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20 Apr 2015
US Indices looking to open positive – Sunshine Profits
FXStreet (Barcelona) - Paul Rejczak of Sunshine Profits, notes that expectations for a positive open are strong for US equity indices, with the index futures up 0.4-0.5% currently.
Key Quotes
“The U.S. stock market indexes lost between 1.1% and 1.6% on Friday, retracing their recent move up, as investors reacted to economic data announcements, quarterly corporate earnings releases. The S&P 500 index bounced off its resistance level at 2,100-2,120, marked by February 25 all-time high of 2,119.59, among others. On the other hand, the nearest important level of support remains at around 2,070, marked by local lows. There is no clear medium-term direction…”
“Expectations before the opening of today's trading session are positive, with index futures currently up 0.4-0.5%. The main European stock market indexes have gained 0.7-1.3% so far. Investors will now wait for further quarterly corporate earnings releases.”
“The S&P 500 futures contract (CFD) trades within an intraday uptrend, as it retraces some of its Friday's selloff. The nearest important level of resistance is at 2,090-2,100, and support level is at 2,075-2,080, among others.”
Key Quotes
“The U.S. stock market indexes lost between 1.1% and 1.6% on Friday, retracing their recent move up, as investors reacted to economic data announcements, quarterly corporate earnings releases. The S&P 500 index bounced off its resistance level at 2,100-2,120, marked by February 25 all-time high of 2,119.59, among others. On the other hand, the nearest important level of support remains at around 2,070, marked by local lows. There is no clear medium-term direction…”
“Expectations before the opening of today's trading session are positive, with index futures currently up 0.4-0.5%. The main European stock market indexes have gained 0.7-1.3% so far. Investors will now wait for further quarterly corporate earnings releases.”
“The S&P 500 futures contract (CFD) trades within an intraday uptrend, as it retraces some of its Friday's selloff. The nearest important level of resistance is at 2,090-2,100, and support level is at 2,075-2,080, among others.”