Philip Chua Business Blog

Posts Tagged ‘moving average’

Risk markets shrugged off the previous day's bearish Moody's/Greece news and pushed higher from the European open. The S&P500 is currently up 2.1%, back to 19 May levels, and breaking above the 200d moving average (the market has been fi xated by this indicator for the past few weeks). The

We have fiddled around in recent days with key inflection points in risk, including the 200-day moving average in the US S&P500 and the Ichimoku cloud level in USDJPY, not to mention the 200-day moving average in risk trades like USDCAD, but today seemed to offer a rather definitive statement

Conflicting signals as we remain trapped below ‘channel’ resistance with two consecutive small ’spike lows’ ahead of the 26-wek moving average at 89.30. The Ichimoku ‘cloud’, which thickens and drops mid-May, suggests one should continue to hold a short position while the moving averages turned to a long one mid-February….

The latest rally has stalled again against ‘channel’ resistance which happens to lie at the 200-day moving average at 92.25. Though well below the weekly Ichimoku ‘cloud’, slightly worrying is that the 9 and 26-week moving averages have crossed to a buy while all other elements of this chart suggest…

Retreating from ‘channel’ and Fibonacci retracement resistance, as expected, as consensus opinion sees the yen weakening to 99.00 in twelve months’ time. The weekly close below the 9-week moving average has turned momentum bearish and many other yen crosses are doing something similar. All other elements of the ‘cloud’ chart…

The number of U.S. workers filing new applications for jobless insurance was unchanged last week, but the four-week moving average of claims dropped to its lowest in almost a year.







Insurance – United States – Jobless claims – Business – Financial Services