Indices

Emini S&P June futures

by
  • Emini S&P now hitting my 5660/5670 target by the end of the week as predicted.
  • There is good bullish momentum & so a break above 5675 is a buy signal for today & can target 5705/15, perhaps as far as 5735/40.
  • A buying opportunity at 5610/00 & longs need stops below 5590. A break lower however can target 5560/50 & longs need stops below 5540

READ MORE…

The Dow Jones Industrial Average rose 100 points on Friday

by

The Dow Jones Industrial Average (DJIA) notched in 100 points on the high side on Friday after kicking the day off on the low side. Bids tested low early in the day before recovering the 40,500.00 level and investors are knocking on one of the index’s best single-week performances of the year to-date.

READ MORE…

Stocks Climb on a Benign U.S. CPI Report

by

Stocks this morning are moderately higher, with the Dow Jones Industrials posting a 1-week high. Today’s benign U.S. July CPI report bolstered the outlook for the Fed to pause its interest rate hike campaign and is fueling stock gains. Also, a jump in U.S. weekly jobless claims to a 5-week high knocked T-note yields lower and is bullish for equities. In addition, M&A activity supports equities after Tapestry agreed to acquire Capri Holdings for $8.5 billion.

READ MORE…

S&P500 Trades Below 200- Day MA, Dip Till 2720 Likely

by

S&P500 continues to trade lower and lost more than 1%.In this month the index declines more than 6.5% on account of renewed trade war.US President Trump said that US will impose 5% on Mexican imports from Jun 10th 2019 and to put additional tariff of 25% if Mexico does not “reduce or eliminate number of illegal aliens”.

READ MORE…