In the USA, there is a tug of war between job openings falling and inflation. Have Trump’s Tariffs added to inflation, or will it should this happen, i.e. inflation rise, then cutting interest rates to boost jobs growth, i.e. openings, is going to be a little sticky, but the market has priced in an interest rate cut for the USA.

In Europe the market expects the European Central Bank (ECB) to keep interest rates at 2.0% inflation should be watched especially food although the ECB does not expect any great shocks.

Labour is behind in the polls to Farage, which is a big shame; it is mostly because of Farage’s stand on immigration. I wonder what the odds are on the next election at the Bookmakers of Labour having a second term or Farage winning the election? I am not saying it is going to be a white Christmas, but what are the odds you get on a White Christmas at the Bookmakers? When was the last official white Christmas? When was the last time you checked the numbers on your premium bonds?

Homework: Charts: Dow Jones daily bar chart closed at 45.400.86 the 15, 30, 60 and 100 (MA) are acting as support 15 at 45.277.72 there is support at 45.192.59 the is diverging from the 30 day giving a possible short term bye signal There is long term support going back to April 9th on a long term upward trend line at 45.164.01 there is strong support at the psychologic round figure 45.000.00 and the 30 MA is converging on the 60 day giving a pssible medium term sell signal. The 60-day MA is well below the market, diverging from the long-term 100-day MA, giving a strong long-term buy signal. There is a possible head and shoulders reversal in the 100 daily bar chart, and you should be aware of the gap which has not closed between June 23rd and June 25th.

Homework FTSE 100 chart. The market closed at 9,208.21. The 15-day moving average (MA) closed at 9,216.87, acting as resistance. The 15-day is slightly converging on the 30-day, giving a short-term sell, but both are pointing in an upward direction, so this could indicate a possible short-term buy. There is strong support at the psychological round figure of 9,200.00. There is support on the 30-day MA 9,172.48. The 30 MA is diverging from the 60 and giving a possible buy signal with the long-term 100 MA converging on the 60 MA. There is resistance at 9,253.53. 9,269.95 and 9,301.86. Strong support at 9,080.09.

Remember the only garantee in life is death and taxes.

Homework Charts: 15, 30, 60 and 100 Moving Averages. Are they converging or diverging, acting as resistance or support? Trend lines acting as support or resistance. Patterns, Gaps, exurstion, breakaway. Stochastics.

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