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


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.

 

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