And, what has happened? Absolutely nothing. Nobody cared about the leftist party’s success in Greece. The European markets are gained further on the news of the anti-austerity Syriza won the Sunday elections. Mr. Market ignored totally this event and discounted fully. The funny thing was that the US indices suffered more than the European ones. US stocks ended Monday’s choppy trading session with small gains. Most of the people don’t get it why the Greek election should influence US market more and the Greek result had zero influence on European markets DAX +1,7%, IBEX +1,5.
The global markets were relatively calm and all indices in US closed marginally higher. After falling more than 100 points, the DJIA gained 6 points to 17,678.
- DJIA +0.03%
- SP500 +0.26%
- Nasdaq +0.29%
Technically the S&P500 is still in the range since 21st of January of 2.060 and 2.030. To find a good long set-up you should wait for the breakout of 2.060, if that resistance is taken you can start buying the index.
Start your investment with our profitable team of traders:
http://www.bfmassets.com/managed-accounts
The BFM Assets Team.
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