Perfect summer storm brewing for stock correction as trade war simmers and more Fed action awaited
- Some analysts are expecting a stock market correction in a seasonally weak time of year, while markets await developments on trade and Fed policy that are not expected until September.
- This has created an information vacuum for markets, including the void left as corporate earnings season winds down.
- Just about 60 S&P 500 companies report in the coming week, including media names like Disney, News Corp. and Viacom. Read More @ https://www.cnbc.com/2019/08/02/perfect-storm-building-for-market-correction.html
We agree that the perfect storm for the USD & Financial Market are in the making and correction will come at the point where everyone is complacent and over confident.
Here is our TECHNICAL CHART – Weekly View for this Week.
This chart explain the weak and strong performer for last week; and we also indicate the kind of instrument we will BUY & SELL this coming week. The chart also give traders a glance of last week overall performance of the market. Learn to know VIX (Fear Index) – The CBOE Volatility Index (VIX) is a measure of expected price fluctuations in the S&P 500 Index options over the next 30 days. The VIX, often termed as the “fear index,” is calculated in real time by the Chicago Board Options Exchange (CBOE). … The time period of the prediction also narrows the outlook to the near term. This index will give traders and idea of where will the market go.
USD dollar Index is the mother of all currencies…is important to understand the vital role this index plays when you are trading the Currencies market. You can see the above USD Index the pullback have started and traders will jump into the bandwagon to sell-off USD till the chart pattern of the Head & Shoulder is completed or the prices moves back to MA200.
Philippine Stock Exchange on the hand looks good for a Buy – as traders looks for opportunity; President Duterte build, build, build policy will continue to fuel the Index to move higher. We will buy on all pullbacks of the PSE Index.
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