When should you ‘cut your losses’? This might help…
Archives of “July 2019” month
rssWhat data should be used for our market analysis? This will help…
The easiest way to identify a market trend…
Here is one of my favourite set of money management equations…
European shares little changed to end the week
Major indices lower on the week
The major European indices are in the week little changed. For the week, there are modest declines.
The provisional closes for today are showing:
- German DAX, -0.1%
- France’s CAC, +0.3%
- UK’s FTSE, -0.1%
- Spain’s Ibex, +0.35%
- Italy’s FTSE MIB, unchanged
For the week, most indices are ending lower:
- German DAX, -1.95%
- France’s CAC, -0.44%
- UK’s FTSE, -0.63%
- Spain’s Ibex, -0.40%
- Italy’s FTSE MIB, +1.1%
Looking at the hourly chart of the German Dax below, the index traded below its 50 hour MA on Monday, below the 100 hour MA (blue line) on Tueday and felll below its 200 hour MA (green line) yesterday. Today, that 200 hour MA was a lid for the brief ralllies.
On the downside, the 38.2% at 12260.52 is the next target.
Treasury Secretary Mnuchin: US may hit debt limit by early September
Sends letter on debt limit to Congress
Mnuchin asked Congress to raise the limit before August recess.
The Senate August recess starts officiall on August 5th.
The House of Reprensentive is not in session starting July 29th
PS they are out of session until September 6th which begs the question “What is wrong with this picture?”
Biggest steepening since June’s FOMC The runner-up? Election day!
The Fed doesn’t know what’s going on.
The art of the deal. Pres. Trump tweeting
Tariffs and Mexico and China
US 5 year break-even highest since May and possibly confirming a (dare I say) double bottom)
