold – MT is bear volatile. Wait for now.
- Gold vs EURO – MT is bear normal. Continue short.
- Silver – MT is bear volatile. Wait for now.
- Silver vs EURO – MT is bear normal. Continue short.
- Copper – MT is bear normal. Continue short.
- Brent Oil – MT is bear normal. Bullish engulfing off major support suggest price is bottoming. Take profit, tighten stops. Aggressive traders can initiate new longs though the price will likely become range bound.
- WTI Oil – MT is bear normal. Per Brent oil above.
- US 30 year Bonds – MT is bull volatile. But a major bearish engulfing week suggests we may see a double top here. This is a short for aggressive contrarians otherwise the dip can be brought.
- US 10 year Bonds – MT is sideways volatile. Wait
- German 10 year Bonds – MT is sideways volatile. Wait
- UK 10 year Bonds – MT is bear volatile. Wait for now.
- Corn – MT is sideways volatile. Wait.
- Natural Gas – MT is sideways normal. Wait.
- Sugar – MT is bear normal. Continue short but be wary of the bullish engulfing week.
- Soy Bean – MT is sideways normal. Wait
- Wheat – 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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