Monday, 14 April 2014

Markets heading into a new low this week.



SP500 needs to close above 1840 this week for the Bulls.
Bears will be looking for a move and close below 1800.


FTSE  needs to close above 6600 for the Bulls.
Bears will look to test 6500 in April..

DAX needs to close above 9400, more likely it will test 200ema (9000)

Japan is now heading south with continued weakness. Bears could see 13750.


Look for Gold to trade between $1290-$1340 this week.

Sector Fund Price Daily
Stop
Weekly
Stop
Target When
USASP500 1815 1835 1872 1815 15 Apr
UKFTSE 6562 6600 6700 6500 15 Apr
EuropeDAX 9320 9200 9400 9200 15 Apr
JapanN225 13960 14200 14500 13900 15 Apr
CommGold 1318 1315 1300 1400 30 Apr

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