Test of August lows?
Markets broke minor supports last week and heading for testing August lows. Markets may be range bound short term and mostly news driven. Trump Administration is thinking of ways to limit investments into Chinese companies, including stripping Chinese firms from U.S. stock exchanges. Trump Impeachment process started by Democrats in Congress may not be successful for […]
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Hope and Fear!
Markets almost unchanged this week and very close to testing 50 DMA support. FED cut interest rate by quarter point but took away any hope for future cuts for this year but hinted for expanded balance sheet. On Monday Empire State manufacturing showed weakness. Store sales came in little lower than previous period. Manufacturing has […]
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FED meeting and key reports due!
Markets looking better this week and very close to testing highs. 50 DMA should act as support if this rally has to hold. This week is critical because of FED meeting and announcements on Tuesday and Wednesday. On Monday Empire State manufacturing will be released. Industrial production and Redbook retail results on Tuesday. Wednesday Philadelphia […]
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Trade talk give hope!
Markets got a big boost this week from news about China Trade talks. Markets overcame major resistance at 50 DMA. Volatility index has come down to 15 indicating market wants to move higher. Leaders are also acting well last two days confirming our sentiments for upside. This market is still news driven and it has […]
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Markets at Crossroad!
Markets are range bound with resistance here and support at August 5 lows. Depending on the news it’s moving between these levels. We must watch the test of August 5 lows ahead. Character of the test will determine what should we expect in next coming weeks. Volatility index still high and needs to come down […]
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