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Forex and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74–89% of retail investor accounts lose money when trading Forex and CFDs. You should consider whether you understand how Forex and CFDs work and whether you can afford to take the high risk of losing your money.
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Scandinavian Capital Markets

XLY

XLY WEEKLY
News and Analysis

Market Update 10/4 – Bigger Kiwi Setup

ByJamie Saettele October 5, 2021

XLY is the consumer discretionary ETF. This two largest holdings are AMZN (22.9%) and TSLA (13.5%). In other words, this is an important ETF with some big names. Last week, both a 2 week volume reversal and 1 week volume reversal triggered. The 2 week signals are shown in the chart below. The 1 week signals are shown 2 charts down.

Read More Market Update 10/4 – Bigger Kiwi SetupContinue

Market Update – September 8
News and Analysis

Market Update – September 8

ByJamie Saettele September 8, 2020

ES made a bearish weekly volume reversal last week. Since the 2009 low, there have been 3 other bearish reversals and 1 bullish reversal. Reversals in 2010 and early 2018 identified interim highs.

Read More Market Update – September 8Continue

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Scandinavian Capital Markets is a STP-ECN forex broker.

Physical Address: Kistagången 16, 5 tr, Kista, 16440 Sweden

Registered address: Torshamnsgatan 27, plan 2, 164 40 Kista, Sweden

Vanuatu address: Rue d'Auverne 636423, Port Vila, Vanuatu

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DISCLAIMER

This website does not apply to residents in the USA or the European Union (EU), or those who use this information in violation of local laws and regulations.

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where distribution is against local laws or regulatory requirement.

Investing in the Company’s derivative products carries significant risks and is not suitable for all investors. You could lose more than your deposits. You do not own, or have any interest in, the underlying assets. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. For more details, please visit our legal page.

Forex and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74–89% of retail investor accounts lose money when trading Forex and CFDs. You should consider whether you understand how Forex and CFDs work and whether you can afford to take the high risk of losing your money.

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Scandinavian Capital Markets Ltd, a fully owned subsidiary of Scandinavian Capital Markets SCM AB, will collectively be referred to as Scandinavian Capital Markets. This website is created and presented in adherence to the pertinent laws and regulations that apply to both entities. The products featured on this website are issued by Scandinavian Capital Markets.

Scandinavian Capital Markets SCM AB has been registered in Sweden with the Financial Supervisory Authority (Finansinspektionen) since 2012, under registration number 80438. It conducts a financial services business in Sweden, limited to providing the financial services covered by its registration with the Swedish Finansinspektionen.

Scandinavian Capital Markets Ltd is registered, licensed, and regulated by the Vanuatu Financial Services Commission in Vanuatu, with a co-registration number of 700472. The company conducts a financial services business in Vanuatu, providing services outlined by the Vanuatu Financial Services Commission's Financial Dealer license.

Scandinavian Capital Markets does not accept clients from the USA, European Union (EU), Afghanistan, Belarus, Burma, Burundi, Central African Republic, Congo, Cuba, Guinea, Guinea-Bissau, Iraq, Iran, Indonesia, Lebanon, Libya, Malaysia, Mali, Moldova, Nicaragua, North Korea, Pakistan, Russia, Somalia, Sudan, South Sudan, Syria, Vanuatu, Venezuela, Yemen, and Zimbabwe. Scandinavian Capital Markets may reject any applicant from any jurisdiction at their sole discretion without the requirement to explain the reason why.

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