Nasdaq rises 2.13% on the day The major indices are all closing higher led by the Nasdaq index. The Dow and S&P are up 9 of the last 10 days The Nasdaq broke the 3 day losing streak. The S&P rose to above the all time highest close at 3386.15 intraday, but has closed just
Technical Analysis
Run to the upside continues The European shares are closing higher for the day. The German DAX, France’s CAC, UK FTSE 100 has now moved higher for 4 consecutive days. A look at the provisional closes shows: German DAX, +1% France’s CAC, +1% UK’s FTSE 100, +2.2% Spain’s Ibex, +0.4% Italy’s FTSE MIB, +1.0% As
A look at USDJPY, EURUSD, GBPUSD The dollar has moved higher and in the process is testing some technical target in the major currency pairs. EURUSD: The EURUSD is cracking below the 1.17399 level (swing level) and will now look toward the swing area at 1.1713 to 1.1720. The lows today stalled against the high of
Ups and downs. Price stays below the MAs On the earlier run higher, the EURUSD held the resistance near the 100 and 200 hour moving averages (blue and green lines), and the swing area between 1.1801 and 1.18089. That run to the upside broke above a topside channel trendline. On the move back down, the price retested the underside of the
Dow and S&P are up for the 7 days in a row The Dow industrial average led the way for stocks to the upside with a 1.3% gain. The Dow index close at the highest level since February 24th and is just 2.6% from unchanged on the year. Both the Dow and S&P have closed
Buyers and sellers back in battle. The USDCAD based near its 100 hour MA on Friday (dipped below it after the jobs report), and quickly reversed higher. The run to the upside moved above a swing area at 1.3369 – 1.33766 on its way to a high just below the 1.3400 level (the high reached
Dow industrial average is still negative The S&P and NASDAQ index have turned back positive. The S&P is up 0.03% the 3350.34. The NASDAQ index is up 0.15% at 11124.83. The S&P index has been up for 5 consecutive days. The NASDAQ index has been up for 7 consecutive days. The S&P index reached a new high going back
London/European traders exit The USD is stronger but off the highs as London/European traders exit for the weekend. The greenback is the highest vs. the NZD (up 1.21%). It is the least high vs the JPY (up 0.31%). Versus the EUR, it is up 0.81% and is higher versus the GBP by 0.72%. Technically speaking: EURUSD: The EURUSD fell initially bottomed
Nasdaq leads the way lower today. The NASDAQ and S&P are reaching new session lows. The NASDAQ is leading the way with a decline of 1.67%. It is currently down 186 points to 10921.44. The S&P index is down 20 points or -0.61% at 3328.80 Looking at the hourly chart of the NASDAQ index, the pair is getting closer to
That is down $0.68 or -1.62% the price of WTI crude oil futures are settling at $41.27. That’s down $0.73 or -1.74% on the day. The high price today reached $42.22. The low price extended to $41.06. The last 6 weeks has seen the crude oil price settle between $40.27 and $41.29. Week ending Fri
NASDAQ 7-day win streak broken today The S&P squeaked out a higher close. The Dow industrial average also closed higher. The gains for the day extended the up streak to 6 consecutive days. The NASDAQ index streak of 7 consecutive higher closes was broken as it fell close to 1% on the day. A look