Nov3 (Sunday night) – market comments

Sunday evening – it’s time to check for changes in weekly momentum:

  • EURJPY turned bearish
  • USDCHF turned bullish
  • NZDCAD turned bearish
  • NZDUSD turned bearish

In terms of weekly momentum points points- AUD 6, JPY 6, EUR 5, USD 5, CHF 3, CAD 2 , NZD 1 and GBP 0.  In summary, NZD is losing on the momentum front, and USD is gaining a bit.  

Momentum on Equities – Spain has turned bearish – joining the Nikkei as the only other market with bearish weekly momentum.  All other equity markets continue to have bullish momentum.

 I will need to wait to Monday morning to update the weekly STAM points because the MT4 platform, on which the STAM dashboard is based, requires the weekly candle to be closed.

Mgmt of open position – it looks as if there will not be any sizable gaps in the market tonight.  Thus I don’t need to make any changes to the short S3 GBPCHF position that I have in the market.

 See you in around 9 hours!

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