Attention to the candlestick chart on 10/4
Today, on the 4th, we brought the MACD Mk2, but there seems to be no particular point to focus on compared to yesterday...
Japanese stocks are resilient as the 5-day moving average is downward but holding up. It seems solid unless the yen weakens...
The issue is that the slight decline in the NY3 market occurred last night in response to stronger-than-expected results in the ISM non-manufacturing sector. Particularly, the cyclical sector is weak. The significant drop in the probability of a 0.5% rate cut at the next FOMC meeting to 32.8% is a contributing factor.
I hope the employment statistics today will show a sharp upward trend, but if the results are as expected, the immediate ceiling of US stocks will be definite. I think Japanese stocks are quite heavy in terms of upside potential from here.
Japanese stocks are resilient as the 5-day moving average is downward but holding up. It seems solid unless the yen weakens...
The issue is that the slight decline in the NY3 market occurred last night in response to stronger-than-expected results in the ISM non-manufacturing sector. Particularly, the cyclical sector is weak. The significant drop in the probability of a 0.5% rate cut at the next FOMC meeting to 32.8% is a contributing factor.
I hope the employment statistics today will show a sharp upward trend, but if the results are as expected, the immediate ceiling of US stocks will be definite. I think Japanese stocks are quite heavy in terms of upside potential from here.
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