Charts Today – Stocks steady, LSE technical glitch, US set to open higher [Video]

David Linton Updata Ltd

Charts Today – 16 August 2019 – Stocks steady, LSE technical glitch, US set to open higher

Dollar Index bullish and against the Yen.
Eurodollar breaks back below $1.11, bearish.
Sterling gains.
Bitcoin weaker short term, back below $10,000.
US stocks little changed, on daily cloud support.
Russell 2000 index a worry. US indices set to open higher today based on US futures.
UK blue chips and midcaps not trading this morning due to technical glitch at LSE.
Germany and French stock indices up but remain medium term bearish.
Asian stock indices mostly up overnight, charts still weak.
Crude oil moves lower back to short term bearish.
Gold and silver hold bullish.
US 10 year yields break test the 1.50% mark.

Author

David Linton

Updata Ltd

David Linton founded Updata in 1991 after several years trading and developing systems himself. He is a regular commentator on financial markets in the UK press and TV.

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