Sunday, 29 December 2013

The Year End Waltz by Wall Street, limping into January 2014

 

Wall Street: the ultimate summit will take place in May 2014 near 17000

for January sales season: bears will settle for a modest target of 15800-15900, then bounce up make a new high near 16800 in February, then down for 2 months, the end of Tax Year rally into May 2014 to create the ultimate historical summit for this mother of all bull markets on stocks



 

Monday, 2 December 2013

the bulls have not given up the hope to finish December on a higher high

There is yet some imperfection on FTSE100 yearly, needing to lick 7000, so maybe time for a bounce from here.









 

Sunday, 1 December 2013

the telltale signs of a Santa tumble of the global stock markets

Currently, there are some telltale signs of a Santa tumble of the global stock markets, such as the following:

1. first bearish crossing on Daily MACD on Dow:



2. FTSE has been leading the bears for a while now:


3. a sharp bearish crossing on DAX also


 

Western Stock Markets are set for a Santa tumble in December 2013

I have been following this bull market for a long time now.  We all know this is the final year in the 5-year bull cycle and this marks a summit for the whole bull run from a historical perspective as we have been making new highs on various indices.

It is not easy to predict when this market is going to turn.  I suspect an imminent test of the bulls' resolve in December 2013.