Technical Tuesday - December 11, 2018

Cerundolo Investment Research    

Technical Tuesday Update  

Volume 2, Issue 41
December 11, 2018

Download Full Report here

Highlights:

US Markets

• The S&P 500, Nasdaq Composite, Russell 2000 and MDY are all at or our Money Flow Unit targets or MOB and Ellipse support levels.  On a short-term basis, we would be long all these indices with a stop at the recent lows.  In the coming days we will evaluate and calculate the upside potential for these indices and will send out a note when done.

European Markets

• The DAX was just –1.75% shy of our MFU-4 target and we are now neutral.  The CAC has achieved its MFU-3 target and we are covering our short and going long.  Spain’s IBEX has a double bottom at the recent MFU-2 target and we would cover shorts for a short-term trade.