Charts Today – US stocks tumble, back to testing medium term support [Video]

David Linton Updata Ltd

Charts Today – 15 August 2019 – US stocks tumble, back to testing medium term support

Dollar Index bullish and against the Yen.
Eurodollar lower and bearish shorter term.
Sterling still weak though improving slightly against the Euro.
Bitcoin weaker short term, now back below $10,000.
US stocks fell sharply, back to daily cloud support again.
Dow and Russell 2000 indices starting to break lower.
US indices set to open slightly higher today based on US futures.
UK blue chips and midcaps steady but still in bear trends.
Germany and French stock indices remain medium term bearish.
Asian stock indices mostly up overnight, Japan lower.
Crude oil moves lower but holds short term bullish.
Gold and silver up on global recession fears - bullish.
US 10 year yields break down to the 1.50s.
European banks, oil majors and resources stocks all lower.

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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