Market signaling deeper correction!
Since reversal from resistance levels at 50DMA & 200DMA market has shown little interest to rally. This week’s FED’s interest rate hike with strong US economy (New Jobless claims came in way below consensus) is being discounted by markets. This morning, indexes are breaking October lows near 7000 on NASDAQ & 2600 on S&P. Volatility […]
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Is Trump winning China Trade war?
This week all of last week’s gains were wiped out. Optimism generated by Chinese Premier and President Trump on resolving Trade and Tariff issues were being questioned with Huawei’s CFO Meng Wanzhau’s arrest on violating US sanctions against Iran. On Tuesday, indexes reversed from resistance levels at 50DMA & 200DMA. Friday’s poor jobless report should […]
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Trump Wins USMCA (NAFTA) Deal
Markets had trouble making much headway in September, perhaps partly because of noise over tariffs, rate hike and rising oil prices. S&P 500 is trying to make all-time high. NAFTA news is boosting the market. The midterm U.S. elections are only five weeks off. Political futures markets are predicting Democrats to grab control of the […]
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Economy Propels the Markets!
Markets have rallied on decent up-volume on Thursday’s session and have retested support levels on Monday. The S&P made new highs & NYSE has broken out of trading range for past eight months and testing the breakout levels as of Monday. The dollar fell pretty sharply, helping foreign markets to recover. These markets testing crucial […]
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Market Resilient in Trade Talks!!!
Markets have rallied from support last week but gave back half those gains on Monday’s session. There are few pockets showing positive action. This past week, weaker global markets have also rallied from support levels. VEU, EEM, and EFA all tested critical support levels from their August lows and encountering trendline resistance here. With ‘Trade […]
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Weak World Markets Could Spoil the Party!
Markets seem to have found support last week at previous resistance levels. There are few pockets showing positive action. In concert with our short-term composite model turning negative this past week, weaker global markets have continued to decline. VEU, EEM, and EFA all moved lower and are testing critical support levels from their August lows […]
Read MoreTrade War & World Markets
Markets have turned lower after making new highs last week. Wednesday was poor day for markets in recent weeks. NASDAQ declined over 1% on higher volume and many leaders were hit hard. SPX have declined back into earlier range. Other world markets had rallied last week and were showing hope of settled waters. But they […]
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Strong Economy Leading to Strong Dollar
Markets are trading higher and making new highs except NYSE index. There is divergence in US and other world markets. US markets are charting new highs while other world markets are trying to find support off the lows made in August and break out of down trend. When that happens will indicate ‘trade war’ is […]
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