Europe:

The Sigma Whole Europe Index remains highly vlatile on an intraday basis. We continue to believe the 'abc' pattern is possible (with 'c' to come).

The Sigma Trend Index declined to '-1' but both the Swing and the Power Level were neutral.

United States:

The Sigma Whole Market Index is close to print new highs, both the DJI and the SPX already did it.

The Sigma Trend Index increased from '10' to '15' but it is still far from the key '34' level.

The IBEX was stopped at the lowest point of the session...

- SPX: long at 2107.53 (stop @ 2042, 3pts below the ST model to take into account bid/ask spread)

- NDX: long at 4236.28 (2014's close) (stop @ 4340, 5pts below the ST model to take into account bid/ask spread)

- CAC: stopped

- EuroStoxx50: stopped

- DAX: stopped

- IBEX: stopped

Europe:

The Sigma Whole Europe Index continues to rebound. Action remains volatile but the 'abc' pattern remains valid. We continue to believe recent decline was in 5 waves (and not 3) => wave A.

So current rebound should be in 'abc' => B

And then we should have another 5 waves decline in order to end the correction => C.

The alternative is that recent decline described a complex 3 waves pattern and the correction is already over.

The Sigma Trend Index increased to '2' and both the Swing and the power Level were neutral at '3'.

United States:

The Sigma Whole Market Index is close to the top of its trading channel. Both the S&P500 and the DJI are close to their previous tops.

The Sigma Trend Index rose to '10' and the Swing was at '4, telling us the move was rather impulsive.

The ST model uplifted its stop on the IBEX from 11186 to 11207

- SPX: long at 2107.53 (stop @ 2042, 3pts below the ST model to take into account bid/ask spread)

- NDX: long at 4236.28 (2014's close) (stop @ 4340, 5pts below the ST model to take into account bid/ask spread)

- CAC: stopped

- EuroStoxx50: stopped

- DAX: stopped

- IBEX: theoretical long at 11424.7 (stop @ 11207, 10pts below the ST model to take into account bid/ask spread)

Europe:

The Sigma Whole Europe Index had a wild session on Tuesday but it seems the 'abc' pattern is right on track. Friday rebound was 'a', Monday and Tuesday's pullback was 'b', and the rebound started on Tuesday is the beginning of 'c'.

If this pattern is the right one, we should (at least) reach Friday's summit by Wednesday or Thursday.

The Sigma Trend Index declined in negative territory and the Swing came in at '2'.

The ST model was stopped on all European positions except the IBEX.

The ST model is experiencing its worst year on 3 years. It is clear current market conditions don't fit with this model.

The intraday model seems much more accurate in current environment and we are more and more exposed to this model in our own book.

United States:

The Sigma Whole Market Index printed a nice candle (looks like a reversal day) and this is rather bullish.

Both the Mid Cap Index and the Russell 2000 successfully tested major supports.

The Sigma Trend Index declined to '-2' and both the Swing and the Power Level were neutral at '3'.

- SPX: long at 2107.53 (stop @ 2042, 3pts below the ST model to take into account bid/ask spread)

- NDX: long at 4236.28 (2014's close) (stop @ 4340, 5pts below the ST model to take into account bid/ask spread)

- CAC: stopped

- EuroStoxx50: stopped

- DAX: stopped

- IBEX: theoretical long at 11424.7 (stop @ 11186, 10pts below the ST model to take into account bid/ask spread)

Europe:

The Sigma Whole Europe Index enjoyed a strong bounce back on Friday. Looking at recent decline, we can clearly count a 5 waves pattern. So these 5 waves don't fit with an 'abc' correction. In this context, the recent decline in 5 waves could be the 'a' wave, the current bounce back underway could be the 'b' wave and the 'c' wave (decline) should occur in coming sessions.

The Sigma Trend Index bounced back from '-22' to '-1'. The Swing came in at '4'. So, the ST model generated a new buy signal on European markets.

As the market was very strong on Friday, we didn't implement new positions at Friday's close but we did it this Monday morning around 8.00 CET.

We only implemented 2 long positions (CAC and EStox), other will be reported as theoretical positions.

So, we bought:

- 1 CAC @ 5042.73

- 1 EStoxx @ 3623.29

United States:

The Sigma Whole Market Index enjoyed a strong session on Friday. It is interesting to notice some key indexes are close to print new highs (SP500, DJI) while other indexes are close to major supports (DJT, DJU).

The Sigma Trend Index jumped from '-7' to '13' and the Swing came in at '5' telling us the move was highly impulsive.

- SPX: long at 2107.53 (stop @ 2042, 3pts below the ST model to take into account bid/ask spread)

- NDX: long at 4236.28 (2014's close) (stop @ 4340, 5pts below the ST model to take into account bid/ask spread)

- CAC: long at 5042.73 (stop @ 4958, 5pts below the ST model to take into account bid/ask spread)

- EuroStoxx50: long at 3623.29 (stop @ 3553, 5pts below the ST model to take into account bid/ask spread)

- DAX: theoretical long at 11709.7 (stop @ 11407, 10pts below the ST model to take into account bid/ask spread)

- IBEX: theoretical long at 11424.7 (stop @ 11186, 10pts below the ST model to take into account bid/ask spread)

Europe:

The Sigma Whole Europe Index printed a 'doji' on Wednesday. European volatility continues to rise very fast and some indexes are close (or below) to major supports.

The STI rose a little bite from '-45' to '-35'. Both the Swing and the Power Level were neutral at '3'.

Following the selloff in the first hours of trading in Europe, we were stop on our European positions:

- CAC stopped: -121.9pts

-EStoxx stopped: -96.7pts

Unite States:

The Sigma Whole Market Index declined on Wednesday but current trading range is still in place and it is too early to talk about major change in US trend.

It is interesting to notice the RUT printed a reversal candle and that the MID Cap index is at the bottom end of its ascending trend channel.

The DJT is right on a major support.

The Sigma Trend Index declined from '-23' to '-27', both the Swing and the Power Level were neutral.

- SPX: long at 2107.53 (stop @ 2042, 3pts below the ST model to take into account bid/ask spread)

- NDX: long at 4236.28 (2014's close) (stop @ 4340, 5pts below the ST model to take into account bid/ask spread)

- CAC: stopped

- EuroStoxx50: stopped

- DAX: stopped

- IBEX: stopped