PEI= Positive exceptional information

NEI= Negative exceptional information

TAM= Technical Analysis Management tools

Long term basis: not yet bullish

On a yearly basis, the status for our stochastic is overbought. With our 7 / 23 years moving averages, a bearish B type crossover will develop before 2014.  As long as MY (end of period) proves to be a support, the recovery could continue. Next supports are 2003 low and LY.

On a quarterly basis, LQ / UQ spread is maximal. MQ is our next objective. Above MQ, UQ is our next objective.

On a monthly basis, Bollinger bands spread is minimal. With the quarterly trend, as long as MM proves to be a support, UM is our maximal target. With a close below MM, May 2010 low is our first objective and LM is the next one.

Idea: bullish with a close above MQ

Bet: focus on LM trend: without a bearish trend, MQ = resistance.

R = UM (4067, at the close), MQ (4380);    S = MM (3719), May 2010 low (3287), LM (3370), 2003 low (2401)

 

Medium term: higher

On a weekly basis, Bollinger bands spread is minimal with a NEI. A PEI is in progress with our  7 / 23 weeks moving averages. The rise in progress will continue as long as our MACD is not overbought.

Idea:  nothing to do

Bet: rise in progress.

 

R = UM (4067, at the close);               S= MW (3853), LW (3668)

 

Short term: higher

On a daily basis, without PEI on daily TAM, no bull trend could develop. As long as MD proves to be a support, a decline is only a technical move.

Idea: towards LD if MD fails as a support

Bet: nothing to do.

R = UD (4123);     S= MD (3985), LD (3848)

 

Conclusion: US indices are stronger than CAC 40.