Tag: us stock market
Trading insights on share trading, forex trading, cfd trading and options trading. Powerful insights from our Wealth Advisers at PhillipCapital Australia.
There is a very strong and reliable seasonal pattern in both the Aussie and US markets and that is the Santa Claus rally. However we need..
Well it looks like those large range days found the S&P 500 right on cue. We had moves in both directions which adds to the pickup in volatility we were on the lookout for.
This week (Friday) will see the 30 year anniversary of Black Tuesday. The 20th October 1987 is a date that no one who lived it will ever forget. It was on this day that the...
3 major world markets that just went sideways. London’s FTSE, China’s Shanghai and Japan’s Nikkei 225. Maybe they will turn around this week or they could be indicating this is a potential false break?
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.
Last weekend it was the Italian referendum and this week its Italy’s 3rd biggest bank Banca Monte dei Paschi di Siena S.p.A which is in big trouble. I have read that the ECB has refused to extend the deadline for them to raise the 5 billion euro which places it in a problematic situation as “it’s Too Big to Fail”. Will this have an impact on European and world markets, as this is only 1 of many banks in a similar situation?
The US election - everyone is talking about it so I am not going to go on about it also, other than to say it’s held on Tuesday 8th (Wednesday 9th Australian time) and the counting will start while the local market is up and trading. Just like BREXIT we will be reacting blow by blow with the numbers as they come out. Keep in the back of your mind that we may not have a result right away especially if it’s a close call, it could drag on for days or weeks like that one George W. Bush won by a handful of votes before Obama took office.
The week ahead sees the 29th anniversary (19th October 1987) of the 1987 Crash. The Dow fell 508 points or 22.6% in one day its largest ever one day % fall. All markets around the world followed suit falling very strongly and this is a time never to be forgotten as to how quickly things can happen.
The 1800-1830 low made in August 2015 seems be holding which is a good sign for the US stock market. After testing this area in mid-January with a sharp sell-off, responsive buyers bought...
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...