What’s catching my eye

What’s catching my eye.
A list of markets which are at points of extreme, a change in direction or developing a new trend.

Short Term (daily) Extremes:
Overbought – the Nasdaq, S&P 500 and Dow Jones Industrials

New Short Term Trends:

Lower…..
Gold (in USD)
AUDJPY (i.e. risk-off)
Brent Crude
Platinum
Russell 2000
Cattle

Higher….
Nikkei 225
DAX 30
SOX Index
Hang Seng China Enterprises Index (HSCEI)

very close – new Higher trend;
DXY (USD Index)
FTSE 100
CAC 40
Italy’s MIB

very close – new Lower trend;
Silver
Shanghai Composite

And Iron Ore (3 days ago) and Lumber had bearish outside reversal days

August 25, 2020
by Rob Zdravevski
rob@karriasset.com.au