Last week: Most trading instruments closed with small weekly candles, and there were many indecision candles again, reflecting a lack of confidence with the current risk-on market sentiment. As if the worsening global Covid-19 situation isn’t enough there is also increasing China trade tension among the range of geopolitical issues to navigate. The NASDAQ was a […]

Last week: There was a bit of to an fro between risk-on and risk-off last week but the three major US stock indices all closed higher as hope for a Covid vaccine ultimately moderated concern about the rising cases load of infected citizens in the USA and worldwide. The NASDAQ index actually closed with a […]

Last week: There was a risk-on shift last week in the lead up to the 4th July US holiday weekend. US Stocks and Oil closed higher, as did the AUD/USD and NZD/USD, with Bonds and the VIX closing lower signalling a decline in fear. Gold was also marginally lower for the week, as the $1,800 […]

Last week: I wrote two weeks ago that the reality on Main St had caught up with Wall St and last week was somewhat similar. The escalating spread of Covid-19 has resulted in a number of US Governors pausing their wind back of social gathering restrictions and this reality-check sent renewed jitters through the markets. […]

Last week: There was little on offer for trend line breakout trades from my radar last week as many instruments consolidate near key S/R levels. There seems to be a lot of market indecision in an environment where economies are opening back up but Covid-19 cases continue rising at an alarming rate in many countries, […]