Technical Strategies >>>
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Brent crude has been choppy during the past two years making it difficult to rely on popular technical indicators. While traders may typically choose to avoid a chart like Brent, the Geometric Rectangle annotation tool in Bloomberg can help define some lines, parameters and symmetry within a challenging, range-bound market. Click here to continue reading sample article.
The Standard & Poor’s 500 Index may fall as much as 8.7 percent after climbing to the upper limit of a rising channel, according to Roelof-Jan Van den Akker, a technical analyst at ING Groep NV. The S&P 500 will decline to a support level of 1,540 after it advanced to 1,709.67 on Aug. 2, Van den Akker [...]
West Texas Intermediate crude’s advance is stalling as a measure of technical momentum slows. The 14-day moving average convergence-divergence indicator has pared a premium to its signal line to the narrowest level since July 1, according to data compiled by Bloomberg. To read more, click here.
The Dubai General Index, up about 38 percent year-to-date, is no stranger to volatility with previous swings both up and down varying from 20 to 40 percent. The breadth of the recent trend, along with other technical indicators, suggest that after a brief period of short-term weakness the rally could proceed substantially higher. Click here to continue reading sample article.
The recent rise in the S&P 500 appears to have completed a bearish rising wedge on the 60 minute chart right at the confluence of major resistance levels on the daily chart. The 1420-1425 resistance zone should be watched closely for clues to the next important directional move. To continue reading please click here
Simple pattern and volume analysis suggest a potential bullish primary trend reversal in the Egyptian EG X30 Index. After prolonged bear markets, volume is often a key indication of recovery. Typically, a bear market doesn’t end until market participants are discouraged by losses and uninterested in equities. It is at this point that selling pressure is exhausted. When strong volume finally accompanies a move higher, [...]
While gold and other commodities have outperformed over the past decade, it may not be too late to invest in them. Based on the duration of prior long-term trends, it appears likely the bull market for commodities and commodity-linked assets will last at least another five years. As the dot com bubble burst at the turn of the millennium it marked [...]
Over the last 18 months U.S. equity markets have seen a rotation into defensive stocks. While this rotation typically coincides with bear markets for equities, it has this time coincided with a rally for the S&P 500. The index is up more than 7 percent since May 31, 2011. Meanwhile, the relationship between cyclical and [...]
The S&P 500 index has recently broken above its March and April highs, extending the rally that began at the end of 2011. During this time, the price of gold has declined, making lower highs, while the S&P has risen, making higher lows. More recently, the two have broken to the upside together, a sign the relationship between equities and gold has [...]