In what turned out to be a volatile trading session yet again after the US equity markets sold off they were quickly snapped up to only close with small losses helped by higher oil prices. This rise in oil assisted an afternoon recovery via the energy sector, after earlier weakness followed disappointing (some say dismal) results for both Macy’s and Kohl’s which dragged the broader retail sector lower. We’ll get US retail sales data at lunch time, where the focus will be whether the ongoing disconnect between what US consumers say (reflected in buoyant consumer confidence readings ) and what they do (weak retail spending) has continued through April, or otherwise.

To mark my 1350th issue of Tradernoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day. This offer is open to both new and existing members and if anyone is interested can you please contact me on bryan@tradernoble.com for details.

For anyone following my Platinum Service it made 83 points yesterday and is now ahead by 541 points for May, having made 1276 points in April, 1335 in March, 1481 in February and 1734 in January. The previous seven months saw gains of 1351, 1971, 1582, 1142, 1782, 1682 and 2550 points respectively. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1750 points.

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