U.S. Equity Markets closed mixed yesterday following a wild trading session that saw plenty of two-way price action. Although the Dow closed lower by 0.18%, lower Treasury Yields saw the NASDAQ 100 end yesterday’s session with a gain of 0.52%. The ADP released its latest private payroll report, showing companies added 242,000 jobs in February – more than expected. JOLTS – January Job Openings and Labour Turnover Survey showed that labour-market tightness remained relatively unchanged as the ratio of job openings to job seekers remained at 1.9. Fed Chairman Jerome Powell’s tone softened during his congressional testimony Wednesday when he asserted that the size of this month’s rate hike has yet to be determined. The Federal Reserve’s latest Beige Book outlined a strong start to the year for the economy as spending and manufacturing activity increased. Within the S&P 500 Index, seven of the 11 sectors finished higher. European Markets closed higher. Euro-Zone Fourth Quarter Household Consumption fell 0.9% as high inflation and rising borrowing costs stifled activity, growth, and demand, while German Retail Sales for January dropped 0.3% versus December and 6.9% year over year as consumers continued to grapple with the rising cost of living. ECB Governing Council member Klaas Knot said it is likely to keep raising interest rates high for some time after the March monetary policy meeting. Bank of England member Swati Dhingra, known for her dovish policy stance, warned against overtightening since economic data always lags in showing policy effects. In Asia, Bank of Australia Governor Philip Lowe said that the central bank was getting closer to the end of its current rate-tightening cycle, but ultimately it would depend on upcoming economic data. Japanese  Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol were said to seek a summit to repair relations and improve trade between the two nations. Japanese investors became net buyers of U.S. sovereign debt in January for the first time in five months due to increasingly attractive Treasury yields. Elsewhere, Oil fell 1.36% while Gold closed flat after a quiet session.

To mark my 2725th 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 to demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it made 355 points yesterday and is now ahead by 1377 points for March after finishing February with a gain of 3164 points, after closing January with a gain of 4687 points, while finishing December with a gain of 2054 points. November ended with a gain of 4789 points, while finishing October with a record gain of 9619 points, making 6660 points in September, after closing August with a gain of 2228 points, having made 2660 points in July, following a gain of 3371 points in June. The Service made 3651 points in May, after making 762 points in April, following a gain of 5883 points in March. The Platinum Service made an impressive 5324 points in February, after ending January with a gain of 3878 points, more than making up for December’s 932 points loss. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points. I have a YouTube Channel which contains recent interviews I have given This can be viewed by clicking HERE Please subscribe to this for new interview notification 


The S&P 500 closed 0.14% higher at a price of 3992

The Dow Jones Industrial Average closed 58 points lower for a 0.18% loss at a price of 32,798.

The NASDAQ 100 closed 0.52% higher at a price of 12,215.

The Stoxx Europe 600 Index closed 0.12% higher.

Yesterday, the MSCI Asia Pacific fell 0.06%.

Yesterday, the Nikkei closed 0.48% higher at a price of 28,444.


The Bloomberg Dollar Spot Index closed 0.1% higher.

The Euro closed 0.1% lower at $1.0547.

The British Pound closed 0.1% higher at 1.1841.

The Japanese Yen fell 0.1% closing at $137.26.


Germany’s 10-year yield closed 5 basis points lower at 2.65%.

Britain’s 10-year yield closed 6 basis points lower at 3.77%.

U.S.10 Year Treasury closed 2 basis points higher at 3.98%.


West Texas Intermediate crude closed 1.36% lower at $76.56 a barrel.

Gold closed 0.07% lower at $1816.10 an ounce.

This morning on the Economic Front we have no data from either the Euro-Zone or the U.K. At 1.30 pm we have U.S. Weekly Jobless Claims. Finally, at 6.00 pm we have a 30-Year Treasury Auction.

Cash S&P 500

In contrast to Tuesday, my S&P plan worked well yesterday as the market traded lower to my 3977 buy level before rallying to my 3996 T/P level. Subsequently I emailed my Platinum Members to buy the S&P again at 3970 before rallying to my 3979 T/P level and I am, now flat. The S&P bottomed as expected at the 3970-support level. This is where we have the 20 MA and the Weekly 150 MA as support. At this moment the Monthly 5 EMA is also at 3970 having moved higher with the bounce. It was key for the Bulls to hold this area but no victory parade as the 50 Day Moving Average (3997) and 5 EMA have still to be recaptured. Today, I will again be a buyer from 3960/3975 with a 3943 ‘’Closing Stop’’. I still do not want to be short the S&P at this time.


No Change. I am still long the Euro from Tuesday at an average rate of 1.0590. I will leave my 1.0495 ‘’Closing Stop’’ unchanged. I will now lower my T/P level to 1.0625. If any of the above levels are hit, I will be back with a new update for my Platinum Members.

March Dollar Index

The Dollar traded in a narrow range yesterday. I am still short at 105.90 with the same 104.90 T/P level. I will leave my 106.10 ‘’Closing Stop’’ unchanged. If this view changes I will be back with a new update for my Platinum Members.

Cash DAX

Every dip in the DAX continues to be bought. Despite Retail Sales falling yesterday there is no appetite for traders to be short. The buy trend is definitely your friend. As long as the DAX does not break and close below 15200, I will continue to be a buyer on dips. Today, I will raise my buy level to 15400/15480 with a higher 15335 ‘’Closing Stop’’.


I am still flat the FTSE as the market again traded in a narrow range. I will now raise my buy level to 7790/7860 with a higher 7735 ‘’Closing Stop’’. I still do not want to be short the FTSE at this time.

Dow Rolling Contract

No Change. The late comeback in the Dow keeps me long from Tuesday at 33010. I will leave my 32795 ‘’Closing Stop’’ unchanged. I will now lower my T/P level to 33050. If any of the above levels are hit, I will be back with a new update for my Platinum Members.

Cash NASDAQ 100

My NDX plan worked well as the market hit my initial 12110 buy level before rallying to my revised 12185 T/P level and I am now flat. Lower Bond Yields helped the NDX to outperform the rest of the American Indexes yesterday. Today, I will again be a buyer on any further dip lower to 11970/12120 with the same 11895 ‘’Closing Stop’’, which is just below the 200-Day Moving Average.


The Bund missed yesterday’s 130.60 buy level by 20 points before having a nice 80-point rally and I am still flat.  I will now raise my buy level to 130.20/130.90 with a higher 129.45 ‘’Closing Stop’’. I still do not want to be short the Bund at this time.

Gold Rolling Contract

No Change. I am still long at an average rate of 1823 with the same 1828 T/P level. Yesterday the market made a rebound high at 1824 before having a small sell-off. I will leave my 1803 ‘’Closing Stop’’ unchanged. If any of the above levels are hit I will be back with a new update for my Platinum Members.

Silver Rolling Contract

No Change. I am now 300 points offside on Silver. I have bought some Silver here for my pension on the New York close on Tuesday. I will also add to my existing 23.10 Silver position at a price of 19.70. I will have a ‘’Closing Stop’’ at 18.95 on the whole position. I will have no T/P level for now. If my 19.70 buy level is filled I will be back with a new update for my Platinum Members.