The day after…. Stocks open higher but move back lower

Technical Analysis

NASDAQ comes off of premarket highs in early trading

The day after the big 4 reported much better earnings across the board, the US stocks are opening higher but gains are being eroded in early trading. The NASDAQ index which I saw up as much as 220 points implied by the futures in premarket trading is currently up around 120 points. That is still a gain of 1.15% but obviously much lower.

The snapshot of the major indices currently shows:

  • S&P index up 12.35 points or 0.38% at 3258.57
  • NASDAQ index up 122 points or 1.15% 10709.82
  • Dow industrial average up 46 points or 0.18% at 26360.20

As far as the big 4 go, alphabet is the dog. It is trading down $57 or -3.75% at $1480.74. The snapshot of the other 3 are showing:

  • Apple, up $22.31 or 5.8% at $407.07
  • Amazon up $156 or 5.13% at 3208.54
  • Facebook up $16.13 or 6.88% at $250.63

Recall that Microsoft and Netflix have already released their earnings, and so has Tesla. Are there any other stocks?   

For bank trade ideas, check out eFX Plus

Articles You May Like

🔥 RULE-BASED Pocket Option Strategy That Actually Works | Live Trading
🔴 This “NEW CONCEPT” Trading Strategy Prints Money!… (INSANE Results!)
Reverse Trading Strategies: We Tested Them All
Turn ₹2000 into ₹65,000 Trading Forex Strategy | How to make $1 Million #trading #forex #crypto
NEW Insane TradingView Indicator – 100% Accurate!

Leave a Reply

Your email address will not be published. Required fields are marked *