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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Mercredi 19 novembre 2014 3 19 /11 /Nov /2014 08:38

The Sigma Whole Market Index continues its advance. It seems that nothing can stop this market. Day after day, we are printing new records on the NDX,SPX, DJI, .... Most analysts and market commentators are calling for further gains thanks to the seasonality (year end rally) and it seems Santa Claus is already here for more than one month....

 

SWM20141118.PNG

 

Nevertheless, recent rally hasn't been confirmed by the Sigma Smart Money Index. This means that 'strong hands' are reducing their exposure to the market. While the Sigma Whole Market Index is printing new record highs, the Sigma Smart Money index printed 3 lower highs (grey lines). This is a warning signal.

 

SSMI20141118b.png

 

Looking at the Small Cap 600, we can also notice a (negative) reversal day on Tuesday. This doesn't sound bullish.

 

chartSC20141118.PNG

Looking at the Russell 2000, we can notice this index remains below 2 strong horizontal resistances. This is not postive.

chartRUT20141118.PNG

In Europe, the Sigma Whole Europe Index is unable to climb above the blue horizontal resistance. And the market is retesting its broken uptrend (by the south). The Situation is definitively less bulish than it seems.

 

SWE20141118-copie-1.PNG

 

There is no new information coming from our indicators.

 

stmodel20141118.PNG

 

The ST model uplifted (once again) its stops on both the NDX and the SPX:

 

stspx20141118.PNG

stndx20141118.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 @ 9104, 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 18 novembre 2014 2 18 /11 /Nov /2014 09:28

The Sigma Whole Market Index remains very close to recent top. There is no sign of reversal at this stage: the market remains abve the red horizontal support.

 

SWM20141117b.PNG

 

Nevertheless, loking at the Russell2000 and the S&P Small Caps 600, we can detect some early signs of reversal. Those 2 indexes are the key ones to focus on at this stage: if they continue to decline, the whole market will probably follow.

 

chartRUT20141117.PNG

chartSC20141117.PNG

 

Looking at the Sigma Whole Europe, there is no new information. The market remains below major resistance.

 

SWE20141117.PNG

 

The situation is exactly the same looking at the CAC and the Stoxx600: both indexes are below major resistances.

 

chartSTX20141117.PNG

chartCAC20141117.PNG

 

The Sigma Trend Index declined to '5', other indicators remain neutral at '3'.

 

STmodel20141117b.PNG

 

The ST model uplifted its stop on the NDX:

 

stNDX20141117b.PNG

 

Short Term Trading Book:
 

- SPX: long at 1892.65 (stop @ 1955, 3pts below the ST model to take into account bid/ask spread)
- NDX: long at 3828.03(stop @ 3974, 5pts below the ST model to take into account bid/ask spread)
- CAC: stopped
- EStox: stopped
- DAX:  long at 8769.25(stop @ 9104, 10pts below the ST model to take into account bid/ask spread)
- IBEX: stopped
Par sigmatradingoscillator - Publié dans : Market Analysis
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Lundi 17 novembre 2014 1 17 /11 /Nov /2014 12:14

There is no change on the chart. The Sigma Whole Market Index remains in a low volatility environment. It is clear this index is losing most of its momentum but looking at recent surge, it is not a surprise.

 

SWM20141117.PNG

 

The Sigma Trend Index continues to decline and we are getting closer and closer from its zero line. We are (only) at '6' and this number doesn't match with recent price action.

 

stmodel20141117.PNG

 

The ST model uplifted its stop on the NDX:

 

stndx20141117.PNG

 

Short Term Trading Book:
 

- SPX: long at 1892.65 (stop @ 1955, 3pts below the ST model to take into account bid/ask spread)
- NDX: long at 3828.03(stop @ 3970, 5pts below the ST model to take into account bid/ask spread)
- CAC: stopped
- EStox: stopped
- DAX:  long at 8769.25(stop @ 9104, 10pts below the ST model to take into account bid/ask spread)
- IBEX: stopped
Par sigmatradingoscillator - Publié dans : Market Analysis
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