Seven Days Ahead weekly Multi-Asset Technical Strategies 29th August 2018
This week's Multi-Asset Technical Strategies is attached. Very powerful signals arise when the charts of any one asset are aligned in all three time frames:
+ Dollar Sterling
Long-term BEAR Sterling Medium-term BEAR Sterling Short-term BEAR Sterling
+ S&P 500
Long-term BULL Medium-term BULL Short-term BULL
+ Oil
Long-term BULL Medium-term BULL Short-term BULL
+ Gold
Long-term BEAR Medium-term BEAR Short-term BEAR
CURRENCIES:
The Dollar has weakened sharply against the Euro but not against the Pound. The resulting weakness of the Pound against the Euro has been very marked : with more to follow as a result of completed patterns. In chart terms that is the new news. The Yen has stagnated.
STOCKS:
Last week we said that the bulls needed those S&P Prior Highs superseded for comfort ' so watch carefully how the various markets behave at these current levels'. The S&P has indeed broken up, dragging (it feels, especially when looking at the FTSE and the DJEurostoxx ) the other markets better on its coat tails. The exception to that is the Nikkei that is poised to complete a bull structure of considerable power if it comes to fruition. We are bulls of the S&P.
BONDS:
Bonds are dithering. We note the short-term weakness of the Bunds and that is a useful indicator since they led the bull trend. Elsewhere there is a lack of clarity. The thrilling long-term possibilities of the structure of the TNote have yet to clarify into probablilites.
COMMODITIES:
Oil remains as well-constructed bull market. Gold remains a bear market - though less-well constructed.
Seven Days Ahead sells Multi-asset trading research and strategies, both technical and fundamental, to banks, market-makers, brokers, hedge funds and the wider community of expert private investors around the World.
A wide selection of research is published on a weekly and daily basis covering stock indices, single stocks, fixed income, FX, bonds and commodities.
Our methodology is grounded in a belief of the power of both Technical and Fundamental analysis to transform trading performance.
We specialise in multiple time-horizon analysis that matched the requirements of a wide variety of trading and investing styles with clear, measurable strategies and recommendations.
As gauge of the value we can add to trading and investment decisions check the performance of our specific trade and investment recommendations.
Seven Days Ahead is authorized and regulated by the UK Financial Conduct Authority FRN 232104
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.