TimerTrac Broadcast - Market Timers' View of the Market
04/01/2024
TimerTrac Developer Spotlight: d-Orbital |
(March 4, 2024) March 2, 2024) (February 20, 2024) (December 29, 2023)
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Developer Information |
Trade History |
Performance Graph |
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Saturday, March 30, 2024 Australia's Market The All-Ords share price index increased 1.6% last week (before ASX Good Friday closure) after rising 2.3% the week before. On short-to-medium-term trend analysis, the All-Ords index is bullish. Its price momentum as measured by the MACD has been negative for the past nine trading days, though less so since last Monday. 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 moderately positive. America's Market America’s S&P500 share index continues to be bullish on short-to-medium-term trend analysis. Its MACD momentum indicator went positive in the last fortnight. The S&P 500 index’s medium-to-long-term trend went bullish on 14 April 2023. The S&P 500 Coppock (COP) momentum indicator turned up at the end of March 2023 and thereafter has continued rising and is strongly positive which confirms that the previous US bear market is well and truly over. Sector Analysis Within Australia, all sectors except Resources (QRE) remain positive, but Property (SLF.ax) has overtaken Finance (OZF.ax) followed by Gold (GOLD.ax). Globally, all sectors remain positive with the US Market (IVV.ax) still strongly in front. For second place, Gold (GOLD.ax) has overtaken Developed Markets outside the USA (IVE.ax). Emerging Markets (IEM) is trailing last though continues to become more positive. |
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