Wed 1st Oct The first trading day of the month is often positive for stocks so we shall see how the US navigates this particular day this month. The main US stock indices held above key support levels to see out September but this is no guarantee they will stay that way. I’m on the lookout […]
Tue 30th Sept It is pretty quiet today with FX so I thought I would review some of the major global stock indices as the month/quarter comes to a close. Although, some USD weakness seems to be creeping in as I type but this may just be some end of month/quarter adjustment happening.
Mon 29th Sept The Aussie stock market has taken a bit of a battering over recent sessions and the two key Aussie stock market indices, the XAO and XJO are both trading lower.
Sun 28th Sept I first wrote about the potential for a bullish Cup ‘n’ Handle pattern setting up on Apple stock back on the 14th September. The article can be found through this link. Apple stock is still consolidating within the ‘Handle’ of this pattern for the time being and traders need to watch the […]
Wed 24th Sept The S&P500 traded lower overnight and is back below the psychological 2000 level. The important point to keep in mind here though is that the daily support trend line that has been intact since Nov 2012, a period of almost two years, is still intact today.