Technical Analysis


Hopes for a stimulus package

The US major stock indices closed higher for the 5th day over the last 6 days. The NASDAQ led the way and is closing near the session highs. It is also at the highest level since September 3.  

The Dow and S&P also closed higher but are nearer the midpoint of their trading ranges and with smaller gains.  Nevertheless those indices are up for the 2nd consecutive day.  

The final numbers are showing:

  • The S&P index closed up 17.8 points or 0.53% at 3380.80. The high price reached 3397.18. The low price extended to 3361.39
  • The NASDAQ index is closing up 159.00 points or 1.42% at 11326.50. The high price reached 11344.13. The low extended to 11240.53
  • The Dow closed up 35.20 points or 0.13% at 27816.90.  The high price reached 28041.46. The low extended to 27669.26.

Some of the biggest winners today included:

  • Chewy, +7.55%
  • Netflix, +5.53%
  • Twitter, +4.94%
  • Tesla, +4.4%
  • Charles Schwab, +4.17%
  • Slack, +3.95%
  • CrowdStrike, +3.89%
  • Square, +3.73%
  • AMD, +3.54%
  • First Solar, +3.46%
  • Zoom, +2.76%
  • Beyond Meat, +2.72%
  • American Airlines, +2.36%
  • Amazon, +2.35%
  • micron, +2.07%

The bigger losers today include:

  • Goodrx, -9.59%
  • Schlumberger, -3.53%
  • Exxon Mobil, -3.51%
  • Snowflake, -3.14%
  • Albemarle, -2.85%
  • Morgan Stanley, -2.25%
  • Chevron, -2.22%
  • Alcoa, -2.06%
  • DuPont, -1.73%
  • Caterpillar, -1.68%
  • Merck, -1.56%
  • Rack Space, -1.45%
  • Emerson, -1.4%
  • AliBaba, -1.35%
  • Northrop Grumman, -1.22%
  • Goldman Sachs, -1.17%

For bank trade ideas, check out eFX Plus



Source link

Articles You May Like

AUDUSD rebounds off trend line support
3 Methods Of Using Fractals In Forex Trading (Improve Your Trading In 2021)
Live Forex Trading – NY Session 13th January 2021
EUR/USD upside momentum stalls as dollar comes back into favour
ALL YOU NEED TO LEARN TO TRADE FOREX | (Full Course in Description)

Leave a Reply

Your email address will not be published. Required fields are marked *