US30 Up After Powell, US Inflation
US30 started the week on the back foot, but moves to profits following yesterday’s Powell testimony and today’s CPI inflation figures
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US30 started the week on the back foot, but moves to profits following yesterday’s Powell testimony and today’s CPI inflation figures
Daily The daily charts below show the DJI (US30) on the left, the SPX (SPX500) in the middle, and the Nasdaq (NAS100) on the right. All three indexes dropped following the release of the Fed's December minutes last week. Of the three, the NAS100 shows relative weakness and is between the lower blue and red bands. The US30 and SPX500 are in the neutral areas between the blue bands, with…
The charts below show an interesting relationship between gold and bonds. The top chart is XAUUSD, the middle chart is IEF - iShares 7-10yr Bond ETF, and the bottom chart is the US 10 Yr. Treasury yield. The red trendline shows the period between the third quarter of 2018 to the middle of 2020. During this period, gold and bond prices both appreciated, whilst yields declined. The orange trendline represents…
Below are the daily charts of the Dow Jones Industrials (US30 on the left) and the Nasdaq (NAS100 on the right). The US30 maintains its position in the bullish area, between the upper blue and red bands (zone 1). Its stochastic is above 80 (aqua rectangle), suggesting a relatively stable upwards momentum. Conversely, the NAS100 has declined over the last two trading days and now finds itself in the bearish…
The US automaker announced today strong sales, with its electric vehicles front and center, following a blowout year for the company’s stock
An amazing year for SPX500 draws to a close, with one more trading day remaining for Wall Street
The top chart shows the weekly US10 Yr. treasury. We have added moving averages as a measuring mechanism for yield appreciation. The green ellipse indicates that the quicker green moving average is near to crossing above the slower orange moving average. If this happens, and angle and separation develop, the odds favour further appreciation in the rate. The blue dashed vertical marks the time of the previous bullish cross (aqua…
Daily Charts As we head into the last week of the year, the US large-cap indexes have momentum as a tailwind. Below are the daily charts of the US30 (left), SPX500 (middle), and the NAS100 (right). All three are bullish and in their respective areas of strength, between the upper blue and red bands. Moreover, their stochastics are all above 80, denoting strong upwards momentum. The "Santa Rally" seems well…
Daily Further to our previous article, the below shows the daily charts for the US30 (left), SPX500 (middle) and the NAS100 (right). All three indexes had a strong day yesterday with long blue candles. Of significance, the NAS100 has now pushed out of its area of weakness, between the lower blue and lower red bands, into the neutral area, between the blue bands. If the indexes can push further upwards…
The Fed has signalled three rate hikes for 2022 and an acceleration in the taper of its asset purchase program. In a tightening environment, and as yields increase, portfolios may change in terms of asset allocation. Fundamental valuation metrics consider the impact that rates have on cash flows. Growth stocks tend to retain and reinvest earnings, whilst value candidates are usually established and more mature in nature. As such they…
Daily The daily charts below show the US30 (left), SPX500 (middle) and NAS100 (right). Today's candles, ahead of market open, are blue, indicating current prices are above respective opens for the session. The NAS100 continues to show relative weakness and is still in its area of weakness, between the lower blue and lower red bands. The SPX500 is attempting to move from its area of weakness into the neutral area,…
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