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Morning Update – US markets take aim for all-time highs
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- November 16, 2020
XJO to end the week on a high
- Review
- October 4, 2019
Latest Articles
Markets rise as uncertainty eases on trade
The XJO pushed higher yesterday following strong leads out of China and US Futures but still held the 6630 resistance. It seems the XJO could be breaking out of the Channel after pushing through the 6,604 resistance, but at this stage, we haven’t broken the 50 day MA and the 6,630 resistance level. With the
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Hong Kong tensions ease and strong Chinese services PMI help boost markets
The XJO pushed lower than expected throughout the day yesterday, but late buying reversed most of the move down. Locally, weakening GDP started to weigh on sentiment, but news from Hong Kong and China helped the market recover. Technically the XJO is forming a channel between 6,604 and 6,400. With the Futures up today, we
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Markets set to fall following weak leads from the US after they reopen from a long weekend
The XJO tried to pull back yesterday but was fairly flat by the close. Technically the XJO is forming a channel between 6,604 and 6,400. With the Futures down today, we will likely hold the 6,604 resistance again. If we break 6,604 the market will be looking bullish with targets around 6,750. Otherwise, if weRead MorePublic
Markets trade on low volumes whilst US markets remained closed for Labour Day
The XJO yesterday pulled back slightly after testing the 6604 resistance level. It is becoming likely that we are forming a channel between 6,604 and 6,400. With the Futures down today, we will likely hold the 6,604 resistance again. If we break 6,604 the market will be looking bullish with targets around 6,750. Otherwise, ifRead MorePublic
Trading update: Market set for a soft start as further tariffs hit
The XJO on Friday jumped higher following strong leads offshore, pushing the XJO back to the next resistance at 6,604. With the 5,547 resistance now broken, the downtrend could be coming to an end. But we cannot confirm an uptrend yet, as we may be starting to form a channel between 6,604 and 6,400. WithRead MorePublic
Trading Update – Markets see some relief after China trade comments
The XJO yesterday closed slightly higher after a very whippy session, pushing closer to the key 6,550 resistance level. At this stage, we consolidating between 6,550 and 6,400, it is hard to have much of a view until one of these levels break. If 6,400 breaks, we will reconfirm the downtrend with target around 6,200Read MorePublic
