US MARKET AT CLOSE
| DOW JONES | -46.46 | -0.14% |
| NASDAQ Composite Index | -13.99 | –0.11% |
| S&P 500 | -1.61 | –0.04% |
| RUSSEL 2000 | -0.03 | –0.00% |
Market to Make on new highs or reversal coming Soon?
- Closed lower today but low volume today due to holiday in International market
- Multiple resistances are coming between 35300 and 34600, be cautious!
- Short and long term trend is UP
- Medium term trend on chart is still sideways
- This week is crucial eying FED meeting and new earnings
Apple surging to 170, is it time short again?
- On weekly Apple coming close to big resistance
- Volumes have been very low for recent move
- Contra play against big giant can be danger and rewarding
- If earning is little less the exceptions we can see big move down site
- Watch 164 level if day close below it can head towards 140
Gold hovering around high, Fed meeting may become the reason to breakout!
- Today we have seen sharp decline after positive open but still in range close to high
- Gold trend up on all Short and long term charts
- it may still consolidate more in the range before we see big move
- Watch 50 EMA line for immediate support, very important!
Merck (MRK) is ready for breakout?
- Seems like this stock is ready for new highs
- If tomorrow this close above today’s candle, it can shoot up!
- Use 20 EMA or 114 level as support
- Watch for volumes, it should increase also at breakout!
