Market Sentiment Wobbles However Promoting Shares Solely For The Courageous

Market sentiment evaluation:

  • Dealer confidence just isn’t excessive at current, with US shares off their highs.
  • Nonetheless, it’s nonetheless too early to say whether or not the Wall Street indexes have peaked.

Dealer confidence wavering

Merchants aren’t assured at current, with the Dow Jones Industrial Common, the S&P 500 and the Nasdaq 100 all off their highs. Nonetheless, few merchants are but keen to promote Wall Avenue shares and there may be extra confidence within the foreign money markets, the place the British Pound and the Euro are gaining floor towards the US Dollar.

S&P 500 Worth Chart, Day by day Timeframe (January 4 – September 14, 2021)

Latest S&P 500 price chart.

Chart by IG (You possibly can click on on it for a bigger picture)

Elsewhere, the gold price appears to be caught under $1,800 per ounce whereas Bitcoin can also be failing to rise. Nonetheless, the crude oil price is benefiting from fears that the subsequent tropical storm might injury crude output in Texas.

On this webinar, I appeared on the developments within the main foreign money, commodity and inventory markets, on the forward-looking knowledge on the economic calendar this week, on the IG Client Sentiment page on the DailyFX website, and on the IG Client Sentiment reports that accompany it.

— Written by Martin Essex, Analyst

Be happy to contact me on Twitter @MartinSEssex

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