October isn’t generally a good month for stocks. The US ‘small cap’ index of the Russell 2000 is often regarded as the proverbial ‘canary in the coal mine’ and has been giving some warning signals over recent sessions. One wonders if it might be about to fall off its perch!
Thurs 2nd Oct US Stocks have made a bad start to the month and, in doing so, have triggered a few warning signals that can’t be ignored. There seems to be some ‘Flight to Safety’ movement out of stocks and into bonds as well. As always, ‘One Swallow Does not a Summer Make’ so, look for weekly […]
Wed 1st Oct The first trading day of the month is often positive for stocks so we shall see how the US navigates this particular day this month. The main US stock indices held above key support levels to see out September but this is no guarantee they will stay that way. I’m on the lookout […]
Tue 30th Sept It is pretty quiet today with FX so I thought I would review some of the major global stock indices as the month/quarter comes to a close. Although, some USD weakness seems to be creeping in as I type but this may just be some end of month/quarter adjustment happening.
Mon 29th Sept The Aussie stock market has taken a bit of a battering over recent sessions and the two key Aussie stock market indices, the XAO and XJO are both trading lower.