Indices

Technical Analysis – US 30 index posts steep losses; near 3-month low

Posted on February 6, 2018 at 2:07 pm GMT

The US 30 index has plunged sharply lower since Friday losing more than 3000 points from the last all-time high on January 29. The price posted a new more than 3-month low of 23116.40 earlier today, however, it later reversed some of its losses during the European session. Prices broke below the 23.6% Fibonacci retracement level near 24000 of the up-leg with the low of 15250 and the high of 26700. The bullish picture in the medium-term weakened and a bearish correction is in progress. [..]

Surging US yields threaten the Dow’s rally – Index News

Posted on February 2, 2018 at 2:42 pm GMT

The bull run in the Dow Jones continued unabated in the first month of 2018, with the index gaining an astonishing 6% in just four weeks. However, with yields on US Treasuries rising sharply in recent days, the Dow’s rally appears at risk, with a further correction lower being possible in case yields continue to break multi-year highs. While bonds and stocks are typically the two main components of any investment portfolio, they serve very different functions. Stocks are [..]

Technical Analysis – US 100 index hits 11-day low; medium-term picture still bullish

Posted on February 2, 2018 at 11:28 am GMT

The US 100 index is 2.5% down from the week’s high of 7,037.10 hit on Monday which also constituted the highest on record for the benchmark. During Friday’s trading it touched 6,849.60, this being an 11-day low, while it continues trading in proximity to this level. The RSI has been falling in recent days, hinting to a change in short-term dynamics from bullish to bearish. Turning to the stochastics, they’re giving a bearish signal in the very short-term as the [..]

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Technical Analysis – US 30 index posts steep losses; near 3-month low

Surging US yields threaten the Dow’s rally – Index News

Technical Analysis – US 100 index hits 11-day low; medium-term picture still bullish

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