September sure lived up to its reputation for being problematic for stocks and we still have October to come! The monthly charts for many instruments are rather ugly and will be included in my weekend update. There is a fair bit of data still to come for the last day of the week but I […]
The following charts were screen captured today and are chart patterns I am monitoring for any new momentum breakout. Most of the charts patterns are descending wedges, one of my preferred chart patterns to monitor as explained here, here and here. As always, do your own research, manage risk and only trade with funds you […]
Rising yields have kept pressure on the NASDAQ but the S&P500 and DJIA held steady last session. The EUR/USD and commodity currencies are markedly lower though but Gold is holding steady for the time being. It does feel like there is a shift underway and remember that distribution phases are generally marked by volatility.
Stocks market investors have been a bit rattled this week amid fear surrounding the winding back of US stimulus and potential of rising interest rates. Rising yields have investors worried but, as my husband reminded me this morning, money has to flow somewhere. This conversation drew me to pull up the chart of Citigroup for […]
Rising yields continue to rattle stock market investors and the NASDAQ led the sell-off last session. The US$ is higher as a consequence but, rather surprisingly, the EUR/USD and AUD/USD are holding up rather well. There is a speech today from Fed Chair Powell so watch this for any new impact on market sentiment.