Last week: September and October are renown as being seasonally weak for stocks and, as if right on cue, that was the theme for last week. The end of the the northern summer doldrums period was also marked by a decent uptick with volatility. The four major US stock indices; S&P500, DJIA, NASDAQ and Russell-2000, all […]

Last week: The market landscape of last week was little changed from the week before and Friday’s disappointing US jobs report only helped to continue this theme. The S&P500 and NASDAQ have closed again at new all-time Highs and these two, plus the DJIA, continue to hold above 18-month support trend lines. The miss with […]

Last week: I had warned last week that ‘One Swallow does not a Summer Make‘ and this proved to be rather prudent. Despite the fact that this market rally has extended for 18-months and knowing that trend lines don’t travel in straight lines unabated, the US stock index majors continue to hold above long-term support trend […]

Last week: We’ve had a number of weeks of conflicting market signals where some instruments would close risk-on whilst others would close risk-off. However, there was better correlation last week with the majority of instruments aligning for a risk-off, or bearish, weekly close. The S&P500, DJIA, NASDAQ, Russell-2000, DAX, XJO, Copper and EEM all closed with […]

Last week: The US$ closed lower last week following the rather modest US inflation report and as concern increased due to the expanding global impact of the Delta Covid variant. The S&P500 and DJIA managed to carve out new weekly all-time Highs, as did the Australian XJO, but the risk sensitive Russell-2000, Emerging markets (EEM) […]