Last week: LT Monthly and MT Weekly technically look like they need an extension into an overbought MT situation. This could develop with and without price movement of course and with a bullish diverging ST Daily vs Weekly and Monthly the risk of staying fully invested is small. No Change

Last week: The Euro is now struggling against the USD for a whole month. At the same time the Long Term Monthly risk weight is ready to turn up from a clear oversold level. No Change to maintain 100% long dollar transaction exposures covered. If we now see the Short Term Daily becoming low risk there will be a LT opportunity to take a speculative short dollar position against the Euro and any other major currency.

Last week: Our analysis of last week expecting a slightly weaker CHF is still the dominant technical picture. If the Weekly time frame starts turning down as a result of a more rapid slide of the US Dollar, the Long Term Monthly may also turn back down again. In our view it be a matter of time before the USD makes a first dive into a fresh Long Term downtrend which could last many years as it always has in previous decades. No Change

Last week: The Short term Daily risk weight is overbought and turning down. It means Cable is likely to pause it recent uptrend and fresh cover can be delayed until the divergence between Daily and Long Term Monthly is reduced. Cable basic rally confirms the potential Long Term weakness of the Greenback. No Change

Last week: For 2 months the USD index has been trying to drive higher alternating up and down weeks. This story is definitely ending and the risk picture looks of course very similar to that of the USD vs other major currencies. No Change to stay with a fully covered long dollar risk

Last week: GBP/Euro has now advanced 7% from the recent August lows. It looks like a longer trend that appears to have been set in motion 6 weeks ago and we would look for a Short Term risk weight to price bearish divergence before allowing a lighter hedge of short Sterling exposure versus Euro. No Change for now.

Last week: This high spec bitcoin seems to have lost some market interest of late with much lower price volatility in a much narrower price range. As always we stay out of this market until it matures into a higher liquid less manipulative commodity

Remaining 'opening up' gap still to fill at 2828. We exclude weekend action to determine opening gaps as major players are not participating in size.
If this market is poised to turn from extremely overbought (Dec 2017) to completely oversold, it doesn't appear to be finished.

Last week: We have never before seen a market that has looked to tired for such a very long time and technically we have seen many Long Term and Medium Term bearish divergence signals and the index always recovered to generate a fresh divergence at new highs. For now we have NOT seen a new high in the Dow whilst risk weight remains high. This index remains poor risk as an investment. No Change

Last week: Logically, as usual, the S&P shows a similar risk picture and this index covering many more companies is actually looking higher risk technically with LT and MT risk weight leaning towards an earlier turn down. The best outlook for fresh investment is one of huge patience and a much much lower price level. Individual promising start ups is another matter of course. No allocation to the Standard and Poor index, hence No Change

Last week: We have experience a positive influence of drones on our 50% investment allocation two weeks back. We commented interim on exiting the position with a nice opportunity profit last Monday and we are now looking to possibly re-enter upon a near gap fill in the Daily time frame. Brent would need to drop to very near 60.22 in order to make that happen. History learns that gaps tend to being filled and usually fairly quickly. With that risk in mind we follow this market with great interest