Switzerland's benchmarket stock index has unwound all its pandemic-induced declines to hit a fresh record high in the last couple of days.
A new taste from investors for value stocks outside the US has contributed to the strong performance.
If the breakout holds, it suggests new bullish phase for Swiss blue chips
The rally in world equity markets is starting to look just a bit more than a rally to my way of thinking. Here the Swiss equity market index has almost touched the 61.8 fib retracement of the recent decline. Does it have another leg lower t touch the out limit of the pitchfork or just a correction before continuing higher to complete a 5th wave? Or do we need to...
As I go through some indexes on a Sunday evening some bearish patterns seem to leap off the charts at me. Maybe I have been reading too much bad news in the press as these patterns would suggest some pretty cataclysmic moves going forwards. Maybe however, the optimists will win out again so I have included a more bullish count in the hope that I will be wrong.
Please tell me if I'm wrong as I'm shaky on technical patterns but is that 2 cup and handle patterns for the SSMI? It's pretty obvious that it may well come up against some massive resistance sooner rather than later but if it can break that resistance......... Interesting times.