The US stock market

[ilearn2t]

Hello Everyone

Yesterday produced another "feel good" factor among the "Buyers" as all three "Markets" closed up in the "Green" despite early "downs" because of the interruption in the steady decline on the Jobless claims front.

Today as eight data reports to digest, with one "High" impact before opening bells (less favorable) & one (more favorable) after "open", things could be looking up for the day.

Close of trading:

The Dow Jones Global Indexes: 16713.58 +61.78 (+0.37%)

Nasdaq Composite Index: 4453.00 +18.88 (+0.43%)

The S&P 500 Index: 1955.18 +8.46 (+0.43%)

Gold continued to enjoy the early weak data coming out from different parts of the world economy (yesterday) as it "Closed" 1312.91 (Highest 1319.40) despite the easing of world tensions that usually signals a shift from the "safe-haven"

Current price: 1313.12

Good luck
ilearn2t

 

[fxstrategist]

Very good information and analysis.

 

[ilearn2t]

Hello Everyone

The last day of the trading week finished in a mix state, as both the Dow and S&P 500 closed in the "Red", while the Nasdaq closed in the "Green" as investors take time out to weigh up this weeks data reports against the conflict still going on between Russia and Ukraine, hopefully the CPI reports and housing starts report due on Tuesday 1:30pm (BST) might just swing the issue for more upward trends this week.

Close of trading:

The Dow Jones Global Indexes: 16662.91 -50.67 (-0.30%)

Nasdaq Composite Index: 4464.93 +11.92 (+0.27%)

The S&P 500 Index: 1955.06 -0.12 (-0.01%)

Gold ended the week "down" at 1304.58, its biggest single "Daily" drop since the end of last month (31/July/14).

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

All three "Markets" enjoyed the beginning of this weeks trading, as they all closed in the "Green" yesterday, as the Nasdaq Composite rose to its highest level (4,509.16) since March 2000, the Dow also produced one of the larger single-day moves this year, as it heads towards its own "record" high (17,151.56).

Early "Pre-markets" continue to show the "feel good" factor still looks strong as we await the two key data reports at 1.30pm (BST).

Close of trading:

The Dow Jones Global Indexes: 16838.74 +175.83 (+1.06%)

Nasdaq Composite Index: 4508.31 +43.39 (+0.97%)

The S&P 500 Index: 1971.74 +16.68 (+0.85%)

Gold continues to look confused about which direction it should be taking, so any movement pass the 1280 level could see a continuing fall to around 1240, as anything above 1320 could have the opposite effect, pushing it above the 1360 level.

Current price: 1300.80

As for myself, I'll be off line from tomorrow onward until the start of next month, so take care and enjoy your trading no matter which way you move.

Good luck
ilearn2t

 

[JRuggerz]

excellent stuff! Any similar threads for the UK would be great!

 

[ilearn2t]

Hello Everyone

Friday saw all three "Markets" close on the upside, also finishing the "Monthly" charts back in the green after July's red "Month" and in turn lifting the S&P 500 to another record finish above the 2,000 mark.

Monday the US banks will be closed in observance of Labor Day.

Close of trading:

The Dow Jones Global Indexes: 17098.45 +18.88 (+0.11%)

Nasdaq Composite Index: 4580.27 +22.58 (+0.50%)

The S&P 500 Index: 2003.37 +6.63 (+0.33%)

Gold "Closed" the "Weekly & Monthly" charts on the upside as investors remain on edge over tensions between Ukraine and Russia.

Current price: 1287.14

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

While the S&P 500 continues on it journey along my trendline on the "Daily" chart, two possible targets look interesting.

2036 for "Resistance" & 1950 for "Support".

Having looked at this weeks data "Forecasts", things tend to favor a downturn in the "feel good" factor.

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

First day back after the holidays (Labor Day) ended in a mix state as both the Dow & S&P 500 closed in the "Red" while the Nasdaq finished in the "Green".

Today (Wednesday) with very little data to go on, could give a bit of a hint on how much investors are willing to keep pushing the S&P 500 upward and onward pass the 2000 range, or eases off until better opportunities arise, I personally believe the latter might still be the case.

Close of trading:

The Dow Jones Global Indexes: 17067.56 -30.89 (-0.18%)

Nasdaq Composite Index: 4598.19 +17.92 (+0.39%)

The S&P 500 Index: 2002.28 -1.09 (-0.05%)

Gold "Closed" down at 1265.10 passing my earlier prediction (19/Aug/14) that any movement pass the 1280 level could see it fall to around the 1240 level.

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

Once again the "Markets" closed in a mix state, with the Nasdaq joining the S&P 500 in the "Red" while the Dow ended in the "Green".

With 9 data reports today and the ECB Press Conference due out also, we could see some big movements in today's markets.

Close of trading:

The Dow Jones Global Indexes: 1078.28 +10.72 (+0.06%)

Nasdaq Composite Index: 4572.56 -25.62 (-0.56%)

The S&P 500 Index: 2000.72 -1.56 (-0.08%)

Gold showed a bit of "Resistance" at the close yesterday ( 1269.08 ) ahead of today's data.

Current price: 1271.54

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

Yesterday saw both the Dow (17,161.55) and S&P 500 (2,011.17) in record highs before closing along with the Nasdaq in the "Red", as once again the "feel good" factor seems to be wearing off.

All eyes will be on the US. Non-Farm Employment Change 1.30pm (BST) as its "Forecast" 226K is seen by most "experts" to be a bit low with 250k more in their minds, so if the "Forecast" is totally wrong ("Red") I for one wouldn't be surprised.

Close of trading:

The Dow Jones Global Indexes: 17069.58 -8.70 (-0.05%)

Nasdaq Composite Index: 4562.29 -10.28 (-0.22%)

The S&P 500 Index: 1997.65 -3.07 (-0.15%)

Gold "Closed" back in the "Red" at 1261.17 as investors weighed the impact of the European Central Bank’s surprise decision to cut interest rates, and high "Dollar" trading.

Current price: 1264.03

Good luck
ilearn2t