NYSE

IHG

Looks like a top pattern,neckline yet to break

GSK

well any UK fund manager who is overweight Glaxo should be happy !

Tesco bottom ?

I hadn't looked at this chart for a while.....looks like a classic capitulation bottom ......finally :-)

 yearly pivot points - Jeff York

http://www.seeitmarket.com/2016-yearly-pivot-points-for-stock-markets-and-commodities-trading-15228/

Gold

Ftse...short term the market broke out of the wedge in the chart shown previously.It will be interesting to seeif we can reach the 6040-5 resistance level

Gold is close to its 50 % retracement level at 1119....if stock indices can rally from here we should see gold retreat

Dax

this bounce may well run further but when it is over I suspect there is more downside to this leg

RRS

Breakout from wedge pattern .....interetsing that Randgold is outperforming other gold miners (and Fresnillo)
Maybe sterling weakness has something to do with it ?

bull pennant ? (15 min chart )

triple bottom....weekly chart ?

March is usually an importat month for the Dax .This year it will mark a 7 year cycle off the low
This is NOT a forecast just an off the cuff suggestion which will most likely be wrong :-)

http://www.telegraph.co.uk/finance/financetopics/davos/12108569/World-faces-wave-of-epic-debt-defaults-fears-central-bank-veteran.html

"Mr White said Europe's creditors are likely to face some of the biggest haircuts. European banks have already admitted to $1 trillion of non-performing loans: they are heavily exposed to emerging markets and are almost certainly rolling over further bad debts that have never been disclosed.
The European banking system may have to be recapitalized on a scale yet unimagined, and new "bail-in" rules mean that any deposit holder above the guarantee of €100,000 will have to help pay for it.
The warnings have special resonance since Mr White was one of the very few voices in the central banking fraternity who stated loudly and clearly between 2005 and 2008 that Western finance was riding for a fall, and that the global economy was susceptible to a violent crisis.
Mr White said stimulus from quantitative easing and zero rates by the big central banks after the Lehman crisis leaked out across east Asia and emerging markets, stoking credit bubbles and a surge in dollar borrowing that was hard to control in a world of free capital flows.
The result is that these countries have now been drawn into the morass as well. Combined public and private debt has surged to all-time highs to 185pc of GDP in emerging markets and to 265pc of GDP in the OECD club, both up by 35 percentage points since the top of the last credit cycle in 2007."

overnight fall takes Dax to lower Bollinger line in yesterdays chart,which coincides with 2 previous daily lows area and a 1.618 extension of the first leg from 11431 to 10121

Two 4 hr charts....a bull flag in gold and a bear flag in the Dax ?  I'm still wary of a sharp reversal in the stock indices but not really feeling it yet....meanwhile that lower BB line seems like possible support

again 1080 stands out as important support

closing back above the lower horizontal line in the Dax would be bullish

Thanks to Wile for this excellent link

https://www.youtube.com/watch?v=kgig1QVU2lY

Abby Martin interviews retired U.S. Army Colonel Lawrence Wilkerson, former national security advisor to the Reagan administration, who spent years as an assistant to Secretary of State Colin Powell during both Bush administrations. Today, he is honest about the unfixable corruption inside the establishment and the corporate interests driving foreign policy.

Hear a rare insider's view of what interests are behind U.S. wars, the manipulation of intelligence, the intertwining of the military and corporate world, and why the U.S. Empire is doomed.

http://www.peakprosperity.com/blog/96307/deflation-monster-has-arrived

FTSE

 
if we reverse here watch for another ABC pattern

576 is 4 times 144

Dax

like the SPX there could be a triple bottom but there is additional evidence that we could bounce from the declining wedge and the measured move

a possible triple bottom if it reverses here.....Joanne Klein's comment from her chartsite

from Jesse's Cafe Americain blog

"Price discovery is not a sexy function of markets, but it is critical to the efficient allocation of scarce capital and resources, and to the preservation of the long term wealth of investors and the economy as a whole. If price discovery is compromised by manipulation, then we will all be gradually impoverished and the economy will be imbalanced and unstable."

London Banker, Lies, Damn Lies, and Libor


"Delivery takes on a note of finality, of a reckoning, when the available supply has become rehypothecated into little more than a digital entry and a state of mind. The unanswered call for delivery begins the final lifting of the veil."

Jesse

this is interesting,and also that 576 is 4 x144,so could we bounce from here ?

corrective rallies ?

Ftse rallying off support around 5840

I ran this chart at the weekend and if correct we would be looking for a correction to the wave 3

Dax last night also showed a possible bottoming pattern within the downtrend

http://www.gann.co.uk/free-gann-lesson-3.htm

"What message was the market sending in 2015? To me, it was playing out an epic tug-of-war battle between the inflationary effects of the Fed's 'stimulus' machinery and the growing deflationary forces as reflected in falling commodity prices. This battle is entirely expected in an ending drama of a super-long bull market that really started after WWII when central banks started throwing their weight around.

Pundits are bullish – but I still think tech’s in a bubble

At this time of the year, the MSM is full of pundits prognosticating about 2016 – and I note that many are quite bullish on the global economy, and especially Europe. Most are even bullish on the US tech leaders, the famous FANG stocks (Facebook, Amazon, Netflix and Google), which buoyed the indexes last year.

But as a warning that the economy is not the stock market, recall that in the 1990s bubble, the 12 leading tech shares lead by Microsoft, Dell, Cisco and Intel, saw their valuation balloon from $900 billion to $4 trillion in the four years to the 2000 top. They then collapsed to less than $900 billion in the next decade – all the while their sales and revenues continued to grow! The tech economy was up, yet stocks went down. Let that be a lesson to investors and traders alike."

John Burford (MoneyWeek Trader) 

http://moneyweek.com/spread-betting/2016-already-looks-good-for-traders/

Joanne Klein's simple long-term ema indicator turned bearish (this can be monitored on her public list at Stockcharts)

weekly candle on Vix was bullish (bullish volatility)

Ftse

http://www.washingtonsblog.com/2016/01/americas-corrupt-press-destroying-country.html

 "Even the formerly honest British newspaper, the Guardian, was taken over by the aristocracy in recent years and now derives its income from distorting and falsifying the reality about that, instead of by honest reporting. Even the Guardian  has become untrustworthy."

"Western ‘democracy’ is only in the past tense. Imperfect as it was, it’s gone now. The only remaining vestige of it is a ceaseless ongoing PR campaign. How long will the Western publics continue to believe it?"

Cocoa breakdown

wow !.....cocoa broke 3000

Gold

interesting video from Gary Savage

https://www.youtube.com/watch?v=MdiTeNfh3FA

Ftse

a 4th measured move ?  (weekend chart)

also confluence here (again this chart does not include today's price action

Dax

Cocoa

http://wolfstreet.com/2016/01/02/the-risks-of-the-war-on-cash/

Ftse250

The Ftse250 has been a much better performer than its larger cousin,the Ftse100,which has more exposure to mining and oil,and less growth stock exposure. Can we now count a completed 5 wave bull market,finished on June 3rd last year at 18393 ?

Gann enthusisasts will notice  how if you take 12000 as the 2007 high and add 50% you get 18000 for a possible 8 year high-high cycle,with an intervening 4 year high in 2011

cocoa