Weekly Update – 15 November 2020 – LS Trader
LS Trader Blog | Financial Spread Betting System
by Phil Seaton
4y ago
Stocks From last week: “Stocks appear to have put in a short-term bottom on the 30th October and have rallied since. This week has seen both the S&P 500 and the Nasdaq 100 rally to test the upper trendline of a symmetrical triangle. If the breakout is successful, we may see a test of the all-time highs.” The S&P 500 did make a successful breakout and printed new all-time highs on Monday, but ended up with an ugly candle. However, the weakness of that candle came back to re-test the symmetrical triangle, and that level held, and the market made a new all-time closing high on Friday. The ..read more
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Weekly Update – 15 November 2020 – LS Trader
LS Trader Blog | Financial Spread Betting System
by Phil Seaton
4y ago
Stocks From last week: “Stocks appear to have put in a short-term bottom on the 30th October and have rallied since. This week has seen both the S&P 500 and the Nasdaq 100 rally to test the upper trendline of a symmetrical triangle. If the breakout is successful, we may see a test of the all-time highs.” The S&P 500 did make a successful breakout and printed new all-time highs on Monday, but ended up with an ugly candle. However, the weakness of that candle came back to re-test the symmetrical triangle, and that level held, and the market made a new all-time closing high on Friday. The ..read more
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Weekly Update – 8 November 2020 – LS Trader
LS Trader Blog | Financial Spread Betting System
by Phil Seaton
4y ago
The long-term trend picture has not changed despite the trading activity this week. The long-term trends are up for stocks, metals, interest rates, and grains. The long-term trend remains down for the Dollar and energies. Stocks From last week: “The long-term trend remains up for global markets. US markets remain above medium-term support, and until that breaks, bearishness is premature.” Stocks appear to have put in a short-term bottom on the 30th October and have rallied since. This week has seen both the S&P 500 and the Nasdaq 100 rally to test the upper trendline of a symmetrical trian ..read more
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Weekly Update – 8 November 2020 – LS Trader
LS Trader Blog | Financial Spread Betting System
by Phil Seaton
4y ago
The long-term trend picture has not changed despite the trading activity this week. The long-term trends are up for stocks, metals, interest rates, and grains. The long-term trend remains down for the Dollar and energies. Stocks From last week: “The long-term trend remains up for global markets. US markets remain above medium-term support, and until that breaks, bearishness is premature.” Stocks appear to have put in a short-term bottom on the 30th October and have rallied since. This week has seen both the S&P 500 and the Nasdaq 100 rally to test the upper trendline of a symmetrical trian ..read more
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Weekly Update – 1 November 2020 – LS Trader
LS Trader Blog | Financial Spread Betting System
by Phil Seaton
4y ago
Stocks Stocks moved lower this week which included a sharp down day on Wednesday. Despite this week’s selling and all the noise about increased volatility ahead of the US election this coming Tuesday, the downswing that began on the 13th October is comparable to the swing down from the all-time high that started on the 3rd September. The long-term trend remains up for global markets. US markets remain above medium-term support, and until that breaks, bearishness is premature. The Dax has been the weakest index of late and could complete a change of trend to down early this week. The FTSE, whic ..read more
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Weekly Update – 1 November 2020 – LS Trader
LS Trader Blog | Financial Spread Betting System
by Phil Seaton
4y ago
Stocks Stocks moved lower this week which included a sharp down day on Wednesday. Despite this week’s selling and all the noise about increased volatility ahead of the US election this coming Tuesday, the downswing that began on the 13th October is comparable to the swing down from the all-time high that started on the 3rd September. The long-term trend remains up for global markets. US markets remain above medium-term support, and until that breaks, bearishness is premature. The Dax has been the weakest index of late and could complete a change of trend to down early this week. The FTSE, whic ..read more
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Weekly Update – 25 October 2020 – LS Trader
LS Trader Blog | Financial Spread Betting System
by Phil Seaton
4y ago
The markets continue to trade mostly sideways in the run-up to the US election. However, multiple markets are within range of breakouts, and this rangebound trading is likely to resolve soon, with the odds favouring a breakout in the direction of the prevailing long-term trends. Stocks Stocks have consolidated for a second week, closing slightly lower. Candle bodies ae shrinking on the daily and weekly charts, which show indecision as we move into the final week ahead of the US election. The Nasdaq 100 closed lower for the first week in five and has printed several clustered closes. As with th ..read more
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Weekly Update – 25 October 2020 – LS Trader
LS Trader Blog | Financial Spread Betting System
by Phil Seaton
4y ago
The markets continue to trade mostly sideways in the run-up to the US election. However, multiple markets are within range of breakouts, and this rangebound trading is likely to resolve soon, with the odds favouring a breakout in the direction of the prevailing long-term trends. Stocks Stocks have consolidated for a second week, closing slightly lower. Candle bodies ae shrinking on the daily and weekly charts, which show indecision as we move into the final week ahead of the US election. The Nasdaq 100 closed lower for the first week in five and has printed several clustered closes. As with th ..read more
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Weekly Update – 18 October 2020 – LS Trader
LS Trader Blog | Financial Spread Betting System
by Phil Seaton
4y ago
The markets continue to consolidate overall, with the probabilities favouring breakouts to resume the prevailing long-term trends, which are currently up for stocks, commodities and interest rates, but down for the dollar. The current quiet trading period seen in many markets will likely come to an end in the next couple of weeks, with the US election as a possible trigger for volatility. Stocks Stocks began the week with strength but fell back through to Friday. The low of the week was printed on Thursday, where buying came in, and a hammer was printed. The long-term trend remains up and a te ..read more
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Weekly Update – 18 October 2020 – LS Trader
LS Trader Blog | Financial Spread Betting System
by Phil Seaton
4y ago
The markets continue to consolidate overall, with the probabilities favouring breakouts to resume the prevailing long-term trends, which are currently up for stocks, commodities and interest rates, but down for the dollar. The current quiet trading period seen in many markets will likely come to an end in the next couple of weeks, with the US election as a possible trigger for volatility. Stocks Stocks began the week with strength but fell back through to Friday. The low of the week was printed on Thursday, where buying came in, and a hammer was printed. The long-term trend remains up and a te ..read more
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