Sunday, 23 March 2014

SP500 and DAX show strength....FTSE and N255 still on SELL signal


Only the US markets are showing any strength. 

DAX, FTSE and N255 still waiting for a weekly BUY trigger.

SP500 needs to close above 1880 this week for the Bulls.
Bears will be looking for a move and close below 1850.

FTSE  needs to close above 6600 for the Bulls.
Bears will look to test 6400 in April..

DAX needs to close above 9400, more likely it will test 200ema (8850) by 10 April

Japan is now heading south with continued weakness. Bears could see 12500.


Gold sold off following Fed minutes on 19 March.
Look for Gold to trade between $1320-$1360 this week.

Sector Fund Price Daily
Stop
Weekly
Stop
Target When
USASP500 1866 1855 1850 1880 28 Mar
UKFTSE 6557 6580 6600 6400 11 Apr
EuropeDAX 9320 9200 9400 9600 11 Apr
JapanN225 14224 14600 15000 14000 11 Apr
CommGold 1334 1360 1383 1400 25 Apr

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