By Chris Becker
After a little bump that extended to stocks outside the US sphere, American bourses returned to their record closing highs overnight, even though Apple tried to drag the edifice down. Wobbly markets in Europe and Asia as traders were cautious around the 30th anniversary of the Black Monday crash among other geopolitical concerns leading to rises in safe havens like Treasuries, Yen and gold.
Recapping Asia yesterday first where in mainland China the Shanghai Composite still failed to beat its key resistance level at 3400 points, even after a solid GDP print, closing down 0.3% to 3370 points. The daily chart is still showing a build up to overhead resistance, but a definite reluctance to break through to the other side:
