STA Blog

Charting the Markets with IG TV: Chris Beauchamp on markets post Trump postponement

Recorded on the morning of 14th August 2019, the day after President Trump decided to postpone new trade tariffs on Chinese goods until the 15th of December – just in time for Americans to buy their Christmas presents – Chris Beauchamp explains the combination of indices running out of steam as evidenced in the charts.

Adding that ‘’it’s easy to let a negative scenario run away from you’’ he moves on to remind us which markets are the more vulnerable when risk aversion kicks in; here he highlights the Australian dollar.

Even more fascination are the numbers of IG clients who are long versus those short. This is the case for all the major indices, currencies and commodities he covers, with one glaring – and surprising to me – single exception: the US’s S&P 500 stock index, where 64 per cent are short. It reminded me of Jesse Livermore’s propensity to sell rather than buy. He claimed that as a market professional, where one could see where retail flow was moving, the obvious option was to take the opposite side.

Click here to watch.

Posted in Finance, General, Markets, STA charts, STA education, STA news, Technical Analysis

The views and opinions expressed on the STA’s blog do not necessarily represent those of the Society of Technical Analysts (the “STA”), or of any officer, director or member of the STA. The STA makes no representations as to the accuracy, completeness, or reliability of any information on the blog or found by following any link on blog, and none of the STA, STA Administrative Services or any current or past executive board members are liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. None of the information on the STA’s blog constitutes investment advice.

Not ready to join? Stay Updated

If you want to learn more about membership and being part of the STA, sign up for our updates so we can keep in touch.


Monthly Meetings

The STA holds 11 monthly meetings in the City of London, including a summer and Christmas party where canapés and refreshments are served.


Latest Videos

As a service to our members, many of whom are unable to attend all our monthly meetings, we have been making videos of meeting presentations for several years.


STA Libraries

The STA has an extensive library of classic technical analysis texts. There are over 1000 books in the collection. It is held at the Barbican Library with a smaller...


Market Technician

Latest research and news

More Info

World Class Tutors

STA Course Lecturers

More Info


Be part of something special

More Info


View latest posts

More Info