Tag: stock market
Trading insights on share trading, forex trading, cfd trading and options trading. Powerful insights from our Wealth Advisers at PhillipCapital Australia.
Up to 7th February, 2017 again only 4 stocks accounted for, this time 98% of the Dow’s gain (AAPL, IBM, BA & V). We have been moving higher and higher on fewer and fewer stocks. This is dangerous and another warning sign you should be taking notice of. For more on this please read more on this week’s US and Australian Stock Market Report.
Read more about US and Australian Stock Market Report – 27 Feb 2017
Last week may have confirmed a top in the US and the Aussie markets. If this is the case then Santa may not make his way to the markets this year. Alternately if last week was not a top then we will continue to rally on into the first week of January 2017 where we then would set up a larger top to start off the New Year.
Looking at the performance of the local market (XJO) to the US markets (S&P 500, DJIA & the NASDAQ) provides a good perspective on which market may be leading the others. This report (like all of the Charting Wisdom reports) covers...