Technical Analysis

Modest losses the major US stock indices are closed lower, giving up earlier gains. Highlights for the day include: S&P closes at 1% below all-time high NASDAQ 4% below all-time high Dow closes 2% below all-time high Dow, S&P on track for a monthly gain NASDAQ index on track for a monthly loss The final […]

German DAX up marginally.  Francis CAC and UK FTSE 100 down marginally. The European shares are ending the day with mixed results. The provisional closes are showing: German DAX, +0.2% France’s CAC, -0.2% UK FTSE 100, -0.2% Spain’s Ibex, +0.2% Italy’s FTSE MIB, +0.15% In the European debt market, the benchmark 10 year yields are all trading to the downside. Italy

Range at the start of the day was only 27 pips The USDCAD started the North American session with only a 27 Pippa trading range. That range is being extended to the upside and is up to 37 pips. That is still off the average of around 76 pips.  There is room to roam. Looking at the

Germany is close today the European indices close with the modest changes.  A snapshot of the provisional closes shows: France’s CAC, +0.3% UK’s FTSE 100, +0.5% Spain’s Ibex, unchanged Italy’s FTSE MIB, -0.3% In other markets as London traders look to exit: Spot gold is up one dollar or 0.05% $1882.24. Spot silver is up $0.16

Dow leads the way to the upside today The major indices are opening higher as traders look for a positive close the end of the week. The first three days of the week saw major indices fall. Yesterday, the prices is rebounded, and that momentum is rolling over into today’s trading. A snapshot of the market

The 100 hour MA comes in at 0.8998 The USDCHF traded to the lowest level since February 24 today after taking out the low from Tuesday’s trade at 0.89597. However, the moves below that low (there were 2), both failed today (the lowest low reached 0.89531).  After the 2nd failed run below the Tuesday low, the sellers turned buyers and was