TimerTrac Broadcast - Market Timers' View of the Market
07/03/2024
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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Sunday, June 23, 2024 Australia's Market The Australian All-Ords index rose 8.3% over the financial year ending today. On short-to-medium-term trend analysis, the All-Ords index went bearish and then back to bullish a fortnight ago. Its price momentum as measured by the MACD has been slightly positive for the past four seven days. On medium-to-long-term trend analysis, the All-Ords index remains 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 positive for the past eleven trading days. The S&P 500 index’s medium-to-long-term trend remains bullish notwithstanding its temporary pullback in April 2024. The S&P 500 Coppock (COP) momentum indicator 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 with Property (SLF.ax) slightly overtaking Gold (GOLD.ax) as the front runner with Finance (OZF.ax) in third position. Globally, all sectors remain positive with the US Market (IVV.ax) overtaking Gold (GOLD.ax) followed by Developed Markets outside the USA (IVE.ax). Emerging Markets (IEM) has gone positive but is still trailing the developed markets. |
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