Yesterday the S&P and NASDAQ close record highs The stronger-than-expected US jobs report Helped send the Dow 30 stocks higher in trading today. The S&P index was mixed but also close marginally higher. The NASDAQ index fell on the back of the potential for higher rates slowing down some of the high flyers. Whereas yesterday,
Technical Analysis
Widening it’s lead among the majors. Traders to continue to run the dollar higher after the stronger than expected US jobs report. Some technical looks at the majors EURUSD: The EURUSD is trading to a new low at 1.1765. The next targets come in at the July 26 low at 1.17626. Below that and traders will start
Russell 2000 index rises by 1.81%. The S&P and NASDAQ index both closed at record levels with a late day surge that has the indices going out near the highs for the day. The Dow and the Russell 2000 index also had strong days, with the small-cap index outpacing the larger cap indices with a surge higher of
Held support ahead of its 200 hour moving average and sellers are turned buyers The GBPUSD has been chopping up and down, but the dip lower, did find willing buyers against its 200 hour MA at 1.3095. Holding above that level, has led to sellers turning to buyers, and the price has moved to a new session will high. In the process, the 100 hour
Dow moves down over -300 points. S&P down after record close yesterday The major indices are closing mixed. NASDAQ closes with a three day win streak S&P closes lower after yesterday’s record close Dow, S&P close near session lows Dow was down -325 points at the low. Close just off that low level Dow has its
Fast break the other way in the USD The USD has rebounded after Clarida’s comments and better ISM data. USDJPY is has moved from a low of 108.715 to a New York session high of 109.50. The pair is approaching the 100 day moving average at 109.575. The day started above the 100 day moving average but trended
Record close for the S&P 500 The major US stock indices are closing higher and near session highs: S&P closed at a record level NASDAQ posts a two day win streak Energy (+1.83%), industrials (+1.38%), healthcare (+1.42%), financials (+1.13%) led the charge communication services fell -0.19% Dow and S&P snap a two day losing streak The final numbers are showing:
Price also breaks above its 200 hour moving average The USDCAD has shot higher on the back of tumbling oil prices (crude oil is trading below $70 at $69.39 currently). The pair also broke above some key resistance near the 1.2525 to 1.2527 area. Looking at the hourly chart above, the falling 200 hour moving average comes in at
Dow Jones, S&P give up gains and close in the red. NASDAQ closed mostly higher The US stock market lost steam into the close with Dow industrial average and the S&P 500 closing in the red and giving up earlier gains. The NASDAQ index squeaked out a small gain on the day. The final numbers
S&P on a six-month win streak The major US stock indices are opening higher to start the week/month. The S&P closed higher for the six month in a row on Friday. Will August make it seven? A snapshot of the market currently shows Dow industrial average up 165 points or 0.47% at 35100 S&P index up 25
Down day for most indices today Today, the major European indices are ending the week in the red. Looking at the provisional closes: German DAX, -0.5% France’s CAC -0.2% UK’s FTSE 100 -0.6% Spain’s Ibex, -1.25% Italy’s FTSE MIB, -0.6% For the week, German DAX, -0.75% France’s CAC, +0.7% UK’s FTSE 100, +0.1% Spain’s Ibex, -0.5% Italy’s FTSE MIB,
Trades between 100 hour MA below and 100 day MA above The GBPUSD fell to the low for the day as London traders exited for the day/week (and month for that matter). The low reached 1.3889. The 100 hour MA (at the time) was at 1.3891. The price has since bounced and trades at 1.3909.
Gold spins its wheels again The $1834 resistance level and some moderate US dollar buying today spelled trouble for gold today, even with yields dipping another 3 bps today. Technically, that’s a simple setup but it’s not necessarily bearish so long as last week’s low of $1790 holds. On the fundamental side, Powell’s comments this
Up $0.33 or 0.46% on the day The price of WTI crude oil futures are settling at $73.95. That’s up $0.33 or 0.46% on the day. For the week, the price closed a week ago at $72.06. The week’s gain is $1.89 or 2.06%. Looking at the hourly chart below, the pair dipped below its
Stocks close near session lows Highlights for the day: Dow S&P close lower for the third day in four sessions Major averages post weekly losses S&P has six straight monthly gain NASDAQ snaps two day win streak Dow S&P, NASDAQ post gains for July Hurting the indices and market today was Amazon which fell -7.5%
Better GDP, lower US PCE not helping as Friday trading (month end) dominates. The EURUSD has retraced gains in volatile up and down trading. The higher EU GDP and lower US PCE is not helping the common currency. Looking at the hourly chart, the pair saw corrective action in the early Asian session, but rose going into the
Indices close off the highs for the day The major indices closed higher on the day. The S&P and Dow industrial average traded to new all-time intraday highs. The S&P close just below record close levels The NASDAQ close higher for the 7th day in 8 trading days. The Dow and S&P snapped a two day
The day after the FOMC. China regulators ease market fears The NZD is the strongest and the USD is the weakest of the majors a night after the FOMC kept rates unchanged and Chair Powell indicated no rush to taper bond purchases (or raise rates) any time soon. China eased fears after a call with