Reuters Market Technical Analysis

Thank You. ! Earlier you were on other link of Reuters. Thanks a lot you have come back. I am a student of Technical analysis and your charts gives great help. Thanks again. You may close this comment section sooner or later cos you will need moderator.

Hi Khatte, I’m glad you find the site useful. I’ll keep the comment section open as long as I can and as you rightly guess I have limited time. But I’ll do my best to keep it going for now.

Hi Smith, hope u over come your technicall problem buy Monday and back into game. , Bcoz we people all arewaiting for you in ground with Jabulani and u Rafaree not in ground.

Hello,

I just started following your posts and appreciate you sharing your experience and insight. On another note, I like the crisp appearance of you charts and wonder what software platform you prefer.

Regards,

Nate

Hi Nate, I use MetaStock which is a Reuters product. I copy the image as a PNG file which are small but give high definition. I’m glad you find the site useful. Phil

Hi yes back to normal now. I’m glad you find the site useful. Phil

Thanks Phil. I will check out the software.

I enjoyed the post illustrating the head and shoulders pattern. I look forward to see how it all unfolds!

Yes a lot of people are looking at this major reversal pattern although I have to say the utimate target is long way down as it is such a high pattern. It will indeed be interesting to see how it unfolds.

Dear Phil,

Your comments are useful with regard to market trends. People are talking about decoupling of emerging markets with developed markets in terrms markets performance. Do you belive the same.

Dr.Sastry

Hi there, over the years this argument has come and gone. From way before the Asia crisis emerging and developed markets were supposed to be decoupling and we are in another cycle of the same kind of arguments. Bottom line is that the longer term economic interdependencies mean markets will always be linked but at times less linked than at others. After 2008 we are currently getting to the part of the cycle were decoupling is happening to some extent. Of the developed economies the U.S. and Eurozone alone make up 50 pct of the world’s economy so there is always bound to be a link between the respective markets. This is why I like to look at the ebb and flow of correlations and why I include these charts daily. At the moment some of the correlations are coming down but they have been quite volatile if you look at the charts. If you play around with the day or week count on a correlation charts you can pinpoint exactly what is happening to the correlation at any given time. At the moment the short term correlations have certainly come down and there are signs that the longer term correlations for some of the developing markets are starting to come down.

Thanks for very intuitive and elaborate analysis. One more question if i am not troubling you? Are volatilities in individual markets correlated with global peers if not their performance?

Hi, yes this tends to happen in terms of volatility, if the short term correltion is high, but generlly only at times of major turning points. If you look at close to close volatiltiy for Wall Street as the market turned in March last year it spiked up dramatically and other markets with the same turning point had similar spikes in volatiilty. While we are on the subject of volatility it is worth watching if you believe the market is about to reverse. Volatility will generally spike higher when the market is turning.

Hi Phil,

I recently joined the Reuters Insider and found your technicals website in your video today on Oil prices. I find your blog interesting and your analysis very similar to mine.

The NSE does the larger volume in India and the Nifty is now our “gold standard”. CNBC-TV18 focuses on the NSE/Nifty. It’ll be nice to see your India related chart analysis on the Nifty. Do consider it.

Is there any way I can share my technicals for you to review? I do India-Only work.

Thanks for the updates. Will be sure to follow you here on.

Hi Hi, yes I’ve started linking through to the site from the TV segments. Now I need to find a way of linking to the TV segments from the site. It’s odd as I’ve been meaning to switch from the SENSEX to the Nifty for a while now and I think your prompting might just make it happen. If you click on Reuters Market Technicals on the front page would can send me some of your analysis.

sir in india i say goodmorning but in china it is good afternoon.u enlighten us daily through technicals,but we fail to know ur views about economy ‘s of eourope,floods in pakistan,china & droght condition in russia.how it will effect food articles.pakistan agriculture is completly washed out & this affect,wheat,cotton & sugar,russia drought also effect wheat production.a big producer whose shares are 8% of total production in world mkt .u have just come from holiday & certainly ur friends & family has shared their views.all this give u more broader picture. i hope in coming days we will get soming to read ur views.
plese advise me where ur article are on site intially it is on indian sight,
please accept my thanks & best wishes.

Hi Pankaj, wow that’s quite a list. I’m sorry but to get that sort of information you must get hold of some fundamental analysis. What I do is purely based on technicals and it’s important to put the two together to make trading decisions. Technicals are only part of the picture. Keeping this site up is not my full time job and I really can’t, and indeed are not allowed by my company, to give fundamental analysis. So the best you can do is to maybe look at our news Reuters News websites for the stories you mentioned and there you will find at least some of the analysis you are looking for.

Wheat prices
The above link takes you to an analysis of the wheat price rise as it affects the major food groups. There are a lot more if you search around the Reuters site. Good luck and happy hunting.

Reuters India
You might also look at the India website which has a lot of business news and analysis specific to India