TimerTrac Broadcast - Market Timers' View of the Market
05/06/2024
Leveraged Momentum |
(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, May 4, 2024 Australia's Market The All-Ords share price index rose 0.8% last week after rising 0.3% the week before. On short-to-medium-term trend analysis, the All-Ords index is bearish. Its price momentum as measured by the MACD has been negative for the past twenty-four trading days. On medium-to-long-term trend analysis, the All-Ords index is still strongly bullish. The All-Ords Coppock (COP) momentum indicator bottomed at the end of December 2022 and thereafter trended up into positive territory where it first wobbled before ascending higher. America's Market America’s S&P500 share index is bearish on short-to-medium-term trend analysis. Its MACD momentum indicator has been negative for the past twenty-five trading days. 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. Sector Analysis Within Australia, all sectors except Resources (QRE) remain positive, but Gold (GOLD.ax) has overtaken Property (SLF.ax) followed by Finance (OZF.ax). Globally, all sectors remain positive though Gold (GOLD.ax) has overtaken the US Market (IVV.ax) followed by Developed Markets outside the USA (IVE.ax). Emerging Markets (IEM) is trailing last though advanced in the last week when all other asset classes retreated. |
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