Last week: Sentiment shifted by the end of the week to one of optimism and this was underpinned by the impressive vaccine roll out in the USA, Friday’s stellar North American jobs report and expectations vested in the next batch of US earnings. The S&P500, DJIA and NASDAQ all closed higher for the week with […]
Last week: There weren’t too many breakout trade opportunities in the shortened Easter week and so it was no surprise to see so many small and indecision-style weekly candles printed. However, just as Easter symbolizes rebirth, the NASDAQ channelled this theme to bounce back from its recent slump and was the best performing stock index of […]
Last week: There was a bit of movement across Forex pairs last week with the NZD/USD leading the charge following NZ Government changes to housing policy in an effort to try and curb rising prices. This was then followed by some US$ strength that helped to trigger some other Forex trend line breakouts. The S&P500 […]
Last week: There was only one minor trend line breakout of note last week and I attribute this relative void to market uncertainty in the lead up to FOMC and, then, more of the same as this rate news was digested. This was compounded by cautious trading on the S&P500 as it now trades just […]
Last week: US stocks shrugged off the continued rise with interest rates and, instead, hitched their move to the bullish narrative surrounding increasing US Covid vaccinations, re-opening of economies and the passing of the US stimulus Bill. So much so, that the S&P500, DJIA and Russell-2000 indices closed with good sized, bullish weekly candles at new […]