Despite A Solid Day, The Longer-Term Charts Are Still Sluggish (Technically Speaking For 4/21)

Apr. 21, 2021 8:46 PM ET, , , 6 Comments
Hale Stewart
10.37K Followers

Summary

  • The Australian and Canadian central banks have a positive global outlook.
  • Defensive sector charts look attractive.
  • The bulls came roaring back today.

Young finance expert analyzing financial charts on smart phone
Photo by guvendemir/iStock via Getty Images

The Reserve Bank of Australia released its latest Meeting Minutes, which contained the following observation about the international economy (emphasis added):

Members concluded their discussion of recent international developments by noting that the global

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10.37K Followers
Hale Stewart spent 5 years as a bond broker in the late 1990s before returning to law school in the early 2000s. He is currently a tax lawyer in Houston, Texas. He has an LLM in domestic and international taxation (MagnaCumLaude). He is the author of the book The Lifetime Income Security Solution. Follow me on Twitter at @originalbonddadYou can read his legal analysis on his law office's blog.

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