• 20 hours Trump Signs Executive Order To Protect Private Moon Miners
  • 1 day Renters Are Striking As COVID Reshapes Real Estate
  • 2 days Nothing Can Stop The Tesla Boom
  • 2 days 9 Ways The Lockdown Is Playing Out Around The World
  • 3 days WeWork Sues SoftBank For Withdrawing $3 Billion Insider Payoff
  • 3 days Solving Transportation’s Biggest Problem
  • 4 days Big Banks Could Win Big On Fed Small Business Bailout
  • 4 days Trump Increases Pressure On Venezuela
  • 4 days Researchers Create Organic Battery
  • 4 days Gold Is Still A Safe Haven, But Not Very Alluring
  • 5 days China Is Buying Up Billions Of Barrels Of Cheap Crude Oil
  • 5 days Are Gold Stocks Going To Bounce Back?
  • 6 days The Politics Of A Pandemic
  • 7 days What Does CHina’s EV Slowdown Mean For The Battery Metals Sector?
  • 7 days COVID Report Cards Will Brand Businesses Forever
  • 8 days Trump Tweet Sends Oil Soaring 25%
  • 8 days Why The Coronavirus Economic Crash Is Worse Than You Think
  • 9 days Is A Global Currency Necessary?
  • 9 days America Has Shed 500,000 Millionaires Since The Coronavirus Lockdown Began
  • 10 days Trump Wants Another $2 Trillion Economic Intervention
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

Daily Update

Both European equities and US futures had a difficult start on Monday following the disappointing outcome of Doha's conference. Nevertheless, both equity markets were able to bounce back and to close at session's high.


Europe:

The Sigma Whole Europe Index is now close two its March high. We believe this level will act as a resistance area: we can clearly count 5 sub-waves from point 'b?' on the chart. This means current up leg could nearly be over.

Sigma Whole Europe Index


USA:

We can clearly identify a 5 waves pattern starting in mid-February. On top of that, we can also identify 5 sub-waves from '4?'. So, the whole pattern looks complete and a short term reversal is now possible.

Sigma Whole US Index


Conclusion:

Based on our wave count, the whole up leg started in Mid-February looks complete. So, we believe the equity market could face some difficult times in coming sessions. On top of that, we had a couple of negative reactions after some earnings release: Netflix -12%, Illumina -18%, IBM -5%, ...

On a risk/return approach, we believe the NDX is attractive to short at current levels (4570).

 


For those of you interested in our analysis, quant models and trades, you can visit our website (www.sigma-invest.com) for a 'free tour'. You can also subscribe to a 30days free trial (full access). You can also subscribe to our twitter account (@SigmaTradingOsc), it is free and you are updated on our latest view/trades.

 

Back to homepage

Leave a comment

Leave a comment