Tuesday, October 6, 2020
Monday, October 5, 2020
Saturday, October 3, 2020
Baltic dry index - 2020
Today, Friday, October 02 2020, the Baltic Dry Index climbed by 151 points, reaching 2020 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
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Related stock: Sembcorp Marine, Cosco & Pan ocean.
Friday, October 2, 2020
US ISM PMI analysis for September 2020.
S&P 500 Technical analysis. - Part 4
http://sg-stock.blogspot.com/2020/09/s-500-technical-analysis-part-3.html
I was asked to give my opinion on the new resistance line. Here it goes!
The new resistance line will be the previous peak in Feb 2020 and I've drawn the line to show it. Coincidentally, the S&P also stayed below that new resistance line that I've drawn. Please bear in mind that the candlestick gap will provide a good support range unless the S&P crashes through the gap.