usa/stock indexs/markets

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    Stock indexes closed sharply lower on Friday following the
    release of the latest jobs data, which showed payrolls grew
    by only 6,000 compared with expectations for in increase of
    68,000. Additional data showed that the rebound
    manufacturing has slowed considerable and consumer
    confidence continues to decline, which may be reflected in
    next month's retail sales data. Today's decline in the
    NASDAQ Composite Index saw the index fill Monday's gap at
    1264.67 thereby tempering the near-term friendly outlook in
    the index. While a short covering bounce is possible on
    Monday, the door is now open for a test of last week's low
    crossing at 1192.42, which coincides with weekly support.
    Today's decline also turned a number of momentum indicators
    bearish, hinting that sideways to lower prices are possible
    during the first half of August. The NASDAQ Composite Index
    closed down 32.12 points at 1247.88. The September S&P 500
    index also closed lower on Friday due to profit taking ahead
    of the weekend. September's inability to breakout above the
    previous reaction crossing at 929.50 leaves the index
    vulnerable to a resumption of this year's decline. A number
    of short-term momentum indicators are turning neutral to
    bearish today hinting that sideways to lower prices are
    possible near-term. The September S&P 500 index closed down
    19.50 points at 864.50.

    The Dow closed sharply lower on Friday following the release
    of this morning's economic data, which raised the
    possibility for a double-dip recession. Additional pressure
    came from disappointments in corporate earnings. The Dow has
    retraced 38% of its short covering rally off last week's low
    in the past two days. A technical bounce ahead of the close
    tempered some of today's loss leaving the door open for a
    short covering bounce on Monday. Closes above this week's
    high at 8761 are needed to renew July's rebound, which could
    lead to a test of the May-July downtrend line crossing near
    8900 later this month. Closes above this downtrend line are
    needed to signal that an important bottom has likely been
    posted. The Dow closed down 193 points at 8313.

    our SPI down 24 points

    have a good day
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