S&P Dropping again, with the MACD steadily bearish..Chart & Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

S&P SHORT TERM TRADER: Short at 2500; stop well above 2625. Target 2200.

S&P POSITION TAKER: Might sell on a close below 2500 today or, better, next Friday.

Japanese inflation slows Nowhere near target

Data out from Japan overnight showed that nationwide CPI slowed to an annualised rate of 0.8 per cent in November from 1.4 per cent the previous month. This is the sharpest month-on-month fall in almost 4 years and underlines just how far Abenomics and its three arrows are from hitting their targets.

Today is the Winter Solstice, the shortest day of the year in the northern hemisphere; the opposite is obviously the case south of the equator where my daughter, who is in Brazil, says, ‘it’s too damn hot!’ I will be taking time off between now and the New Year, partly because markets are irrelevant or illiquid, but also because I find it a good time to take stock, review, and sketch out rough plans for the coming year; I urge you to do the same. In the meantime, wishing my readers this Season’s Greetings. Back on Wednesday 2nd January 2019.

Financial Markets and Political Commentary
 

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