Blindfoldedmonkey

Monday 1 July 2013

Indeces for this week

Might be firework this week on the market…We will see clear picture about the direction of US indeces by the end of the week. Today morning we had PMI from China and during the day we gonna have from some european countries. On friday going to be unemployment rate data from US, which will give us clear indication about how FED sees the developments in macros.
This morning Far East made some gains, Nikkei +1,28%, Hang Seng is +1,78%, so in the last few days and today the asia session gave us more bullish sentiment on the market generally, except of some disappointing companies like, Apple or Blackberry, they both made significant loss on friday.

Techinically, the S&P500, seems that it has broken out from downside correction, last week, we still have a resistance at 1612, if it is overwritten today the field is opened to 1651 area.

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