S&P: Currently re- testing January 2018’s high, and close to the record high, yet momentum..Chart & Levels from Analyst, Nicole Elliott – Investors Chronicle.


S&P SHORT TERM TRADER: Short at 2775; stop a bit above 2820. Target 2600.

S&P POSITION TAKER: Short at 2795; stop above 2875. Target 2600.

China A shares sprint again today MSCI to increase weighting

And about time too, some will say. This morning index provider MSCI said the weighting of Chinese mainland A shares in its global benchmarks will be quadrupled later this year, Reuters reports; from 0.71 per cent to 3.3 per cent weighting in its emerging markets index. The effect of this could be that as much as $80 billion would be forced into the Shanghai and Shenzhen stock exchanges. See this week’s Investors Chronicle magazine where detailed technical analysis on four major China-related indices are covered.

St David’s day today and The Trader heads west for a long weekend. Therefore, I’m afraid her Stock Market Outlook will not appear Monday 4th and Tuesday 5th March; back to normal on Wednesday.

Financial Markets and Political Commentary


, , , ,

Related Posts

About the author

High profile, trusted, veteran Technical Analyst with over 25 years’ banking experience. Key expertise in all areas of Treasury, especially foreign exchange, derivatives, fixed income and commodities. Acknowledged for personal contribution to new developments in the industry. Well regarded by the media for provision of accurate forecasts, succinct copy and entertaining sound bites. Thrives in dealing room environments – excellent interpersonal skills and a strong communicator with extensive business contacts. Looking for suitable and interesting opportunities.