Opinion Monday 14 August 2023

For the second consecutive week, U.S. Equity Markets made new lows on a Friday as the trend of lower highs and lower lows remains in place. Despite Friday’s sell-off, the Friday VIX crush again happened as the VIX closed lower by over 6% following a volatile week. The...

Opinion – Friday 4 August 2023

U.S. Equity Markets closed mostly flat yesterday following a trading session that saw plenty of two-way price action. After the close earnings results from Amazon saw the stock 8% higher while Apple earnings has their share price down 1%. Bond Yields continue to soar...

Opinion – Thursday 3 August 2023

Equity Markets had their first significant down day in many months following the downgrade of the U.S. Government’s Sovereign Credit Grade from AAA to AA+ by Fitch. The NASDAQ 100 led the decline closing lower by 2.21%. This was the largest one-day fall since...

Opinion – Wednesday 2 August 2023

Although another late rally saw U.S. Equity Markets closed higher yesterday, a downgrade overnight by Fitch on the U.S. Credit Rating sees Futures Markets lower by over 1% as I go to press. The recent shift in tone across Wall Street is evident in the updated target...

Opinion – Tuesday 1 August 2023

A boring session ended with a large rally in the last five minutes of trading to leave all three American Indexes end Monday’s session with a small gain. As earnings season continues, technology companies Apple (AAPL) and Amazon (AMZN) are set to report earnings after...

Opinion – Monday 31 July 2023

The VIX closing a huge 7.50% lower saw all three American Indexes reverse Thursday’s losses, led by the NASDAQ 100 which ended Friday with a gain of 1.85%. Thursday’s bearish engulfing reversal candle did not matter as the markets surged from the off, following better...