I wrote my first article about the German DAX stock index back on the 21st Aug. As with the S&P500 and DJIA I have calculated a potential bullish target for the DAX but I’m now pondering the chance of a deeper pull back before this bullish target might be attempted.

Irrespective of fundamental events, the S&P500 was due a pull back. The index had rallied, essentially unabated, for almost 2 years! Actually, for 22 months to be precise; from Nov 2012 to Sept 2014.

The two main Aussie stock market indices are the XAO (All Ordinaries) and the XJO (S&P: ASX 200). The XAO is currently printing its seventh consecutive bearish week and the XJO is printing its sixth out of the last seven.

October isn’t generally a good month for stocks. The US ‘small cap’ index of the Russell 2000 is often regarded as the proverbial ‘canary in the coal mine’ and has been giving some warning signals over recent sessions. One wonders if it might be about to fall off its perch!

Thurs 2nd Oct US Stocks have made a bad start to the month and, in doing so, have triggered a few warning signals that can’t be ignored. There seems to be some ‘Flight to Safety’ movement out of stocks and into bonds as well. As always, ‘One Swallow Does not a Summer Make’ so, look for weekly […]