MARKET TRENDS (13th Feb 18)
Important Economic Announcements for the week:
Tues: GBP CPI 5.30 pm
Wed: Euro GDP 6 pm US Retail Sales and CPI 9.30 pm
Thurs: Aud Unemployment Rate 9.30 am
The markets have been more volatile than I have expected as Dow is going through trading days in 1000 points range. Algo Trading has been highlighted as one of the culprits. Nonetheless, the big picture seems to me to be still one of a well-deserved correction and the underlying trend is still up. However, we should expect the volatility to persist through this consolidation stage. In this write-up, I have pulled out a few charts and did an analysis of how past crisis can affect the markets. Hopefully, it will give us some insights on the next likely course of direction for the equity markets ahead.
Source: STI Chart from YahooFinance as of …