Technical Tuesday - January 30, 2018

publication date: Jan 30, 2018

Cerundolo Investment Research    

Technical Tuesday Update  

Volume 2, Issue 4
January 30, 2018

Download PDF Version here


Items of Interest:

US Markets

European Markets

  • The DAX and Spain's’ IBEX is pulling back to support in an orderly fashion. Uptrends intact.

    Asian Markets

    • Nikkei 225 is within the zone of its MFU-4 target which was generated off the base of 2009—2010. This is a zone to expect a pullback.
    • After achieving the MFU-4 target in November of 2017, the Kospi continues to consolidate in a trading range.

      Emerging Markets

      • In Emerging Markets, the EEM and INP continue to maintain their upward bias. 

      Commodity Markets

      • Crude Oil got within spitting distance of our $67 target which was generated of the July 2016 low. The recent high was $66.66, close enough for us to move to a neutral position.  Please note that this target hit a MFU-3 zone and there is a higher target which we have not published yet but will look to do so once we see the reaction off the recent high.

        Currency Markets

        • As long as the U.S. Dollar index, (DXY) remains below 90, another significant leg down cannot be ruled out.

         

        US Markets (Back to Top)

        (Back to Top)

        (Back to Top)

        (Back to Top)

        (Back to Top)

        (Back to Top)

        (Back to Top)

        (Back to Top)

        (Back to Top)

        European Markets

        (Back to Top)

        (Back to Top)

        (Back to Top)

        (Back to Top)

        (Back to Top)

        Asian Markets  (Back to Top)

        (Back to Top)

        (Back to Top)

        (Back to Top)

        Emerging Markets (Back to Top)

        (Back to Top)

        (Back to Top)

        Commodity Markets (Back to Top)

         

        (Back to Top)

         

         

         

        Currency Markets (Back to Top)

         

         

         

         

         

        (Back to Top)