Stock Indices: on last day of May: TC

The major stock indices are consolidating on their 4hr charts, much like most FX pairs, and one can only hope that a breakout will trigger soon! I heard one market commentator today say that the only thing he thinks will de-rail stocks is if the Trump tax overhaul fails and the US tax cuts do not get passed. In their view, even an impeachment might not do too much damage as there will still be a Republican government in place with either Pence or Ryan to fill the shoes. Something to mull over as some indices keep flirting with all time Highs.

The same drill applies here; watch for any trend line breakout that evolves with increased momentum.

S&P500 4hr:

S&P4hr

DJIA 4hr:

DJIA4hr

NASDAQ-100 4hr:

NASDAQ4hr

FTSE-100 4hr:

FTSE4hr

DAX 4hr:

Dax4hr

ASX200 4hr:

ASX2004hr

JP-225 4hr: Index made up of Japan’s top 225 blue-chip stocks.

JP2254hr

STOXX-50 4hr: Index made up of 50 of the largest and most liquid Eurozone stocks.

STOXX504hr

Leave a Reply

Your email address will not be published. Required fields are marked *