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An earlier update here this morning noted the Outside Day reversal seen yesterday in the Dow Jones. Earlier this morning the Dow futures were on the rise and that was delivering an implied opening close to 41,700, after the index closed last night at 41,606. Well, as this update is being typed the Dow futures are tracking lower again. That comes as the major European stock markets now turn negative across the board. What was not noted here in that earlier update concerning the Dow Jones, was that yesterday was a Full moon. Now sometimes that lunar cycle can coincide with stocks. Surely some of you will dismiss that as mumbo Jumbo, but it can be interesting and it can coincide with a trend change for the markets. This analyst is by no means sold on that though, but at the same time, this is an interesting observation at least worthy of coverage here. Connecting the lunar cycle to the markets is something that has been looked at very closely in years past
Earlier today the slide in the dollar allowed the Pound to have a very close look at a level mentioned here many times before. That is the 2024 high...
Since the last update here on the Nasdaq 100, the index has suffered further selling and a lot of that is heavy losses across the big tech sector. The...
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