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Stocks

China’s Hang Seng Index Remains Neutral

Chinese stocks experienced a strong rally throughout the month of September, but have been quiet and neutral throughout October. The Hang Seng Index continues to trade below the $21.1k resistance level, and I think we can eventually see a move higher. For now $21.1k is a key resistance level that needs to break for HSI […]Read More

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Stocks

VIX Facing Resistance at $22

The VIX has shown bullish momentum over the past few days, but is trending for a red day today with resistance at $22. I would carefully monitor the $22 resistance level here to see if the VIX flips resistance into support. For now it’s looking like a rejection at this white trendline. I think the […]Read More

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Stocks

QQQ Retesting the White Zone as Resistance

QQQ is surprisingly green today despite the worse than expected jobs report and jobs revisions. On a positive note the unemployment rate is still low, and Sahm’s rule has has become untriggered as the unemployment rate remains flat. I think jobs data will be important to monitor over the next few months because there are […]Read More

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