It have been a flip-flop week for US and North Korea as summit were cancelled and then apparently restarted.
Will hiccups in the proposed meeting flare up geopolitical concerns again?
How should you manage your portfolio taking into account the risk and reward at the current market juncture?
In the near term, how should you trade your position on the global markets and stocks for the week beginning Mon, 28 May 2018?
U.S. stocks fell last Friday as geopolitical fears following President Donald Trump’s move to cancel a key summit with North Korea weighed on solid corporate earnings.
The Dow Jones industrial average dropped 58.7 points to finish at 24,753.09, led lower by losses in Chevron and Exxon Mobil.
The S&P 500 declined 0.24 percent to finish at 2,721.33, amid continued losses in energy and financial stocks.
U.S. West Texas Intermediate crude futures fell $2.83, or 4 percent, to settle at $67.88 on Friday after several headlines suggested OPEC and non-OPEC members could increase supply.
The move Friday represented WTI crude’s worst day since July 2017 where oil was off more than 7 percent from recent highs above $72.
However, helping the US market was the fact that The rate on the benchmark 10-year Treasury note has fallen roughly 15 basis points since Monday; it was last seen at 2.93 percent.
The Federal Reserve’s May meeting minutes released this week showed the central bank may be willing to let inflation run a little hotter than its two percent goal.
European stocks meanwhile closed slightly higher on Friday amid continued uncertainty surrounding Italy’s government-in-waiting.
Asian markets also closed slightly lower on Friday following overnight news that U.S. President Donald Trump canceled a scheduled summit with Kim Jong Un.
How would the world markets continue to move ahead this week?
You need to trade in the direction of the bigger trend. Your decision will lie solely on this to manage your trading portfolio.
And all you do need is to position yourself correctly and at the right instance to re-position your portfolio.
Get help from our BBTE algorithm-driven daily sheet, which will continue to keep track of the earliest change here in global markets for our elite members and in stocks around the world.
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|Prepared by Bulls and Bears Trading Education|
|For Publication||1||PT= Positive Tilt||Neutral means price could|
|Instrument Outlook||NT = Negative Tilt||be just range-bound|
|Instrument||Price||gory||Region||Country||Weekly Call||Daily Call||Price Direction||Price Cycle|
|1||MSCI EMERGING MKT||1156.300||Market||Emerging Market||MSCI Index|
|2||BEL 20 INDEX||3912.920||Market||Europe||Belgium|
|4||STOXX 600 EUROPE||384.640||Market||Europe||Europe|
|5||OMX FINLAND||9979.240||Market||Europe||Finland||Hold/Strong Bull||Hold/Strong Bull||Expect near term Up||Expect near term strength|
|6||CAC 40||5483.190||Market||Europe||France||Hold/Strong Bull||Hold/Strong Bull||Expect near term Up|
|7||GERMAN XETRA DAX||12580.870||Market||Europe||Germany||Hold/Bull||Neutral(PT)||Neutral||Expect near term strength|
|8||ICELAND MAIN INDEX||1373.940||Market||Europe||Iceland|
|10||NORWAY ALL SHARE||977.030||Market||Europe||Norway|
|11||PORTUGAL PSI 20||5527.690||Market||Europe||Portugal|
|13||SWISS MARKET INDEX||8843.020||Market||Europe||Switzerland|
|15||SAUDI TDW INDEX||8248.470||Market||Middle East||Saudi Arabia|
|16||TSX COMPOSITE||15668.930||Market||North America||Canada|
|17||DOW JONES INDUSTRIAL||24311.190||Market||North America||US|
|18||NASDAQ 100||6656.353||Market||North America||US|
|19||S&P 500||2669.910||Market||North America||US|
|20||SHANGHAI COMPOSITE||3082.232||Market||North Asia||China|
|21||SHENZHEN COMPOSITE||1776.127||Market||North Asia||China|
|22||HK HANG SENG||30280.670||Market||North Asia||HK|
|23||SENSEX INDEX||34969.699||Market||North Asia||India|
|24||NIKKEI 225 INDEX||22467.869||Market||North Asia||Japan|
|25||KOSPI INDEX||2492.400||Market||North Asia||Korea|
|26||AUSTRALIA ALL ORD||6042.900||Market||Oceania||Australia|
|27||IDX COMPOSITE INDEX||5919.238||Market||South Asia||Indonesia|
|28||FTSE KLCI||1863.470||Market||South Asia||Msia|
|29||PSEI INDEX||7721.020||Market||South Asia||Philippines|
|30||SPORE STRAITS TIMES||3577.210||Market||South Asia||Spore|
|31||THAILAND SET INDEX||1778.020||Market||South Asia||Thailand|
|32||VIETNAM VNI||1050.260||Market||South Asia||Vietnam|
|33||VIX FUTURES JUL||17.225||Market||VIX Futures||US|
|34||MSCI WORLD INDEX||2096.050||Market||World||MSCI Index|
|35||REUTERS GLOBAL INDEX||208.590||Market||World||Reuters|