Indices Analysis

FTSE Drops As Coronavirus Deaths Rise

European stocks have opened on the back foot after two straight days of gains. A jump in coronavirus related deaths on both sides of the Atlantic has unnerved investors, who are desperately searching for signs that the curves are flattening. The UK recorded a record number of coronavirus deaths, 786, …

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S&P 500, DAX, And Dow Break 38.2% Fibonacci

What a Monday we’ve had, traders seem to have responded well to unlimited money supplies from the Central Banks and the introduction of new stimulus. This comes at the heel of optimism over the spread of the coronavirus in Europe, where the curve continues flattening, indicating the worse may be …

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Consequences Of Yesterday’s Bullish S&P 500 Session

The bulls opened on a strong note Monday, and relentlessly headed higher since. As such a strong showing has changed the stock landscape, let’s examine the current balance of forces and the clues for upcoming moves.We’ll start today’s analysis with the daily chart examination (charts courtesy of http://stockcharts.com). Stocks broke …

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Risk-On, For Now

Things have settled down with global stock indices extending their advance following Monday’s big upsurge and risk-sensitive currencies are also pushing higher. Investors are betting that the coronavirus outbreak may have peaked and are ignoring the economic slump that we are in. They are hoping that with the death rate …

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Global Rally Enters Day 2 On April 7

Stocks are rising global again on April 7, on hopes the coronavirus is peaking. However, the economic fallout of the coronavirus has not peaked. In fact, we will get initial jobless claims on Thursday. I still don’t see how 10 million, or maybe more people, are going right back to …

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ES: Along The Rebound Lines (Apr. 7 Update)

S&P 500 Futures: Breakout on the hourly and moving along the rebound lines. ES S&P 500 Chart Original Post ES: Along The Rebound Lines (Apr. 7 Update) Disclaimer: All opinions expressed in this blog are solely for information or educational purposes. The blog material does not constitute investment or trading …

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