The US stock market

[ilearn2t]

Hello Everyone

Yesterday saw all three "Markets" fall as no fewer than three data reports turned "Red", with the S&P 500 reaching my predicted "Support" level of 1950 (01/Sept/2014).

Today sees four key data reports before the opening bell, that once again might indicate the direction of the "Markets".

Close of trading:

The Dow Jones Global Indexes: 16804.71 -238.19 (-1.40%)

Nasdaq Composite Index: 4422.09 -71.30 (-1.59%)

The S&P 500 Index: 1946.16 -26.13 (-1.32%)

Gold current price: 1213.08

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

Yesterday ended in a mixed mood among the three "Markets" as did the data results.

Today the main focus will be on the Non-Farm Employment Change 1.30pm (BST), with the experts predicting 216K jobs in September after a disappointing 142K in August, but any "Red" showing along with the poor "Forecast" for the Trade Balance released at the same time, might just continue the sell-offs even more.

Close of trading:

The Dow Jones Global Indexes: 16801.05 -3.66 (+0.02%)

Nasdaq Composite Index: 4430.19 +8.11 (+0.18%)

The S&P 500 Index: 1946.17 +0.01 (+0%)

Gold current price: 1207.32

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

After almost a clean sweep for the "Green" side of Fridays data reports, all three "Markets" followed suit and ended in the "Green" also.

Hopefully the "feel good" factor is back and the "Markets" can get back to the high side once again.

Close of trading:

The Dow Jones Global Indexes: 17009.69 +208.64 (+1.24%)

Nasdaq Composite Index: 4475.62 +45.43 (+1.03%)

The S&P 500 Index: 1967.90 +21.73 (+1.12%)

Gold hit a low 1189.94 on Friday, before closing at 1191.05, edging closer to my 1175 target.

Current price: 1193.92

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

All three "Markets" returned to "Red" at the close of yesterdays trading, in what seems to be a wait and see what the FOMC Meeting Minutes have to offer tomorrow at 7pm (BST).

Close of trading:

The Dow Jones Global Indexes: 16569.28 +75.91 (-0.10%)

Nasdaq Composite Index: 4383.89 +31.25 (-0.47%)

The S&P 500 Index: 1938.99 -3.08 (-0.16%)

Gold fell to a new low this year (1182.90) before recovering to close at 1206.85.

Current price: 1204.90

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

Yesterday saw all three "Markets" drop with the S&P 500 hitting an eight week low 1,934.87, ahead of the FOMC Meeting Minutes.

Close of trading:

The Dow Jones Global Indexes: 16719.39 -272.52 (-1.60%)

Nasdaq Composite Index: 4385.20 -69.60 (-1.56%)

The S&P 500 Index: 1935.10 -29.72 (-1.51%)

Gold managed to close in the "Green" for the second day running, ending the day (yesterday) at 1208.61.

Current price: 1216.65

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

Yesterday saw all three "Markets" bounce back after the FOMC minutes report to recover from Tuesday's sell offs. Hopefully a "Green" result in the Unemployment Claims 1.30pm (BST) can carry the momentum upward and onward.

Close of trading:

The Dow Jones Global Indexes: 16994.22 +274.83 (+1.64%)

Nasdaq Composite Index: 4468.59 +83.39 (+1.90%)

The S&P 500 Index: 1968.89 +33.79 (+1.75%)

Gold also jumped upward after the FOMC minutes report to close at 1220.91

Current price: 1228.59

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

Yesterday saw all three "Markets" return to the "Red" at close, after a worst than expected Unemployment Claims data.

Close of trading:

The Dow Jones Global Indexes: 16659.25 -334.97 (-1.97%)

Nasdaq Composite Index: 4378.34 -90.26 (-2.02%)

The S&P 500 Index: 1928.21 -40.68 (-2.07%)

Gold closed out the day on 1223.83 having earlier hit a high 1233.27, as it looks to end this weeks "Daily" chart with 5 "Greens" in-a-row.

Current price: 1224.10

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

All three "Markets" closed deeper in the "Red" on Friday ahead of this weeks earnings, from the global economy, with major US. banks and technology companies among the corporations due to report third-quarter results.

Tomorrow all US banks will be closed in observance of Columbus Day.

Close of trading:

The Dow Jones Global Indexes: 16544.10 -115.15 (-0.69%)

Nasdaq Composite Index: 4276.24 -102.10 (-2.33%)

The S&P 500 Index: 1906.13 -22.08 (-1.15%)

Gold finished on 1222.48 at the end of last weeks trading, just missing out on its 5-in-a-row.

Current price: 1222.48

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

All three "Markets" continued to drop deeper into the "Red" yesterday with the S&P 500 closing below its 200 day moving average, ahead of the Corporate earnings today from major bank groups.

Close of trading:

The Dow Jones Global Indexes: 16321.07 -223.03 (-1.35%)

Nasdaq Composite Index: 4213.66 -62.58 (-1.46%)

The S&P 500 Index: 1874.74 -31.39 (-1.65%)

Yesterday saw Gold continue its climb upwards to close the day at 1235.56

Current price: 1232.70

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

Yesterdays saw the "Markets" close in a mixed state, as "Oil" took a "bad" tanking, and three powerhouse banks (Citigroup, JP Morgan and Wells Fargo) became the Good, the Bad, and the Ugly.

American Express, Bank of America, BlackRock, eBay, and Netflix are among the big companies scheduled to report their quarterly results today, lets hope for the "feel good" buyers out there they become known as the Fab Five (no relation to the 1991 University of Michigan men's basketball team recruiting class that is considered by many to be the greatest class ever recruited).

Close of trading:

The Dow Jones Global Indexes: 16315.19 -5.88 (-0.04%)

Nasdaq Composite Index: 4227.17 +13.52 (+0.32%)

The S&P 500 Index: 1877.70 +2.96 (+0.16%)

Gold took a step backwards as it closed at 1231.30.

Current price: 1224.64

Good luck
ilearn2t