By Chris Becker
While tech stocks advanced in the US, the ECB’s lack of defining language and continued accommodation kept the Euro elevated and European shares depressed. The US domestic political imbroglio kept the major industrial stocks at bay, as hot money went to bonds and out of the USD again on the safe haven bid.
Yesterday in mainland China the Shanghai Composite closed up 0.4% higher to remain above previous resistance, now support at 3200 points. The next target is the resistance level at the 3300 point mark, but probably no higher as this bear market continues to squeak sideways over the long run:
