Technical Analysis

Dow down -2%. S&P and Nasdaq sheds 1.6%. Another rough day for stocks. Another day. Another down day for stocks as investors worry about growth, government shut down, trade…the usual.  Technically, the charts are not that supportive either. The final numbers are showing:  S&P down -39.60 points or -1.58% at 2467. The low reached 2441.18
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Stops triggers and runs lower THe AUDUSD is running lower after breaking below the December low and swing levels from October and November. That area comes in at 0.7151-637 The September low at 0.70852 is a target below. As the AUDUSD moves lower, so do the stocks (risk off?)  The Nasdaq is down -96 points
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Oil risks breakdown WTI crude is down 86-cents to $50.33 today. The low so far was $49.86, which is threatening the November low of $49.41. The chart doesn’t look great. WTI has already fallen below the 61.8% retracement of the rally since last June and the bounce from the short-term bottom hasn’t been inspiring. There
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