2018-06-10: Weekly update on OMXS30, SP500 and Euro/Dollar

We entered last week with the SP500, OMXS30 and Euro/dollar more or less oversold, with an upswing being the most probable scenario. In the case of the American index and the euro, that is what happened. For the OMX, however, the buyers remained weak (very weak considering the heavy drop of the previous weeks), leaving … Continue reading 2018-06-10: Weekly update on OMXS30, SP500 and Euro/Dollar

2018-06-03: Weekly update on OMXS30, SP500 and Euro/Dollar

The past week saw a couple of throws due to worries over Italian politics. Sweden’s OMXS30 continued to trend downwards while the US, like too often, painted a more positive picture. Meanwhile the Eurodollar, after falling sharply, has encountered some initial resistance in level with the midterm uptrend. Can we expect a turn? OMXS30 What … Continue reading 2018-06-03: Weekly update on OMXS30, SP500 and Euro/Dollar

2018-05-20: Weekly update on OMXS30, SP500 and Euro/Dollar

The last week saw most major indexes strengthening. Likewise the dollar continued to gain on the euro and the yen. The cryptos have lost in value and are now trading around critical levels. OMXS30 What has happened? Things are beginning to brighten for OMXS30. This week began with a couple of tests of the 1952-level … Continue reading 2018-05-20: Weekly update on OMXS30, SP500 and Euro/Dollar

2018-05-06: Weekly update on OMX30, SP500, Euro/Dollar and the cryptos

OMX30 still appears trapped in a down-slopping trend. However, after the effectuation of the double bottom, whose second touch played out in April and the break out of the rectangular squeeze, we have been trading higher. At the moment price action is stuck just beneath the 1600-level, the upper band in the negative trend channel … Continue reading 2018-05-06: Weekly update on OMX30, SP500, Euro/Dollar and the cryptos

2018-05-03: Update on OMX30, SP500 and Investor

OMX30 Since early November, OMX 30 has been trending downwards. Since then we have had three, and we are touching upon the fourth, attempts to break out above the 1600-level. However, after two touches on the mighty resistance level around 1500 (the lower black line), price action has stabilised. Especially after the breakout through the … Continue reading 2018-05-03: Update on OMX30, SP500 and Investor