19/01/2013

All things considered from the charts today.

DOW, SP500, FTSE and DAX are close to the all time high. The 2007 tops could be very difficult to take out, especially the double tops, SP500 and DAX for instance. This is not a private investors market but the professional day traders. The biggest threat are the top formations of the 10 year bonds. A sudden drop I believe will stop the stock markets uptrend. Oil, gold and silver shows stability for the other markets and the euro and the yen are moving on upside making the dollar cheaper with normal movements. For the next few months the markets seems to continue a calmed down movement in current trends. US and European trouble from 2012 are gone for now.

No comments:

Post a Comment