in general world markets are in sync, and again generally they have reached the tops of their trading bands and appear to be ready for an oscillation down US – the 5 year upward trend continues with the indices now having broken through the 2000 level......the current strong upward leg which has reached the top of the trading band has now begun to falter looking to oscillate back down again.... CHINA - its very strong upward performance has now halted and it has now begun oscillating back down again.... JAPAN – trending sideways, looking to have a small downward leg. EUROPEAN STOCKS a very strong upward movement over the last period has seen the DAX gain approx. 75% of its recent losses...... draghi's talk to create even more monetary stimulus has over shadowed the ongoing war in the Ukraine and the consequences of economic sanctions from both sides....... you would think it would have to turn down soon again ?
Our INDEX – the overall upward trend of our index is intact..... the current upward leg having reached the top of the trading band has stalled over the last week and appears ready to oscillate down again ..... from last week a number of sectors have reversed both down and up.
The sectors Resources --------------------change of trend – now down Energy trending -------------has been a huge upward spike, might now retrace a bit ? finance trending -------------trending up Consumer discretionary --upward trend now broken – movement sideways Consumer staples --------- stronglyup Health -------------------------very strongly up – a spike Industrials --------------------upward trend continues information technology --- continuing sideways utilities ------------------------ upward trend continues property ---------------------- strong upward movement continues telecommunications -------strong upward movement continues gold ----------------------------continuing sideways
(the above assumed trends are based on applying a linear retracement band over a period of 2 months ..... i have found that the 2 month period on average gives a reasonable indication of trend..... but certainly not always )
