October 17th, 2023 This morning, we have a tug of war between technicals within the indexes and the market leaders, namely interest rates. The daily charts have been consistently showing the same pattern over the past several sessions. The ES is currently slightly below its 5-day moving average (4388.75) and my neutral area of 4406.50. […]
IN THE OVERNIGHT 17 OCTOBER
Mixed Markets TOP STORIES OVERNIGHT German Investor Confidence Improves as Interest Rates Hit Peak-BBG German investor confidence improved for a third month — signaling hope that an end to more than a year of interest-rate increases can help Europe’s biggest economy overcome its current weakness. The ZEW institute’s gauge of expectations rose to -1.1 in October from […]