Euro Stoxx 50 – Last Chance For Pullback

Euro Stoxx 50 – Last Chance For Pullback

After last week's rally in risk ended on a positive note in New York on Friday, it continues this morning with the Euro Stoxx 50 up 1.80% as of this writing.  Looking at the charts, the Euro Stoxx 50 is now slighly busting above previous support (2850), which...
Early Monday Morning Market Looksy

Early Monday Morning Market Looksy

Ain't no shame in this game…and risk assets are tumbling early this morning in Europe. The dollar is a beast and ramping higher. Looking at a chart of the Euro Stoxx 50, note the support area at the 200 day moving average (blue line) that got violated to the...
EUR/USD At Support Level

EUR/USD At Support Level

The dollar rallied further yesterday, bringing the EUR/USD back down to a multi-year trend line.  In early April the dollar pierced through a downward sloping trend line near 1.42 at the time and now is retesting these levels.  While this could provide some...
Initial Signs Of A Longer Dollar Rally

Initial Signs Of A Longer Dollar Rally

I know I know, a 1% up-move in the dollar index and people are getting all dollar bullish again.  Our job here is to look for clues and remain impartial and vigilant as we meander through this jungle calle the market.  One of the clues I tend to look for are...