trends - 4th September .2014
World markets - while all continue their overall upward trend are in general on downward legs within their trend bands
US – the 5 year upward trend continues..... the ossilation downward leg is now underway ..
CHINA - the upward trend of the last 6 weeks continues, it is on the downward leg of its recent oscilations
JAPAN – its o/a upward trend continues, and continues.
EUROPEAN STOCKS - the DAX - the upward trend is technically still intact although the indice has trended down over the last 4 days and is sitting on the bottom trend line
AUSTRALIA – the sideways has now given way to a strong downward leg ......
bold type indicates comparison or change from previous
The sectors
Resources --------------------now moving sharply down & down
Energy -------------------------in o/a upward trend but now on downward leg within trading band ....
finance ----------- -------------in o/a upward trend but now on downward leg
Consumer discretionary ---in o/a upward trend, downward leg is now at bottom of band.
Consumer staples ---------- in o/a upward trend, downward leg is now at bottom of band.
Health ------------------------- still in strong uptrend
Industrials --------------------strong upward trend continues, but now on downward leg within band
information technology --- slight down trend continues
utilities ------------------------ o/a upward trend continues, but on downward leg
property ---------------------- in stong upward trend, downward leg is now at bottom of band
telecommunications -------strong upward movement continues and continues further & further
gold ----------------------------now in downward trend, downward leg is now at bottom of band and looks like continuing
the above assumed trends are based on applying a linear retracement band over a period of 2 months
gk.
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- trends - 4th September
trends - 4th September
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