Weekly Review: Friday 7th December 2018

Mark NugentDec 2018, Weekly Review

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Weekly Review: Friday 7th December 2018

A difficult week. It started off quite well with a thawing of US/China relations at the G20 in Argentina. After a spell of risk-off sentiment, there was a concerted effort by the US administration to improve the risk tone which seemed to work for a while, but then we went into the Day of Mourning in the US and, while the market was closed, the arrest in Canada of the Huawei CFO, at the behest of the US. The end result – global equity indices all down for the week.

OPEC finally managed to agree a production cut this Friday afternoon (Friday) and the oil price is rising, albeit modestly.

Currencies moved little.

I lost around 0.6% on an S&P500 long but have re-entered. I closed last week’s Japan255 long on Monday for a gain of 1.55%. So I am up for the week and the month so far.

Let’s hope the Santa rally makes an appearance next week. Have a great weekend and I’ll see you on Monday with your Trading Plan.

To see the video, members can login HERE.

If you would like a free trial to the VIP Club you can find out more HERE.

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A difficult week. It started off quite well with a thawing of US/China relations at the G20 in Argentina. After a spell of risk-off sentiment, there was a concerted effort by the US administration to improve the risk tone which seemed to work for a while, but then we went into the Day of Mourning in the US and, while the market was closed, the arrest in Canada of the Huawei CFO, at the behest of the US. The end result – global equity indices all down for the week.

OPEC finally managed to agree a production cut this Friday afternoon (Friday) and the oil price is rising, albeit modestly.

Currencies moved little.

I lost around 0.6% on an S&P500 long but have re-entered. I closed last week’s Japan255 long on Monday for a gain of 1.55%. So I am up for the week and the month so far.

Let’s hope the Santa rally makes an appearance next week. Have a great weekend and I’ll see you on Monday with your Trading Plan.

Here is your video:

You can download the video HERE.

The updated Trading Plan is HERE.

There is an archive of all VIP Club member’s content on the VIP Club page.

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