Market Observations

SGT Chart Book

By SGT Trading Desk / 12 Feb 2024

S&P 500 Index reached new highs and breached 5,000 for the first time. Up 14 or the past 15 weeks for the first time since 1972. WOW! Nikkei hits a 34 year high. Now only approx. 5% away from ATH set December 1989…

Introduction to Support and Resistance in Trading

By Michael Kelley / 07 Feb 2024

In the sphere of financial trading, two fundamental concepts that are integral for traders and investors are ‘Support’ and ‘Resistance’. These principles form the foundation of technical analysis, guiding traders in predicting future price movements and making well-informed investment decisions.

With the price of Cocoa still on the rise, it looks like the wife will not getting a box of chocolates on Valentines Day!

By Tony Westfallen / 06 Feb 2024

The last time Cocoa prices traded at the current level, I was a young floor trader on the London Cocoa Exchange, that was back in 1977! Three years of poor global production and prices continue to sky rocketed, and they say there is no end in sight.

SGT Chart Book

By SGT Trading Desk / 05 Feb 2024

Highlights from Last week: 1. Non-farm payroll release on Friday 2. Wednesdays Fed Meeting, and 3. Mega cap stocks continue to perform…

Stellar Lumens (XLM): A Complete Guide

By Michael Kelley / 31 Jan 2024

Stellar Lumens, also known as XLM, is a digital cryptocurrency that has been generating buzz in the financial markets. In this article, we delve into what Stellar Lumens is, its origins, unique features, and its potential as an investment.

SGT Chart Book

By SGT Trading Desk / 29 Jan 2024

The U.S. economy reported another month of mild inflation in December, keeping the Fed on track to deliberate when and how quickly to reduce interest rates later this year.

Bitcoin Halving: A Definitive Guide to the Most Anticipated Event in Crypto

By Michael Kelley / 26 Jan 2024

Bitcoin halving, also known as “the halvening,” is a significant event in the world of cryptocurrency. It occurs approximately every four years and involves a reduction in the block rewards given to Bitcoin miners. This event…

SGT Chart Book

By SGT Trading Desk / 22 Jan 2024

New all-time highs (ATH’s) for major US equity indices. With SP500 breaking above previous highs set in 2022. The week’s data for US was very mixed, with yields on 10-year note rising to highest levels since December. Summary is that investor feel inflation has peaked, but chances of rate cuts in 2024 have fallen.

So, there you have it – buy on the rumour, sell on the fact!

By Tony Westfallen / 16 Jan 2024

And the fact is, a BTC ETF is not the same as Bitcoin After all the hype, all we heard were tears. Not only from those who expected BTC to rocket but also from those trading in options, who, I understand, took a big hit…

SGT Chart Book

By SGT Trading Desk / 15 Jan 2024

Highlights from last week – just in case you missed them! New all-time highs (ATH) seen in the Dow on Friday, the S&P500 still below highs set 2 years ago. How significant is this divergence?…