NASDAQ derives its market resiliency and overall bullish investors perception from leading tech stocks along side SP500 recent performance. Amid the heavy pressure encircling and from the effects of the 'trade war' between the US & China; US equities thus far have managed to bounce back from recent declines.
NASDAQ
Meanwhile, the laggard DOW may again have gather enough interest to regain a foothold above 25k before any serious market sentiments builds up its momentum. As the tech angle is perceive to be stable with prices still resting at the critical support level extension from the low. However, the next attempt to break may yet to be a real surprise when it does.
DOW Jones Industrial Average
The upcoming fourth of July holiday celebration have come at the middle of the week's trading schedule; while the unsuspecting effects on tariffs action on the global market's would well be set by the succeeding week. As prices tend to trade otherwise, before showing its true colors.
Mix markets would turn up as strength with US Oil prices continues upward marked above USD75.00 before turning a corrective mode during the US session at the USD73.00 levels. Gold prices trading slightly above 1250.00 have likewise pushed the USD index to retreat below the 95.00 basis point.
Btw, this also serves as a notice that +megatrade101 trading break schedule takes effect officially at the start of the 4th of July.
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Update as of July 10, 2018 - July 10, 2018 - Initial #Earnings Report Draws #Positive #Equities Response
ReplyDelete#Dow's start of trading enables another triple digit response, over shadowed trade war effects for now.
As mentioned, the Dow's re-attempts to breach the 25k handle which gained strength from the recent jobs data beating market expectations amid rising, oil prices.
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