19th October Monday Market Update #239 – Change of leadership, or a market correction?

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Hello Traders,

Thanks to those of you who joined us today. I should reiterate that the Monday Market Update is just that. A big picture overview of the markets, with a few ‘charts of interest’ thrown in. There are no trade recommendations, this is not a signal service – just what I am looking at and interested in.

Today we looked at; FX STAM, Magnificent Seven ETF ($MAGS), Meta Platforms ($META), Micron Technology ($MU), Caterpillar Inc ($CAT), Lockheed Martin Corporation ($LMT), GE Aerospace ($GE).

We also covered the usual suspects: $DJIA, $NDX, $SPY, $RTY, $DAX, $FTSE, $N225, $WTI, $XAUUSD, $XAGUSD, $BTCUSD, $USD, $DXY, $JPY, $AUD, $CHF, $NZD and $GBP.

Have a great trading week.

***We return in two weeks on Monday 2nd November.***

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Trade well,

Paul

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