STOCK MARKETS
Look for SP500 to trade 1680-1720 and FTSE 6555-6685 in the last 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 $1332
Gold hit resistance near $1450. Pullback has fallen below $1300. It took Gold 6 months from Nov 2010 to April 2011 to break above $1450. Trade range $1275-1350 next week.
OIL $105
Weekly close above $107 triggered a Sell signal. Trade range $102-106 next week.
Look for SP500 to trade 1680-1720 and FTSE 6555-6685 in the last 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 $1332
Gold hit resistance near $1450. Pullback has fallen below $1300. It took Gold 6 months from Nov 2010 to April 2011 to break above $1450. Trade range $1275-1350 next week.
OIL $105
Weekly close above $107 triggered a Sell signal. Trade range $102-106 next week.
| Sector | High | Low | Weekly | Price | When | 50ema |
|---|---|---|---|---|---|---|
| UK FTSE | 6660 | 6532 | Buy | 6502 | 06 Sep | 6540 |
| USA SP500 | 1730 | 1692 | Buy | 1665 | 13 Sep | 1678 |
| DAX | 8770 | 8578 | Buy | 8246 | 13 Sep | 8352 |
| China HSI | 23554 | 23080 | Buy | 22116 | 06 Sep | 22165 |
| India BSE | 20740 | 19596 | Buy | 18728 | 06 Sep | 19283 |
| Japan NIK | 14816 | 14311 | Buy | 13772 | 06 Sep | 14067 |
| AORD | 5292 | 5215 | Buy | 5075 | 16 Aug | 5008 |
| GOLD | 1375 | 1291 | Sell | 1400 | 06 Sep | 1342 |
| Oil | 109 | 104.5 | Sell | 107 | 20 Sep | 106.7 |
Hi Sparky. Greetings. I have just returned to trading and pleased to see your site. Please could you say why you have put FTSE as a sell. I don't see any of the signals you would normally use. Thanks. Pete
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