Dow 30 Nov 24 to Nov 28 Outlook

By News Robot

Lawrence’s Comment

Y-0 held and Y+1 cleared gave us upside breakout. Yet Dow failed to hold Y+1 and dropped back down to week low. Surprise announcements from ECB and then China gave us the shock target of doubling the range / Y+3. Closed the week above Y+2 and midpoint.

Unusual measures from the central banks around the world has turned the global stock markets into a pinball machine. Their on-the-fly decision making with no consideration of consequence is an eye opener. If there is no more b.s. this week, we are likely to see a consolidation week going into US Thanksgiving.


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