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 […]
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Trade 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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