Weekly Technical Analysis – “Cannot Rule Out A Final Overshoot Towards 1860″ 21 Jan14
Jan 21, 2014
I’m afraid I’m traveling at present so I’m unable to make the usual comments on the Swiss team’s latest report. I know many speculators and investors follow their comments and analysis religiously so I release the report without comment for the moment.
Having said this, very briefly I add, we starting to drift here and the FX moves, rather than fixed income moves are starting to impact the US$ carry trade due to the recent dollar strength. I get a strong sense we are inside a medium term distributive top here subject to policy action as always. (Some Euro sectors are on fire to the upside and have excellent price technical charts, albeit they are heavily over bought on the near term). Multi index breadth, sector internal issues, sentiment and price I’ll come back in the next 48hrs to update this and try and cover some instruments as well. The usual multi market institutional reports and fx as usual to also follow.
Without more delay here their latest report released a few hours ago:
All the best
out of 5)
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