Technical Analysis

Major indices close up 1.2% or better The major US indices are closing with provisional gains of 1.2% or better. The numbers are showing The S&P index rose  41.12 points or 1.44% at 2888.71 The NASDAQ index rose 129.38 points or 1.67% at 7895.99 The Dow rose 306.62 points or 1.20% at 25886.01. For the week, despite the solid gains today, the major indices are ending the
MA will be remembered for the bounces on dips… The price of gold is trading down $-9.08 at $1514.21. The low price extended to $1503.77. The high price reached $1528.10 today. At the session low today, the price stalled at its 200 hour moving average (green line in the chart below). On Tuesday, its low also approached the 200 hour moving average and found buyers.
Solid gains for the major indices The European stock markets are closed for the day and for the week and they are ending with solid gains after a not so solid trading week: German DAX, +1.2% France’s CAC, +1.2% UK’s FTSE, +0.7% Spains Ibex, +1.1% (best day in six months) Italy’s FTSE MIB, +1.51% For the week,
Major indices all up over 1% The US major stock indices are all trading above 1% on the day: S&P index, +1.33% NASDAQ index, +1.57% Dow industrial average, +1.05% Looking at the daily charts of each, the price action this week took the price below the hundred day moving averages, but prices have been able to stay above lower
Narrow up and down trading range The NZDUSD has had an up and down day in a relatively narrow 36 pip trading range (for the day).  Technically, the “ups” today, were able to stay below a top side trendline, and the 100 hour moving average (blue line in the chart above).  That kept the sellers more in control.  The price
Get used to it folks The US stocks are staging a rally on less China fears. There have been two reports that have help that sentiment: The Pres. comments on Huawei were not a blanket “no deal”. The US government is still accepting applications for companies to deal with Huawei if deemed not a security threat A report that China is purchasing crude oil from the