Hello my friends. The week just ended represents a particular challenge for investors and traders. On the one hand, companies reported quarterly earnings, mostly positive. On the other hand, reported a series of negative macroeconomic and political news. These two opposing forces generated an increase in the market volatility. Until Thursday, the week had been really bad for the market. On Friday, Google reported results and these were much higher than estimates by analysts. This helped to change the market mood, not earlier than during the same day, the investors and traders show a lot of nervousness. On Friday, the DJ-30 closed in 12,479.73 points (+0.34%); the SP-500 closed in the 1,316 points (+0.56%) and Nasdaq Comp. it did in 2,789 points (+0.98%).
A positive aspect of this development is the volume of shares traded was greater than the previous days, giving substance to this increase. But for now, this behavior can only be regarded as a change of mood, but not as a change of character in the market.
DJ-30.
This index is on an important support area. While remainig above the simple moving average line of 50 days, RSI and MACD do no support for its progress. Please click on the chart to enlarge.
Sp-500
This index is between a major support area an important resistance zone. Addition is almost the same level of 50 days simple moving average. That is, a significant rise or fall in the following days, we can see a definite trend of SP-500. Beware that market this week.
No comments:
Post a Comment