Tue 2nd September Monday September 1st was a holiday for the US and thus today marks the first real trading day for the S&P500 for this new month. I’ve noted on numerous other occasions how the first trading day of the month is often bullish for stocks. Often, but not always, yet this is something to be […]
Fri 29th Aug The S&P500 closed back below the psychological 2,000 level today BUT the buying into the close did not look anything like a nervous market. This is despite ongoing geopolitical concern festering around the globe.
Thurs 21st Aug I was discussing the recent bullish Tenkan/Kijun cross on the S&P500 with a fellow trader this morning and they raised similar bullish thoughts for the German DAX index. The DAX is a stock index representing the top 30 German companies trading on the Frankfurt Stock Exchange. So I thought I’d check out some charts […]
Tue 19th Aug Trading volumes may be down of late but many of the global stock indices are holding on to recent gains, despite all of the geo-political turmoil, and some even look quite bullish. S&P500: this major heavy weight index is still holding above a daily support trend line. An ultimate bullish target of 2,500 is […]
Some traders have been discussing the merits of three popular US stocks over the w/e: AFL (Aflac), MCD (McDonalds) and YUM (Yum Brands Inc). I have reviewed the charts of these three and my order of preference, based on just the technical merits, is AFL > MCD > YUM :