DOW Finally Pushes through 25550 for the 2nd time around as it is currently at 25689.09 +186.91 +0.73% along side the #SP500 at 2862.10 +11.70 +0.42% and the #NASDAQ at 7891.96 +32.11 +0.40% in US session.
Reference Analysis
Whenever prices remain at a firm level with the major equity indices and the USD Index stays above the 95.05 even after retreating at a registered high for the week at 95.51 levels is quite a healthy sign that the market is still on track from its original direction.
The next market to watch for is still the 10 year Treasury yield that may soon make a statement well above the 3pct level. Which at this point even JPM Jamie Dimon call of a further rise is expected sometime in the near future
As we have mentioned before, it takes at least a reasonable amount of time around a month & half to generate a decent trade return for the variable time exposed in the market.
ReplyDeleteA simple & clean chart approach in Price Action Analysis, without too many technical indicators can be more EFFECTIVE than the traditional form of lagging indicators commonly applied by traders.
ReplyDeleteIts the effectiveness of the analysis that delivers what investors expect that is more important, while maximizing the true market potential when one has called the market correctly. Patience in staying the course whenever your are on the right side of the market trend.
Even when China retaliates with its own version of 25% tariff on US imported goods, the market has already absorbed the data. As a result the effects has been mild with barely a slap on the wrist so to speak!
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