Technical Analysis

NASDAQ and S&P index fall over 9.4% The US stocks are going out at the lows and down sharply after the markets were not impressed with the President’s address to the nation and the headlines continue to point to slower growth.  The US sporting events are shutting down. The number of infected and deaths continued to grow in Europe.  A massive liquidity add
0 Comments
Stocks trade to new session lows.  Yields lower. Gold up near $10 The USDJPY is down testing its 100 day moving average at 108.715.  US stocks are trading at lows (S&P down -0.73%), yields are moving lower (10 year down 5.3 basis points), and gold is up nearly $10 at $1584. The 100 day moving average is broken in trading
0 Comments
Down -$0.58 and -1.11% The WTI crude oil futures are settling at $51.56. That is down -$0.58 or -1.11%.  The high today reached $53.36. The low extended to $50.97. For the week, the price closes last Friday at $54.19. The high was on Wednesday at $54.37. The low was today at $50.97.  The $2.63 decline
0 Comments
Whoops! New high but not for long The USDCHF continued its moved to the upside started yesterday after the fall below its 200 hour moving average (green line in the chart below) found support buyers against day lower trend line (see green numbered circles). The run higher yesterday took the price above a topside trend line (see red numbered circles).
0 Comments
UK FTSE 100 +0.12% The major European indices are closing with gains. The UK FTSE 100 lags the other indices, but still close higher. German DAX, +0.21% France’s CAC, +0.57% UK’s FTSE 100, +0.12% Spain’s Ibex, +0.6% Italy’s FTSE MIB, +0.5% In the European debt market, benchmark 10 year yields are lower. Investors continue to move
0 Comments
The 200 day MA at 0.65058 The NZDUSD has continued the month long move lower today. Over the 19 days since peaking on the last trading day of the year, the price has moved from 0.67549 to a low today of 0.65051.  The low today stalled right at its 200 day moving average at 0.65058 and has bounced modestly.
0 Comments