Managing Director, MTS Research

Peter Beuttell

Managing Director

MTS Research

MTS Research Limited is an independent investment research company specialising in technical analysis. 

MTS Research provides technical analysis services in the form of regular publications and consultancy advice, catering for a number of different investment approaches from absolute or relative returns to long-only and long/short.  The company has a global client base of blue-chip financial institutions ranging in size and stretching from Los Angeles to Tokyo, via New York, London, Frankfurt and Hong Kong.  

MTS was founded in 1989 at the request of Morgan Grenfell Investment Services Limited (MGIS), the ERISA arm of Morgan Grenfell Asset Management (subsequently Deutsche Asset Management), by Peter Beuttell, a Portfolio Manager at MGIS between 1987 and 1989. 

Peter is a qualified Chartered Accountant and self-taught market technician with over 30 years experience.  At MGIS, Peter managed money in European, Australasian and Far East markets for US clients, such as American Airlines and American Petrofina.  He achieved first quartile perfomance on their behalf by blending fundamental and technical analysis in his investment decision-making.  

After an initial focus on the EAFE markets (Europe, Australasia and Far East), the company has recently expanded its coverage to include the Americas, thanks to the recently-completed two-year Knowledge Transfer Partnership with the University of Plymouth.  The resulting software – the Technical Overlay Program (TOP) – allows fund managers to access an immediate Technical view on any market, sector, stock, bond yield, currency or commodity within their selected universe.

MTS Research consists of a team of five based in Penzance and London. 

Technical Analysis

Nasdaq-100 Stock Index / Technical Analysis

The NASDAQ bull market actually began in Q3 2002, since it did not make a new low in 2009 along with the S&amp;P.  The pattern off that 2002 low now counts as a 5-wave bull market which is in its very late stages, and NASDAQ 100 hit a major target on Friday at 6,642, leaving final objectives at 6,737-6,756, so all classic/textbook levels have been achieved, or close.  Measures of internal strength have dropped to zones which coincided with the 2007, 2011 and 2015 topping zones.Market tops tend to be lengthy affairs, and top-building usually brings increased volatility.  If that volatility produces a 5-wave decline in NDX below 6,230, we would regard that as an initial signal of the onset of a major trend change. The coming bear market should carry back to the NDX 3,787-4,180 support zone as a minimum, but it is too early to say whether it will be over by next year, or stretch out into 2021.

The NASDAQ bull market actually began in Q3 2002, since it did not make a new low in 2009 along with the S&amp;P.  The pattern off that 2002 low now counts as a 5-wave bull market which is in its very late stages, and NASDAQ 100 hit a major target on Friday at 6,642, leaving final objectives at 6,737-6,756, so all classic/textbook levels have been achieved, or close.  Measures of internal strength have dropped to zones which coincided with the 2007, 2011 and 2015 topping zones.Market tops tend to be lengthy affairs, and top-building usually brings increased volatility.  If that volatility produces a 5-wave decline in NDX below 6,230, we would regard that as an initial signal of the onset of a major trend change. The coming bear market should carry back to the NDX 3,787-4,180 support zone as a minimum, but it is too early to say whether it will be over by next year, or stretch out into 2021.  

NASDAQ 100: The 15-Year Tech Bull Market Is Ending

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Quick market updates and lot of ideas for your investments from a multi-asset portfolio manager working for a family office.

Quick Market Updates

Macroeconomics

<ul><li>A tough start, the new year has not started very well, especially for some asset classes.</li><li>In the first days of the year, the 10-Year Treasury Yield rose sharply, going from 1.5% to 1.75%, a very large move (25 bps).</li><li>It is clear that the sector rotation is back, and that value stocks are now overperforming growth stocks again (as already happened in the first half of 2021).</li></ul>

A tough start, the new year has not started very well, especially for some asset classes.In the first days of the year, the 10-Year Treasury Yield rose sharply, going from 1.5% to 1.75%, a very large move (25 bps).It is clear that the sector rotation is back, and that value stocks are now overperforming growth stocks again (as already happened in the first half of 2021).

United States

The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ. No security can have more than a 24% weighting. The index was developed with a base value of 125 as of February 1, 1985. Prior to December 21,1998 the Nasdaq 100 was a cap-weighted index.

Nasdaq-100 Stock Index (NDX INDEX)

NASDAQ 100: The 15-Year Tech Bull Market Is Ending

The NASDAQ bull market actually began in Q3 2002, since it did not make a new low in 2009 along with the S&P. The pattern off that 2002 low...

Peter Beuttell

Value Rotation Is Here Again

A tough start, the new year has not started very well, especially for some asset classes.In the first days of the year, the 10-Year Treasury Yield...

Market Radar