Last week: It was a slow and choppy start to the week for US stocks but upbeat US bank earnings and Retail Sales data helped to lift sentiment such that the S&P500, DJIA, NASDAQ and Russell-2000 all closed higher, and, the first three of these look to have made Bull Flag-style breakouts. The other significant […]

Last week: US stocks closed lower on Friday after the disappointing monthly jobs report but the S&P500, DJIA and NASDAQ still managed to close higher for the week. The NFP report showed upward pressure on wages but a lower than expected number of new jobs added which some attribute to concerns about returning to work in […]

Last week: September lived up to its reputation for been a challenging month for stocks with many global stock indices, including Copper and EEM, printing bearish monthly candles. Friday was the first trading day for October and optimism, fueled by news of Merck’s new oral Covid drug that’s said to reduce hospitalisations by half, helped […]

Last week: It was a bit of a wild ride last week with sharp falls across stocks at the start of the week, triggered by the Evergrande situation, followed by some recovery on Wednesday and Thursday after FOMC and then rather flat activity on Friday. The four major US stock indices, the S&P500, DJIA, NASDAQ […]

Last week: September market weakness has continued and may have been nudged along by the post-US Earnings season lull and Friday’s quadruple witching: alignment of the four expirations of single stock options, single stock futures, index futures and index options. Three of the four major US stock indices, S&P500, DJIA and NASDAQ, closed with bearish […]