Skipping Stones By: Greg Schnell | October 14, 2019
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The markets were up this week on trade deal optimism. This 1-hour chart below shows a Friday rally that gapped up, but we stalled out and lost 20 S&P points heading into the close.
Looking for other bright spots, Apple broke to new highs, and in general the markets improved. Semiconductors also had a good week.
I covered off the currencies on the video as the US Dollar seems to be stalling around the 99 - 100 level. It has been a slow grind lately. The chart below shows the price moving back to the middle of the two trend lines.
Emerging markets continue to be in focus. A breakout here would be a big deal after a 21 month down trend.
For some education, one of the key tools in StockCharts is the ability to create an industry group chartlist and save stocks with annotations. I highlighted how to create a comprehensive REIT listing and then massage the data by changing sort order.
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must! • DiscoverGold
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