Month: August 2020

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Runs away from the 100 hour MA The USDJPY has caught the dollar buying fever and trades at its highest level since Tuesday.  That is not saying much as the pair has been in a narrow range of 105.293 to 105.866 since Tuesday afternoon.  That is not a lot of price action. Nevertheless the price is breaking outside of the range and running
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Dow industrial average is still negative The S&P and NASDAQ index have turned back positive. The S&P is up 0.03% the 3350.34. The NASDAQ index is up 0.15% at 11124.83. The S&P index has been up for 5 consecutive days. The NASDAQ index has been up for 7 consecutive days. The S&P index reached a new high going back
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Clever move from the President We were expecting executive orders on the payroll tax, student loan interest and rental eviction on the weekend but Trump surprised with another one: Unemployment benefits. Trump signed an order that will boost benefits by $300/week if individual states pay an extra $100/week. The move was not reported on rumored
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Nasdaq leads the way lower today. The NASDAQ and S&P are reaching new session lows. The NASDAQ is leading the way with a decline of 1.67%. It is currently down 186 points to 10921.44. The S&P index is down 20 points or -0.61% at 3328.80 Looking at the hourly chart of the NASDAQ index, the pair is getting closer to
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