STOCK MARKETS
SP500 closed above 1665 and DAX above 8300 to give a weekly Buy signal.
Look for SP500 to trade 1650-1700 and FTSE 6540-6640 in the 3rd week of September.
Long term I'm looking to Buy the FTSE in 5800-6000 region. Bear market trigger is Weekly close below 5800. Bull market would be another close above 6500 with a target 7200 by March 2014.
GOLD $1327
Gold hit resistance near $1450. Pullback has fallen below $1350. It took Gold 6 months from Nov 2010 to April 2011 to break above $1450. Trade range $1300-1350 next week.
OIL $109
A weekly close above $115 would trigger a move up to the 2008 high near $150 and send the World into another recession in 2014. Syria military strike by the USA in September may be the trigger.
SP500 closed above 1665 and DAX above 8300 to give a weekly Buy signal.
Look for SP500 to trade 1650-1700 and FTSE 6540-6640 in the 3rd week of September.
Long term I'm looking to Buy the FTSE in 5800-6000 region. Bear market trigger is Weekly close below 5800. Bull market would be another close above 6500 with a target 7200 by March 2014.
GOLD $1327
Gold hit resistance near $1450. Pullback has fallen below $1350. It took Gold 6 months from Nov 2010 to April 2011 to break above $1450. Trade range $1300-1350 next week.
OIL $109
A weekly close above $115 would trigger a move up to the 2008 high near $150 and send the World into another recession in 2014. Syria military strike by the USA in September may be the trigger.
| Sector | High | Low | Weekly | Price | When | 50ema |
|---|---|---|---|---|---|---|
| UK FTSE | 6606 | 6509 | Buy | 6502 | 06 Sep | 6540 |
| USA SP500 | 1690 | 1657 | Buy | 1665 | 13 Sep | 1672 |
| DAX | 8518 | 8247 | Buy | 8246 | 13 Sep | 8297 |
| China HSI | 23120 | 22680 | Buy | 22116 | 06 Sep | 21922 |
| India BSE | 20055 | 19445 | Buy | 18728 | 06 Sep | 19211 |
| Japan NIK | 14561 | 14117 | Buy | 13772 | 06 Sep | 14046 |
| AORD | 5247 | 5144 | Buy | 5075 | 16 Aug | 5059 |
| GOLD | 1395 | 1305 | Sell | 1400 | 06 Sep | 1333 |
| Oil | 110.5 | 106.4 | Buy | 106 | 16 Aug | 106.5 |
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