Market When Closed, Sunday 11 August
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OK So Now What?
by Alex King
Last week started with a flash crash, made like a yo-yo all week, and closed a little up on the week as though nothing had happened. So either (a) it was a nothingburger, a glitch in the machine or (b) it was a spike down in the general Q3 selloff into around election time. No-one knows which - or at least if anyone does know which, they're likely keeping it to themselves because profits and because jail.
The charts we publish here daily can be used to plan hedging, stop-losses, profit-taking orders, you name it. Let's dive in and see how markets stand as of Friday's close, before the opioid drip begins again on Sunday night.
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Let’s Get To Work
As always in our market notes, we deal with long- and short-term charts covering the main US equity indices - that’s the S&P500, Nasdaq-100, Dow Jones-30, and the Russell 2000 - plus bonds, volatility, oil, and key sector ETFs. You can use these daily notes to help you navigate long-term investments, and/or to help you action short-term trading. Any paid-tier subscription here gets you these notes every trading day.