The market certainly has been drifting down following President Donald Trump missile into Syria and MOAB in Afghanistan and warship exercises off the shore of Korea. Markets do not like the hint of war but I believe:
That's because its one thing to fire missiles and watch from afar. Its another thing to mobilize an army and sent it into enemy territory. Even if you win, the cost of maintenance is detrimental to a country's economy. Think Iraq and Afghanistan and the trillions of dollars it cost Americans.
French Presidential election and legislation is around the corner, so the whole markets will be watching them. Let us take a look at the charts below to know what to expect of the French election. If history is correct, the incumbent party will stay in power and Benoit Hamon will be the next French president.
If you are interested in learning about how stock markets around the world can predict election results do read Stock Market Secret : How stock markets around the world have correctly predicted elections 80% of the time (Must Read).
SPY seasonality chart from Stockcharts.com.
Headlines snapshot taken from DailyMail.com's article. Click on link to read it.
I have done a full article titled How To Use Seasonality Charts To Time The Market which continues the discussion of various asset classes. Click on the link to read it.
Aug 16, 18 07:28 AM
In this lesson, we will learn how and why BMY manage to bottom out and start a new uptrend.
Aug 14, 18 08:19 AM
In this lesson we will learn and examine why Pentamaster was able to recover all of its losses to start a new uptrend and achieve new highs.
Aug 13, 18 05:56 AM
The KLCI is currently at resistance territory after a nice big rally. I would consider a sideways trading a possible scenario at the moment.
Aug 13, 18 05:22 AM
In this lesson, we will learn how AAPL's 15 Min stock chart formation help to send the stock higher for 2-3 days to give traders a nice swing trading opportunity.
Aug 07, 18 08:10 AM
In this lesson, we will investigate and learn why the S&P 500 had a nice rally in July 2018 after a correction in June 2018. Learn how the charts and technicals hinted of a bullish reversal.