TimerTrac Broadcast - Market Timers' View of the Market
06/03/2024
TimerTrac Developer Spotlight: PING Strategies |
(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, June 1, 2024 Australia's Market The All-Ords share price index rose by 3.2% from Friday 3rd May to Thursday 16th May, but then fell by 2.2% to Friday 31st May. On short-to-medium-term trend analysis, the All-Ords index is now bearish. Its price momentum as measured by the MACD has been negative for the past 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 bullish on short-to-medium-term trend analysis. Its MACD momentum indicator has been negative for the past three 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 with Gold (GOLD.ax) still in front followed by Finance (OZF.ax) and Property (SLF.ax). Globally, all sectors remain positive with Gold (GOLD.ax) still in front followed by the US Market (IVV.ax) and then Developed Markets outside the USA (IVE.ax). Emerging Markets (IEM) is trailing last and on the verge of negative momentum after a strong recovery previously. |
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