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
 

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