By Chris Becker
Its all about volatility overnight, and not just the White House! US markets were rocked by serious intra-session volatility from tech stocks – including Amazon – disappointing on earnings, and also saw European bourses fall even as the Euro came off a bit against the very droopy USD. The durable goods order came in way better than expected but this was overshadowed by the continuing domestic political saga that is the Trump administration….
Yesterday in mainland China the Shanghai Composite was way down before lunch but has recovered to finish just in the green at 3249 points, still above previous resistance, now support at 3200 points. Its still on track for its next target atthe resistance level at the 3300 point mark, but probably no higher, note how the daily highs are starting to push back here:
