Market Talk – May 8, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 632.73 points or -1.63% to 38,202.37 Shanghai decreased 19.26 points or -0.61% to 3,128.48 Hang [...]
Dow hits 20,504.41
QUESTION: Marty, you said the “main resistance stands for this week at 20505.” The Dow stopped today at 20504.41 and closed on the high. Nobody produced numbers like you do. The Dow goes up and the euro declines. I can connect the dots. Is this correct?
ANSWER: Correct. It is the capital flows and Europe is just not even discussed in mainstream media right now because they are far too busy always trying to undermine Trump in an outright war. Keep in mind that the 21,464 area is really the critical level during February. At this point, the Dow would have to close below 18,000 to sound any alarm bell. As I have been warning, domestic analysis just doe not cut it in this global environment.
Latest Posts
PRIVATE BLOG – May 7th Continues
PRIVATE BLOG – May 7th Continues Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
British MoD Allegedly Hacked by China on May 7
The Ministry of Defence (MoD) announced on May 7 that they were targeted by hackers. The initial announcement did not state who was responsible, but Sky News reported that their [...]
Germany and Japan to Hold Joint Naval Exercises
Japan and Germany announced plans on May 6 to hold joint naval exercises to “maintain the rules-based international order.” Despite forming an alliance over the last world war, the two [...]
