TimerTrac Broadcast - Market Timers' View of the Market
02/05/2024
Scarecrow Trading |
(December 29, 2023) (October 29, 2023) (October 2, 2023) (October 1, 2023) |
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Developer Information |
Trade History |
Performance Graph |
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Saturday, February 3, 2024 Australia's Market The All-Ords share price index rose by 1.9% over the last week, notwithstanding a sharp hiccup on Thursday following the US Federal Reserve Chair dashing markets expectations that the official cash rate might be cut early rather than later. On short-to-medium-term trend analysis, the All-Ords index is bullish. Its price momentum as measured by the MACD oscillator went positive last week after being negative for the previous three weeks. On medium-to-long-term trend analysis, the All-Ords index is bullish. The All-Ords Coppock (COP) momentum indicator bottomed at the end of December 2022 and thereafter trended up into positive territory where it has wobbled, but still stayed modestly positive. America's Market America’s S&P500 share index continues to be bullish on short-to-medium-term trend analysis. Also, its MACD momentum indicator has been positive for the last nine trading days suggesting that Wall Street has regained its mojo. The S&P 500 index’s medium-to-long-term trend went bullish on 14 April 2023. It became more bullish after its 10.3% correction in August to October 2023. The S&P 500 Coppock (COP) momentum indicator turned up at the end of March and thereafter has continued rising and is strongly positive which confirms that the previous US bear market is well and truly over. |
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Friday, February 2, 2024 Gold Market ST (Bullish) Our Teabull Gold Market ST Oscillator is located slightly above its TBX index. Thus, as of the close of trade on February 2/24 we are on a Short-Term "Bullish" signal for major US Gold Miner Indexes. Bond Market ST (Bullish) Our Teabull Bond Market ST Oscillator is located slightly above its TBX index. Thus, as of the close of trade on February 2/24 we are on a Short-Term "Bullish" signal for major US Government Bond Indexes. Stock Market ST (Bearish) Our Teabull Stock Market ST Oscillator is located slightly below its TBX index. Thus, as of the close of trade on February 2/24 we are on a Short-Term "Bearish" signal for major US Stock Indexes. |
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