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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Vendredi 14 novembre 2014 5 14 /11 /Nov /2014 08:15

The Sigma Whole Market Index printed a third consecutive 'doji'. This underlines a declining momentum. There is no sign of reversal on the SWM but we can detect some warning signs on both the Russell 2000 and the Mid Cap 400. This is something to monitor.

 

SWM20141113.PNG

 

Both the Russell 2000 and the Mid Cap400 had a reversal day on Thursday.

 

chartRUT20141113.PNG

chartMID20141113.PNG

The Nasdaq 100 continues its vertical advance. It is funny to see the way this index acts. It looks like in 1999-2000, and maybe we need a major blow off in order to stop this huge bull market. Do not under estimate the 'final' top for this index, don't forget this index surged 50% between November 1999 and March 2000...

 

chartNDX20141113.PNG

 

In Europe, the situation remains weak and the Sigma Whole Europe is challenging a major support.

 

SWE20141113.PNG

 

Looking at the Stoxx600, we can notice the recent uptrend channel has been broken. Will we get a consolidation of recent gains (before further advance) or wil we retest October's lows?

 

chartSTX20141113.PNG

 

The Sigma Trend Index declined to '7', the trend continues to weaken. Other indicators are neutral at '3'.

 

stmodel20141113.PNG

 

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

 

stspx20141113.PNG

stndx20141113.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 @ 3968, 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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Jeudi 13 novembre 2014 4 13 /11 /Nov /2014 08:38

The Sigma Whole Market Index had a very quiet session. This index printed a new intraday high but had a flat close. We can detect a small doji for the day.

 

SWM20141112.PNG

Nevertheless, it seems that some momentum is coming back on former key indexes: the Russell 2000, the Small Cap 600 and the Mid Cap400 are now breaking key resistances.

 

chartRUT20141112.PNG

chartMID20141112.PNG

chartSC20141112.PNG

 

At the same time, the situation in Europe is very different. The Sigma Whole Europe had a bad session on Wednesday and this index is aready close to a major support. A strong bounce back is needed or this region will come back in trouble.

 

SWE20141112.PNG

We have the same situation on both the CAC and the Stoxx600:

 

chartSTX20141112.PNG

chartCAC20141112.PNG

 

The Sigma Trend Index is unchanged at '8'. Other indicators were neutral at '3'.

 

stmodel20141112.PNG

 

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

 

stspx20141112.PNG

stndx20141112.PNG

 

Short Term Trading Book:
 

- SPX: long at 1892.65 (stop @ 1953, 3pts below the ST model to take into account bid/ask spread)
- NDX: long at 3828.03(stop @ 3959, 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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