The Chartist is looking to go long the US S&P 500 on any pullack, but will be ready to chase on a break-out.
The Fed did not specifically shift its potential tapering timetable out to 2014. Dow down 61. (Accessible only for subscribers before 10:15 AEST)
Forex.com’s Kathleen Brooks asks the obvious question.
While the S&P marked a new all-time high in April, the Dow Jones has only now achieved the same result after a 111 point gain last night. (Accessible only for subscribers before 10:15 AEST)
Wall Street stalled around all-time highs last night as investors waited to hear exactly what the Fed’s new plans are post the shutdown. Dow down 1 point. (Accessible only for subscribers before 10:15 AEST)
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A brief look at important company events and economic data releases next week.
Chinese liquidity issues have been shrugged off as reasonable earnings reports drive Wall Street higher. Dow up 95. (Accessible only for subscribers before 10:15 AEST)
China’s recovery took a step back yesterday with news of extensive loan write-downs by the country’s biggest banks and another Shibor scare. Dow down 54. (Accessible only for subscribers before 10:15 AEDST)
A weak US jobs number suggests Fed tapering is very much a 2014 consideration, if even that soon. Nothing to do but buy it. Dow up 75. (Accessible only for subscribers before 10:15 AEST)