أشرف العايدي على سي ان بي سي عربية -- 24 اكتوبر 2012

Oct 24, 2012 16:08

Ashraf points out Euro markets (FX & bonds) are showing the opposite behaviour from earlier this summer, being the last to sell-off during risk aversion, while back in May-July, euro FX & bonds were the last to stabilize during rallying equity markets. 1.2940 trendline continues to hold as far as the NY close and 1680s and 30.80 are the support levels for gold and silver respectively. Metals will continue to outperform energy. Also mention word of the Aussie starting to outperform the Canadian dollar as the latter is weighed down by the BoC warnings and Canada's govt rejection of the Malaysian-owned Petronas' takeover bid of Progress Energy Resources.

Latest IMT - Mar 31

10 Pct Limit

The S&P500 index, the most widely followed index in the world (in terms of benchmarks) has now fallen exactly 10% from its record high. Major markets such as S&P500, EURUSD, XAUUSD, oil etc are widely scrutinized when their drawdowns reach high profile figures such as 10%,15% and 20%. At these points, algos and automated buy programs are alerted and even triggered. Similar action when these markets reach high profile moving averages such as 55, 100 and 200. In today's case, today's SPX 10% decline coincides with the 55-DMA. Note in the drawdown charts below, what happened when SPX drawdown reached the 10% level. The most likely scenario (according to multi-year cycle averages), indices will have a positive April before resuming fresh downside ahead.

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Latest Hot-Chart - Mar 30

Patterns on Fridays & Mondays Since the start of the war on Iran, the pattern of falling Fridays in US equity indices has become obvious. Will the pattern ends this week. View Hot-Chart..

Intermarket Analytics

21-yr Intermarket Charts - 7 indices 11 currencies 14 commodities Chart

21-yr Intermarket Charts - 7 indices 11 currencies 14 commodities Interactive charting by instrument, chronological and alphabetical order. This enables organizing each individual commodity, currency or equity index' performance by magnitude or chronological order. View..