Mercredi 1 octobre 2014 3 01 /10 /Oct /2014 08:57

So far so good, the Sigma Whole MArket Index remains above its horizontal support.

 

SWM20140930.JPG

Nevertheless, both the Russell 2000 and the Small Cap 600 declined below their horizontal support. As both index have been leading the market in recent decline, this is a very bad signal for the equity market.

 

chartRUT20140930.JPG

chartSC20140930.JPG

 

The Sigma Trend Index remains well in negative territory. Both the Swing and the Power Level are neutral.

 

stmodel20140930.JPG

 

Short Term Trading Book:
 

- SPX: long at 1936.12 (stop @ 1926, 3pts below the ST model to take into account bid/ask spread)
- NDX: long at 3894.96 (stop @ 3999, 5pts below the ST model to take into account bid/ask spread)
- CAC: stopped
- EStox: stopped
- DAX:  stopped
- IBEX: stopped
Par sigmatradingoscillator - Publié dans : Market Analysis
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Mardi 30 septembre 2014 2 30 /09 /Sep /2014 08:10

The Sigma Whole MArket Index remains above its horizontal support. This is a positive signal. 

 

SWM20140929.JPG

 

Looking at other indexes, we can notice that both the NDX and the RUT are right on horizontal support. Those indexes are the key ones to focus on. Any further weakness on those indexes would trigger a new wave of selling pressure.

 

chartNDX20140929.JPG

chartRUT20140929.JPG

 

Looking at key European indexes, we can notice the market printed new lows on Monday. This is another signal of weakness, not good on a short term basis.

 

chartEstox20140929.JPG

chartCAC20140929.JPG

chartIBEX20140929.JPG

 

The Sigma Trend Index declined to '-17' and remains in negative territory.

 

stmodel20140929.JPG

 

Our long positions on both the CAC and the Eurostoxx were stopped:

- cac stopped at 4336.77 => 4436.77 - 4180.52 = 156.25 (gain)

- Estox stopped at 3171.77 => 3171.77 - 3036.56 = 135.21 (gain)

 

Short Term Trading Book:
 

- SPX: long at 1936.12 (stop @ 1926, 3pts below the ST model to take into account bid/ask spread)
- NDX: long at 3894.96 (stop @ 3999, 5pts below the ST model to take into account bid/ask spread)
- CAC: stopped
- EStox: stopped
- DAX:  stopped
- IBEX: stopped
Par sigmatradingoscillator - Publié dans : Market Analysis
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Lundi 29 septembre 2014 1 29 /09 /Sep /2014 07:44

We underlined on Friday that a lot of indexes were on strong supports. So, the market took benefit of this situation and we enjoyed a nice rebound on Friday. It will be interesting to monitor if this rebound is sustainable or if it was just a dead cat bounce.

 

SWM20140926.JPG

 

The Sigma Trend Index sharply bounced back and the Swing was at'4'. So, the ST model triggered a fresh buy signal but as we are already long, there is no change in our position.

 

stmodel20140926.JPG

 

Short Term Trading Book:
 

- SPX: long at 1936.12 (stop @ 1926, 3pts below the ST model to take into account bid/ask spread)
- NDX: long at 3894.96 (stop @ 3999, 5pts below the ST model to take into account bid/ask spread)
- CAC: long at 4180.52 (stop @ 4337, 5pts below the ST model to take into account bid/ask spread)
- EStox: long at 3036.56 (stop @ 3172, 5pts below the ST model to take into account bid/ask spread)
- DAX:  stopped
- IBEX: stopped
Par sigmatradingoscillator
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Vendredi 26 septembre 2014 5 26 /09 /Sep /2014 09:12

The Sigma Whole MArket Index sharply declined on Thursday. We are now right on a major support and it is important to keep this level.

 

SWM20140925.JPG

 

The Russell2000, the Small Cap600 and the Nasdaq100 are also on key supports. If the market can't hold those levels, we can expect an acceleration to the downside.

 

chartNDX20140925.JPG

chartSC20140925.JPG

chartRUT20140925.JPG

 

The Sigma Trend Index sharply declined on Thursday and we are at lower levels than the ones reached on Tuesday.

 

stmodel20140925.JPG

 

STI20140925.JPG

 

The ST model was stopped on both the DAX and the IBEX:

- DAX, stopped at 9574.05 => 9574.55 - 9184.25 =390.3

- IBEX, stopped but no gain because we had no position on this index

 

stDAX20140925.JPG

stIBEX20140925.JPG

 

We forgot to post this update on Wednesday but the ST model sharply uplifted its stop on the NDX:

 

stndx20140925.JPG

 

 

 

Short Term Trading Book:
 

- SPX: long at 1936.12 (stop @ 1926, 3pts below the ST model to take into account bid/ask spread)
- NDX: long at 3894.96 (stop @ 3999, 5pts below the ST model to take into account bid/ask spread)
- CAC: long at 4180.52 (stop @ 4337, 5pts below the ST model to take into account bid/ask spread)
- EStox: long at 3036.56 (stop @ 3172, 5pts below the ST model to take into account bid/ask spread)
- DAX:  stopped
- IBEX: stopped
Par sigmatradingoscillator - Publié dans : Market Analysis
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Jeudi 25 septembre 2014 4 25 /09 /Sep /2014 08:56

The Sigma Whole Market Index enjoyed a nice bounce back on Wednesday. Nevertheless, as long as the index remains below the red horizontal resistance, we can't consider we are out of danger.

 

SWM20140924b.JPG

 

We underlined in yesterday's update that the market was highly oversold. Today, the Sigma Trend Index sharply bounced back but it remains in negative territory. So, no more oversold conditions but still in negative territory. It will be very important to see in next sessions if the STI moves in positive territory or if this move was just a bounce back from oversold conditions.

 

SWM20140924.JPG

Looking at key indexes, we can notice the Nasdaq100 remains very strong while the Russell2000  remains weak.

 

chartRUT20140924.JPG

chartNDX20140924.JPG

 

Short Term Trading Book:
 

- SPX: long at 1936.12 (stop @ 1926, 3pts below the ST model to take into account bid/ask spread)
- NDX: long at 3894.96 (stop @ 3873, 5pts below the ST model to take into account bid/ask spread)
- CAC: long at 4180.52 (stop @ 4337, 5pts below the ST model to take into account bid/ask spread)
- EStox: long at 3036.56 (stop @ 3172, 5pts below the ST model to take into account bid/ask spread)
- DAX:  long at 9184.25 (stop @ 9575 10pts below the ST model to take into account bid/ask spread)
- IBEX: no position at this stage (according to our model, stop would be at 10733)
Par sigmatradingoscillator - Publié dans : Market Analysis
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Mercredi 24 septembre 2014 3 24 /09 /Sep /2014 09:00

The Sigma Whole Market Index was under pressure on Tuesday.We are not far from the pink horizontal support. If we move below this level, the double top will be confirmed

 

SWM20140923.JPG

 

Looking at the Russell 2000, this index remains under heavy pressure. There is a couple of weeks we have been focusing on this situation and we consider recent action is worrying.

 

chartRUT20140923.JPG

 

The Sigma Trend Index is in oversold territory (at '-74'). Both the Swing and the Power Level tell us the decline was impulsive.

 

stmodel20140923.JPG

 

The Sigma Trend Index is in oversold territory for the fifth time in 12 months. Nevertheless, currunt levels are not as extreme as the one we got in both August and January.

 

STI20140923.JPG

 

There is no change in our positions at this stage but we are not far from our stop levels.

 

Short Term Trading Book:
 

- SPX: long at 1936.12 (stop @ 1926, 3pts below the ST model to take into account bid/ask spread)
- NDX: long at 3894.96 (stop @ 3873, 5pts below the ST model to take into account bid/ask spread)
- CAC: long at 4180.52 (stop @ 4337, 5pts below the ST model to take into account bid/ask spread)
- EStox: long at 3036.56 (stop @ 3172, 5pts below the ST model to take into account bid/ask spread)
- DAX:  long at 9184.25 (stop @ 9575 10pts below the ST model to take into account bid/ask spread)
- IBEX: no position at this stage (according to our model, stop would be at 10733)
Par sigmatradingoscillator - Publié dans : Market Analysis
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Mardi 23 septembre 2014 2 23 /09 /Sep /2014 08:12

The Sigma Whole Market Index was under heavy pressure on Monday. The market is now at risk of a double top. It is too early to conclude but we will get the answer in coming days.

 

SWM20140922.JPG

 

Once again, the Russell 2000 and the S&P Mid Cap400 were under heavy pressure and their charts look very weak.

 

chartRUT20140922.JPG

chartMID20140922.JPG

In Europe, most key indexes were unable to print new highs. The whole market seems ready for a correction.

 

chartCAC20140922.JPG

chartDAX20140922.JPG

chartEstox20140922.JPG

chartIbex20140922.JPG

 

The Sigma trend Index sharply declined to '-38'. Both the Swing and the Power Level (PL) were at '1', telling us the decline was highly impulsive.

 

stmodel20140922.JPG

 

Short Term Trading Book:
 

- SPX: long at 1936.12 (stop @ 1926, 3pts below the ST model to take into account bid/ask spread)
- NDX: long at 3894.96 (stop @ 3873, 5pts below the ST model to take into account bid/ask spread)
- CAC: long at 4180.52 (stop @ 4337, 5pts below the ST model to take into account bid/ask spread)
- EStox: long at 3036.56 (stop @ 3172, 5pts below the ST model to take into account bid/ask spread)
- DAX:  long at 9184.25 (stop @ 9575 10pts below the ST model to take into account bid/ask spread)
- IBEX: no position at this stage (according to our model, stop would be at 10733)
Par sigmatradingoscillator - Publié dans : Market Analysis
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