Technology Gains Offset by Telecoms Losses

U.S. Stock Market

Wall Street closed mixed on Friday, as gains in Technology, Industrials and Healthcare were offset by losses in the Telecoms, Oil & Gas and Consumer Services. The Dow fell by 0.01%, the S&P 500 by 0.11%, while the NASDAQ added 0.07% to its value. On the 8-hour chart, the NASDAQ is trading above the resistance line at 6,012, and is expected to rise to around 6,200. However, crossing below the resistance could take it down towards 5,850.

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String Third Quarter Growth Expected

U.S. Stock Market

Wall Street finished higher on Thursday, as investors cheered data suggesting that the U.S. economy remains on track for strong third quarter growth, while hopes of tax reform grew after the House of Representatives passed a budget resolution Thursday. The Dow was up by 0.61%, the S&P 500 added 0.56%, and the NASDAQ gained 0.78%. On the 4-hour chart, the Dow Jones is trading above its moving average at 22,600 with a positive MACD indicator. Maintaining these conditions may take the index even higher towards a new high, while breaking below the SMA may start a bullish trend towards 22,300.

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Telecoms, Consumer Services, Basic Materials Lift Market

U.S. Stock Market

U.S. stocks were higher after the close on Tuesday, as gains in Telecoms, Consumer Services and Basic Materials led shares higher. The Dow rose by 0.37%, the S&P 500 by 0.22%, and the NASDAQ added 0.23% to its value. On the 1-hour chart, the S&P 500 is trading above its moving average with an RSI indicator above 50. Maintaining these conditions may take the Index higher towards 2,560, while breaking below the SMA line may start a strong retracement down towards 2,525.

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Basic Materials, Healthcare and Industrials Lift Market

U.S. Stock Market

U.S. stocks were higher after the close on Monday, as gains in Basic Materials, Healthcare and Industrials led shares higher. The Dow rose by 0.68%, the S&P 500 by 0.39%, and the NASDAQ added 0.32% to its value. On the daily chart, the Dow is trading in a bullish channel with an RSI indicator above 50. Crossing the upper band could take it up towards 22,650, while breaking below the lower band might start a negative trend dropping back to lower areas around 22,100.

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Technology Gains Lift Market

U.S. Stock Market

U.S. stocks were higher after the close on Friday, as gains in Technology, Healthcare and Consumer Services led shares higher. The Dow Jones rose by 0.11%, the S&P 500 by 0.37% and the NASDAQ added 0.66% to its value. On the 8-hour chart, the NASDAQ is trading below the resistance at 6,004. Holding below this level may lead the index towards 5,900. However, with the RSI above 50 it’s expected to breach the line and lift it towards 6,050.

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Dollar Down Despite Faster Second-Quarter Growth

U.S. Stock Market

Wall Street finished in the green after the close on Thursday, as gains in Basic Materials, Utilities and Financials led shares higher. The Dow rose by 0.18%, the S&P 500 by 0.12%, and the NASDAQ added 0.01% to its value. On the 4-hour chart, the Dow has breached above the 20-day Moving Average with the RSI indicator above 50. Maintaining these conditions may lead the index up towards 23,000. However, should it break below the Moving Average, we could see a reversal and a fall towards 21,500.

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Trump’s Tax Reform Preview Invigorates US Dollar

U.S. Stock Market

Wall Street finished higher on Wednesday, as gains in the Technology, Financials and Consumer Services sectors led shares higher. The Dow was up by 0.25%, the S&P 500 added 0.41%, and the NASDAQ gained 1.15%. On the 2-hour chart, the Dow Jones is trading above its moving average at 22,270 with a negative MACD indicator. Maintaining these conditions may take the index higher towards 22,400 while breaking below the SMA may start a strong bullish trend towards 22,000.

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Technology Gains Offset by Losses in Telecoms

U.S. Stock Market

Wall Street finished mixed on Tuesday, as gains in Technology, Consumer Goods and Industrials were offset by losses in Telecoms, Basic Materials and Healthcare. The Dow was down by 0.05%, the S&P 500 lost 0.04%, and the NASDAQ gained 0.15%. On the 1-hour chart, the S&P 500 is trading below its moving average at 2,496 with the ADX indicator below 20. Maintaining these conditions may take the index lower towards 2,400, while breaching the SMA may start a strong bullish trend towards 2,550.

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Tech Losses Fuel Market Drop

U.S. Stock Market

Wall Street finished down on Monday, as losses in Technology, Healthcare and Industrials led shares lower. The Dow fell by 0.24%, the S&P 500 by 0.22%, and the lost NASDAQ 0.88%. On the 2-hour chart, the NASDAQ is trading near the low-band of the Bollinger band indicator at 5,860 with the RSI indicator below 50. Maintaining these conditions may take the index lower towards 5,800, while breaching above the mid-band may start a strong bullish trend towards 5,965.

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Little Market Change Despite Escalating Tensions

U.S. Stock Market

Wall Street finished largely unchanged on Friday amid escalating U.S. - N. Korea tensions after President Trump and North Korea’s Kim Jong traded insults amid expectations that Pyongyang is preparing to test a nuclear bomb. The Dow was down by 0.08%, the S&P 500 gained 0.06%, and the NASDAQ lost 0.46%. On the 4-hour chart, the Dow is trading below its moving average at 22,332 with a negative MACD indicator. Maintaining these conditions may take the index lower towards 22,000, while breaching above the SMA may start a strong bullish trend towards 22,500.

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