Jeudi 27 novembre 2014 4 27 /11 /Nov /2014 07:52

Europe

The Sigma Whole Europe Index remains stuck below its (pink) horizontal resistance. The market started a consolidation at elevated level.

 

SWE20141126c.PNG

 

Looking at some key European charts, the consolidation is also very clear: CAC seems unable to move above 4400 and EuroStoxx has the problem with the 3250 area. The DAX continued its impressive advance.

 

chartCAC20141126.PNG

chartEstox20141126.PNG

chartDAX20141126.PNG

 

The Power Level dropped to '2' on Wednesday, generating a confirmed sell signal in Europe.

 

SWE20141126b-copie-1.PNG

 

The ST model is now short on European indexes:

 

stEsrox20141126.PNG

stCAC20141126.PNG

stDAX20141126.PNG

stibex20141126.PNG

 

United States

The Sigma Whole Market Index continues its advance, the world is beautiful and thanks to central banks, it is always Xmas in United states...

 

US-Daily-Chart-Candle_20141127.jpg

 

Both the NDX and the SPX continue to print new record highs. It seems the NDX wants to retest its 2000 record high.

 

US-Daily-ChartSP500_20141127.jpg

US-Daily-ChartNDX_20141127.jpg

 

But the Russell 2000 is still more than 1% below its 52weeks high.

 

US-Daily-ChartRUT_20141127.jpg

 

The Sigma Trend Index remains below '34'. So, we can't get any sell signal at this time.

 

stmodel20141126.PNG

 

The ST model uplifted its stop on the NDX:

 

stndx20141126.PNG

 

Short Term Trading Book:
 

- SPX: long at 1892.65 (stop @ 1969, 3pts below the ST model to take into account bid/ask spread)
- NDX: long at 3828.03(stop @ 4005, 5pts below the ST model to take into account bid/ask spread)
- CAC: short at 4380.87(stop @ 4510, 5pts above the ST model to take into account bid/ask spread)
- EuroStoxx50: short at 3230.03(stop @ 3328, 5pts above the ST model to take into account bid/ask spread)
- DAX:  short at 9924.15(stop @ 10223, 10pts above the ST model to take into account bid/ask spread)
- IBEX: short at 10663.8(stop @ 10976, 10pts above the ST model to take into account bid/ask spread)

 

 

 

Par sigmatradingoscillator - Publié dans : Market Analysis
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Mercredi 26 novembre 2014 3 26 /11 /Nov /2014 20:02

The Power Level closed at '2' in Europe. So, the ST model generated a confirmed sell signal in Europe:

 

SWE20141126b.PNG

 

So, we closed our long DAX @ 9924.15 => 9924.15 - 8769.25 = 1154.9 (gains)

 

According to our model, we shorted:

- 1 CAC @ 4380.87

- 1 EuroStoxx50 @ 3230.03

- 1 DAX @ 9924.15

- 1 IBEX @ 10663.8

 

 

More details in our daily update tomorrow.

Par sigmatradingoscillator - Publié dans : Trade
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Mercredi 26 novembre 2014 3 26 /11 /Nov /2014 09:04

Europe

The Sigma Whole Europe Index remains at elevated levels but it looks like it is losing some momentum at this stage.

 

SWE20141126.PNG

 

The DAX is right at the top of its uptrend channel and a reversal from here would print a double top pattern.

 

chartDAX20141125.PNG

The situation is not very different for the Stoxx600 and the EuroStoxx50.

 

chartStoxx20141125.PNG

chartEstox20141125.PNG

 

The Sigma Trend Index in Europe remains above the key '34' level. So, a 'sell' signal remains possible in the next 3 sessions.

 

SWE20141125.PNG

 

The ST model uplifted its stop on the DAX.

 

stdax20141125.PNG

 

United states:

The Sigma Whole Market Index continues its advance. There is no sign of reversal at this stage.

 

SWM20141125.PNG

The S&P500 and the NDX continue to print new historical highs.Most investors are turning very bullish for the end of this year, expecting a strong year end rally.

 

chartNDX20141125.PNG

chartSPX20141125.PNG

The Russell 2000 remains above its support but it is still ~=2% below its 52 weeks high.

chartRUT20141125.PNG

The situation is different for the Mid Cap400 because it made new 52 weeks highs but we need a clear breakout in order to avoid a 'false break' scenario.

 

chartMID20141125.PNG

 

Looking at the S&P500 equally weighted index, we can notice a powerful acceleration in the last days, current move is nearly vertical. This sounds like an exhaustion pattern but this kind of advance can last for a couple of days, weeks and even months: don't forget the rally we got between November 1999 and March 2000, ~=+30% on the S&P500...

US-Daily-ChartSP500_EW_20141126.jpg

 

The Sigma Trend Index declined from '30' to '17'. So, a 'sell' signal  is impossible for the time being (have a look at our methodology for more details on buy/sell signals).

 

STmodel20141125.PNG

 

The ST model uplifted its stops on both the SPX and the NDX:

 

stspx20141125.PNG

stndx20141125.PNG

 

Short Term Trading Book:
 

- SPX: long at 1892.65 (stop @ 1969, 3pts below the ST model to take into account bid/ask spread)
- NDX: long at 3828.03(stop @ 3999, 5pts below the ST model to take into account bid/ask spread)
- CAC: stopped
- EuroStoxx50: stopped
- DAX:  long at 8769.25(stop @ 9251, 10pts below the ST model to take into account bid/ask spread)
- IBEX: stopped

 

Par sigmatradingoscillator - Publié dans : Market Analysis
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Mardi 25 novembre 2014 2 25 /11 /Nov /2014 07:49

Europe

The Sigma Whole Europe Index enjoyed very strong gains early in the session but due to some weakness at the end of the day, it wasn't able to close above the pink horizontal resistance.

 

SWE20141124.PNG

 

Looking at the CAC, DAX and the Eurostoxx50, we can see their intraday highs were very close to the top of the (blue) uptrend channel. So, from one way or another, we should get (at least) some kind of consolidation in coming days.

 

chartDAX20141124.PNG

chartCAC20141124.PNG

chartEstox20141124.PNG

 

The Sigma Trend Index Europe declined from '68' to '59' but it remains above the key '34' level. So, we still have 3 sessions in order to generate a confirmed sell signal. The only way to do it is to get a Swing and/or a Power Level at '1' or '2' in the next 3 sessions.

 

STEUModel20141124.PNG

 

The ST model uplifted its stop on the DAX:

 

stdax20141124.PNG

 

United States:

The Sigma Whole Market Index continues to rally but didn't print a new record on Monday. There is no sign of reversal at this stage.

 

SWM20141124.PNG

 

It is also interesting to notice that the Mid Caps 400 was finally able to move above its major resistance and to print a new high on Monday. This is short term positive for the market.

 

chartMID20141124.PNG

 

Looking at the Small Caps 600 and the Russell 2000, we are still far from their recent highs.

chartSC20141124.PNG

chartRUT20141124.PNG

Looking at the Nasdaq100 and the S&P500, those 2 indexes look unstoppable.

 

chartSPX20141124.PNG

chartNDX20141124.PNG

 

The Sigma Trend Index increased to '30' but it is still below the key '34' level required for a 'sell' signal. So, a sell signal in US (from our model) is impossible right now.

 

STmodel20141124.PNG

 

There is no change on our stops for both the NDX and the SPX.

 

Short Term Trading Book:
 

- SPX: long at 1892.65 (stop @ 1968, 3pts below the ST model to take into account bid/ask spread)
- NDX: long at 3828.03(stop @ 3994, 5pts below the ST model to take into account bid/ask spread)
- CAC: stopped
- EuroStoxx50: stopped
- DAX:  long at 8769.25(stop @ 9229, 10pts below the ST model to take into account bid/ask spread)
- IBEX: stopped

 

 

 

Par sigmatradingoscillator - Publié dans : Market Analysis
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Dimanche 23 novembre 2014 7 23 /11 /Nov /2014 22:14

Europe:

The Sigma Whole Europe Index(SWEI) enjoyed a strong rally on Friday. The index is right below a major resistance (pink horizontal line).

 

SWE20141122.PNG

 

Looking at the CAC, DAX and the Eurostoxx, we can notice the situation is roughly the same than on the SWEI. For both the CAC and the DAX, we can clearly identify an uptrend channel (blue). As we are not at the top end of this uptrend some upside remains possible.

 

chartCAC20141122.PNG

chartDAX20141122.PNG

chartStoxx20141122.PNG

 

Nevertheless, the Sigma Trend Index in Europe surged to '68' on Friday. This level is well above the key '34' level required for a sell signal. So, if the Swing or the Power Level dropped below '2' in the next 3 sessions, we will get a confirmed sell signal on European Markets. ( For more details on buy/sell signal, have a look at our methodology)

 

STEUModel20141122.PNG

 

The ST model uplifted its stop on the DAX:

 

stdax20141122.PNG

 

United States:

The Sigma Whole Market Index had a difficult session on Friday. The market printed a huge gap at the open and continued to rally during the first minutes of the session. Thereafter, the market started to decline and it closed well below its intraday high. The market printed a clear 'doji' for the day.

 

SWM20141122.PNG

 

Looking at some major US indexes, we can clearly see that Friday's session looks like a reversal day.

 

chartNDX20141122.PNG

chartRUT20141122.PNG

chartMID20141122.PNG

chartSC20141122.PNG

 

The Sigma Trend Index is still far from the key '34' level. So, at this stage,  it will be impossible to get a 'sell' on US markets.

 

STmodel20141122.PNG

 

The ST model uplifted its stops on both the SPX and the NDX:

 

stspx20141122.PNG

stndx20141122.PNG

 

Short Term Trading Book:
 

- SPX: long at 1892.65 (stop @ 1968, 3pts below the ST model to take into account bid/ask spread)
- NDX: long at 3828.03(stop @ 3994, 5pts below the ST model to take into account bid/ask spread)
- CAC: stopped
- EuroStoxx50: stopped
- DAX:  long at 8769.25(stop @ 9205, 10pts below the ST model to take into account bid/ask spread)
- IBEX: stopped

 

Par sigmatradingoscillator - Publié dans : Market Analysis
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Vendredi 21 novembre 2014 5 21 /11 /Nov /2014 01:10

After some weakness at the open, the Sigma Whole Market Index bounced back on its strong horizontal support. This market seems unstoppable.

 

SWM20141120.PNG

 

Both the Russell2000 and the Small Cap 600 enjoyed nice rebounds at key levels. This situation looks rather positive on a short term basis. It sounds like those indexes could print new highs in coming days.

 

chartSC20141120.PNG

chartRUT20141120.PNG

 

Looking at the Sigma Whole Europe Index, we can see this market was also able to bounce back from its intraday low. We are now close to the bottom end of the broken uptrend and right below the (blue) horizontal resistance. Friday's session will be very important.

 

SWE20141120.PNG

 

There is no new information coming from our indicators.

 

stmodel20141120.PNG

 

The ST model uplifted its stop on the DAX:

 

stDAX20141120.PNG

 

Short Term Trading Book:
 

- SPX: long at 1892.65 (stop @ 1960, 3pts below the ST model to take into account bid/ask spread)
- NDX: long at 3828.03(stop @ 3981, 5pts below the ST model to take into account bid/ask spread)
- CAC: stopped
- EStox: stopped
- DAX:  long at 8769.25(stop @ 9152, 10pts below the ST model to take into account bid/ask spread)
- IBEX: stopped

 

Par sigmatradingoscillator - Publié dans : Market Analysis
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Mercredi 19 novembre 2014 3 19 /11 /Nov /2014 23:44

The Sigma Whole Market Index remains above its strong (red) horizontal support. The market was under moderate selling pressure early in the session but it was able to cut its losses later in the session. So, all in all, the session was rather neutral.

 

SWM20141119.PNG

 

Nevertheless, the Russell 2000 was under heavy selling pressure and this index was not able to remain above its strong horizontal support. This index is the most important one to focus on because we still need a new 52 weeks high (on this index) in order to confirm the recent rally.

 

chartRUT20141119.PNG

 

In Europe, the Sigma Whole Europe Index remains stuck below its major resistance. We need a clear breakout or this market will be at risk.

 

SWE20141119.PNG

 

The Sigma Trend Index remains rather weak (close to its zero line) and there is no new information from our indicators.

 

stmodel20141119.PNG

 

The ST model uplifted its stop on the DAX:

 

stDAX20141119.PNG

 

Short Term Trading Book:
 

- SPX: long at 1892.65 (stop @ 1960, 3pts below the ST model to take into account bid/ask spread)
- NDX: long at 3828.03(stop @ 3981, 5pts below the ST model to take into account bid/ask spread)
- CAC: stopped
- EStox: stopped
- DAX:  long at 8769.25(stop @ 9117, 10pts below the ST model to take into account bid/ask spread)
- IBEX: stopped

 

Par sigmatradingoscillator - Publié dans : Market Analysis
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