There hasn’t been a whole lot movement again and it feels to me like the something is brewing. Just what…I’m not sure but momentum is declining across a number of instruments suggesting it might be best to wait for any new momentum breakout. The DJIA closed at a record high but the daily candle here, […]
Last week: The meme-stock inspired risk-off shift with stocks was rather short lived as the S&P500, NASDAQ, Russel-2000 and DJIA all closed last week with bullish candles and at new all time Highs. The VIX close with a large, bearish weekly candle BUT the recent candle pattern on the ‘fear index’ does suggest some caution […]
There has been a bit of talk about Silver stocks potentially getting caught up in the WSB meme stock activity. With this in mind I thought I’d check in to see how the charts for the metal are shaping up; from a technical perspective.
Last week: The dominant market activity last week surrounded meme stocks, those where interest and price action is driven more by social rather than fundamental forces. The market disruption caused by this social media drived assault on select stocks unnerved investors and resulted in bearish weekly candles for the US stock index majors of the S&P500, […]
The market were given a soothing hand from some intervention to nip the level of speculative trading that contributed to Wednesday’s sell-off. Added to that was the fact that the US$ stalled at resistance and this helped to peg some of the Forex moves that looked to be getting underway. The failure of the US$ […]