On 13/08/2021 TraderTalent.com is bringing you another guest post from Bryan Noble.

U.S. Equity Markets bounced around again on jobs and inflation data, ending yesterday’s session higher, as both the Dow and S&P closed at yet another new all-time high. Labour market and inflation data were the big story of the day. Jobless Claims fell, matching estimates. While Initial Claims have stalled out around the 375,000 level, Continuing Claims continue to fall. The four-week moving average of continuing claims is at the lowest level since March 2020. This is an incremental positive for the labour market. In other economic data, Producer Price Index (“PPI”) came in well ahead of expectations, potentially fuelling investors’ inflation fears. Federal Reserve speakers were making headlines again, with San Francisco Fed President Mary Daly saying that the time to pull back on support was near. Daly said that she is in favour of the taper beginning late this year or early next year. European Markets rose for the tenth consecutive trading session. Euro-Zone Industrial Production fell in July from the previous month, marking the second straight month of declines, as supply-chain issues continue to limit manufacturing. The International Energy Agency lowered its demand forecast for crude in 2021, citing new waves of COVID-19. However, OPEC kept its demand outlook the same and said that the oil market should tighten up next year. The U.K. said that fully vaccinated citizens will not have to self-isolate when coming into contact with someone with COVID-19 starting next week. In Asia, the Chinese government laid out a five-year regulatory plan, promising broad oversight of the economy. Chinese new yuan loans hit an 18-month low, indicating the need for continued policy support. Treasury Secretary Janet Yellen was said to be planning a trip to China to continue trade talks. New Zealand announced that it would reopen its borders to international travel beginning in the first quarter of 2022. Elsewhere, Oil closed 0.40% lower after the IEA lowered its demand forecast for 2021, citing new COVID-19 variants, while Bitcoin fell 5%, closing below the key $45,000 support area.

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Hi Everyone

A much weaker than expected University Of Michigan Consumer Sentiment ties in will my view that we are seeing a drastic slow down in Economic Conditions in the States
Earlier the Dow hit my second sell level at 35570 for a now 35495 average short position
I will now raise my T/P level on this position to 35440
Kind Regards
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