Surge in Euro as Dollar Sentiment Dampens

U.S. Stock Market

U.S. stocks traded higher after the close on Friday. The Dow rose by 0.89%, the S&P 500 by 0.67%, and the NASDAQ added 0.68% to its value. On the 1-hour chart, the Dow is trading above its 20-Day Moving Average. As long as it holds above the SMA line, a rise towards $26,000 is expected. However, crossing below the line may start a reversal and a drop towards $25,700.

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Poor Data Lowers Dollar

U.S. Stock Market

U.S. stocks traded higher after the close on Thursday. The Dow rose by 0.81%, the S&P 500 by 0.70%, and the NASDAQ added 0.70% to its value. On the 1-hour chart, the Dow Jones is still holding above the bullish trend line. Maintaining this condition, it is expected to continue the positive trend rising towards 25,650. However, breaking below the line may start a strong drop back to lower areas around 25,100.

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Market Down on All Indices

U.S. Stock Market

U.S. stocks traded lower after the close on Wednesday. The Dow lost 0.07%, the S&P 500 0.11%, and the NASDAQ 0.14% from its value. On the Daily chart, the NASDAQ is holding above an ascending trend line. Maintaining this condition should continue the positive trend rising towards 6,800. However, breaking below the line could start a strong reversal dropping to around 6,300.

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Rate Hike Expectations Favor Dollar

U.S. Stock Market

U.S. stocks traded higher after the close on Tuesday.The Dow rose by 0.41%, the S&P 500 by 0.13%, and the NASDAQ added 0.09% to its value. On the 1-hour chart, the Dow is trading above a bullish trend line. Maintaining this condition with the ADX indicator above 20 should continue the positive trend rising towards $25,500, while breaking below the line can take the index back to lower areas around $25,200.

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Energy Sector Lifts Market

U.S. Stock Market

U.S. stocks were mixed after the close on Monday, as gains in the Utilities, Oil & Gas and Industrials sectors led shares higher while losses in the Healthcare, Basic Materials and Financials sectors led shares lower.The Dow fell by 0.05% while the S&P 500 rose by 0.17% and the NASDAQ added 0.29% to its value. On the 1-hour chart, the S&P 500 is trading in a bullish channel with the ADX indicator above 20. Holding above this level may lead to a rise towards $2,900. However, breaking below the lower band of the channel could cause a drop towards $2,600.

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Dollar Up Despite Weak Payroll Reports

U.S. Stock Market

U.S. stocks were higher after the close on Friday. The Dow rose by 0.88%, the S&P 500 by 0.70% and the NASDAQ added 0.83% to its value. On the 1-hour chart, the NASDAQ is trading bullish above the 20-Day Moving Average line with the ADX indicator above 20. As long as NASDAQ maintains these conditions, we might see a rise towards $6,800, while crossing below the Moving Average may start a retracement towards $6,600.

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Mixed US Data Dampens Dollar

U.S. Stock Market

U.S. stocks were higher after the close on Thursday, as gains in the Basic Materials, Telecoms and Industrials sectors led shares higher. The Dow rose by 0.61%, the S&P 500 by 0.40%, and the NASDAQ added 0.19% to its value. On the 8-hour chart, the NASDAQ is trading above the resistance line at 6,445, and is expected to rise to around 6,800. However, crossing below the resistance could take it down towards 6000.

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Energy Gains Lift Market

U.S. Stock Market

U.S. stocks were higher after the close on Wednesday, as gains in the Oil & Gas, Technology and Healthcare sectors led shares higher. The Dow rose by 0.40%, the S&P 500 by 0.64%, and the NASDAQ added 0.84% to its value. On the 8-hour chart, the NASDAQ is trading above the resistance at 6,445, and is expected to rise to around 6,800. However, crossing below the resistance could take it down towards 6000.

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NASDAQ Breaches Record

U.S. Stock Market

Wall Street finished in the green on the first trading day of 2018 as the NASDAQ breached 7,000 points for the first time. The Dow rose by 0.42%, the S&P 500 by 0.83%, and the NASDAQ added 1.50% to its value. On the 1-hour chart, the S&P 500 is holding below the resistance of 2,700 with the MACD above 0. Should the index succeed in breaching the resistance, we might see a rise towards 2,750, while a failure may start a retracement to around 2,670.

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Market Closes Red in End of Year Trading

U.S. Stock Market

Wall Street finished in the red on the last day of 2017. The Dow Jones fell by 0.48%, the S&P 500 by 0.52%, and the NASDAQ lost 0.67% from its value. On the 1-hour chart, the Dow is trading in a channel with the RSI below 50. Breaching the upper side of the channel may lift the index towards 25,000, while crossing the lower side may drop it to around 24,600.

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