Macro Market · Market Commentary · Newsletter

Daily Commentary – Zig-Zac

It’s still October, and so the chopfest drags on for SPX and Dow, as both indices continue recent zigzag pattern of testing and failing at descending downtrend and pulling back the following day. Given recent history continues, we would likely see the recent lows tested tomorrow before bouncing again. The weakness was blamed on weak… Continue reading Daily Commentary – Zig-Zac

Macro Market · Market Commentary · Newsletter

Daily Commentary – Back Against the Wall

Relatively quiet start to the week with US equity markets in a narrow range, as SPX and Dow followed through to Friday’s weak close with a -6pt and -52pt decline respectively. No change to the technical picture, as markets are on shaky ground ever since slicing through bullish trendline. At the same time, key indices… Continue reading Daily Commentary – Back Against the Wall