Technical Analysis

Up $0.22 or 0.35% The price of crude oil futures are settling at $63.27. That is up $0.22 or 0.35%.  The price did dip into the negative territory down to $62.81 (the price closed on Friday at $63.04) in the New York session as stocks rebounded, and fear from the Middle East subsided. However, the price
Nasdaq stocks gettting hit The USDJPY is running to the downside as the US stocks hit the skids. The Nasdaq is now trading down -0.86% on the day. The S&P is down -0.45%. The Dow is down -0.38%.  There seems to be some profit taking before year end in the tech sector. The fall has
It’s becoming a cliché It’s becoming a cliché this week but the S&P index and NASDAQ index are trading 2 new fresh session highs on the day and new all-time highs.   The S&P index is up 19.88 points at 3225.23. The high price just extended to 3225.65 The NASDAQ index is trading up 43.72 points at 8930.96.
Moving away from the 50% retracement The EURUSD is continuing the move to the downside and in the process is moving away from the 50% retracement 1.1089.  The next target would be a lower channel trendline that comes in at 1.10768. Below that is the 100 day moving average at 1.1063. Also near that level is the 61.8% retracement of the move
Another soggy close as gains cannot be sustained The major US stock indices sagged into the close for the 2nd consecutive day as markets await Dec 15 tariff date (will the US add tariffs or postpone them and what will the China response be), FOMC and ECB decisions on Wednesday and Thursday respectively. The ECB