Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 28th of August.
It is official, European Central Bank head Mario Draghi has called off his trip to the annual Jackson Hole conference of central bankers. What that means is anyone's guess, his official reason was "because of the heavy workload foreseen in the next few days." Got it!
Just a reminder we have very thin trading conditions at the moment on the big board. Many traders are still on vacation, we have a convention, a hurricane, Jackson Hole and all kinds of other distractions this week. In a nutshell the markets are moving on very thin volume which can sometimes cause distortions in market activity and price action.
The key word this week is : CAUTION
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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