Last week: I’d mentioned last week my surprise with the paradoxical moves across stock markets and this theme continues. Hence the heading for this week’s article Mind the Gap: that being the gap between what is happening on Wall St versus what is happening on Main Street. I’m on the lookout for any new alignment […]

Last week: There were seemingly paradoxical moves last week with US stock indices displaying a risk-on shift whilst the US posted the worst unemployment data since the 1930s Great Depression and with the BoE forecasting potential of the worst recession for the UK in over 300 years. There are multiple reasons offered for this latest […]

Last week: The first day of May started with selling and this is bringing the ‘Sell in May and Go Away‘ mantra into greater focus for traders. The US major stock index of the S&P500 has now peaked at a major technical resistance zone; the same zone that featured back in the 2008-2009 Global Financial […]

Last week: The US major stock indices of the S&P500 and DJIA remain in focus as traders and analysts around the world watch to see whether this latest price action is shaping up as a V-shaped recovery or a dead cat bounce. This uncertainty kept price action on many trading instruments in range-bound chart patterns […]

Last week: It was a relatively quiet week for trend line breakouts but I suspect traders around the world are watching the US stock majors of the S&P500 and DJIA to see how these indices react at looming key resistance: success might allay fears of another Global Financial Crisis-style pullback but failure might bring deja vu […]