Sunday, 16 March 2014

Markets warning of another pullback into end of March


All markets headed south last week with the Global stock index down 2.4%.

SP500 needs to close above 1850 this week for the Bulls. Bears will be looking for a move down to 1800

FTSE  needs to close above 6600 for the Bulls. More likely the market will test 6400 and Bears will target 6000 by start of April.

DAX needs to close above 9200, more likely it will test 200ema (8800).

Japan is now heading south with a dramatic 6% loss last week. Continued weakness into the summer could see N255 retest 12500


Gold broke above $1350. Look for Gold to trade between $1350-$1400 this week.

Sector Fund Price Daily
Stop
Weekly
Stop
Target When
USASP500 1841 1853 1839 1825 21 Mar
UKFTSE 6528 6555 6600 6400 21 Mar
EuropeDAX 9056 9200 9380 8800 21 Mar
JapanN225 14327 14750 15000 14000 21 Mar
CommGold 1382 1360 1350 1425 03 Apr

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