ISM Manufacturing PMI only slightly better than expected & worse than previous
S&P 500 new possible support @ 1836 although slightly broken
High risk:
Buy S&P 500 @ 1836 or S&P Futures @ 1830 if it stays above & goes higher, for 30 minutes expiration
Trusted Binary Options Brokers
Thursday, 2 January 2014
US economic reports update
ISM Manufacturing PMI
Actual: 57.0 Estimate: 56.8 Previous: 57.3
Construction Spending m/m
Actual: 1.0% Estimate: 0.7% Previous: 0.8%
ISM Manufacturing Prices
Actual: 53.5 Estimate: 53.0 Previous: 52.5
Actual: 57.0 Estimate: 56.8 Previous: 57.3
Construction Spending m/m
Actual: 1.0% Estimate: 0.7% Previous: 0.8%
ISM Manufacturing Prices
Actual: 53.5 Estimate: 53.0 Previous: 52.5
Not safe to trade for now
Most trading signals invalid after stock market opened @ 9:30am EST, weakened by worse than expected Unemployment Claims
All supports broken, not safe to trade for now
Wait for ISM Manufacturing PMI at 10am EST to see if the market stabilizes
Trading will be at a higher risk today
Sell S&P 500 @ 1842 if it reaches & drops further again, for 30 minutes expiration
All supports broken, not safe to trade for now
Wait for ISM Manufacturing PMI at 10am EST to see if the market stabilizes
Trading will be at a higher risk today
Sell S&P 500 @ 1842 if it reaches & drops further again, for 30 minutes expiration
Stock Futures update
Stock Futures weakened & dropped further after worse than expected Unemployment Claims, trading risk increased for buying as it's weak for now & might break below supports
Other economic news will also affect it later
Other economic news will also affect it later
Unemployment Claims update
Unemployment Claims
Actual: 339K Estimate: 334K Previous: 338K
(higher= worse than expected)
Actual: 339K Estimate: 334K Previous: 338K
(higher= worse than expected)
Stock Market Analysis & Trading Signals to watch
S&P Futures dropped to 1834.65 & rebounded @ 1835, broke above 1840 only for a few minutes but failed to stay above & dropped to rebound strongly @ 1836
Look to buy S&P Futures @ 1835 or 1836 (S&P 500 @ 1839 or 1840) if it stays above & goes higher
Look to sell S&P Futures @ 1840 (S&P 500 @ 1844) if it stays below & drops further, buy S&P Futures @ 1840 (S&P 500 @ 1844) if it stays above & goes higher
Look to sell S&P Futures @ 1845 (S&P 500 @ 1850) stronger resistance if it stays below & drops further
All for 30 minutes expiration or less
S&P Futures targeting 1840 to become turning point for 8:30am EST's Unemployment Claims
Look to buy S&P Futures @ 1835 or 1836 (S&P 500 @ 1839 or 1840) if it stays above & goes higher
Look to sell S&P Futures @ 1840 (S&P 500 @ 1844) if it stays below & drops further, buy S&P Futures @ 1840 (S&P 500 @ 1844) if it stays above & goes higher
Look to sell S&P Futures @ 1845 (S&P 500 @ 1850) stronger resistance if it stays below & drops further
All for 30 minutes expiration or less
S&P Futures targeting 1840 to become turning point for 8:30am EST's Unemployment Claims
US economic reports 2 January 2014
8:30am
Unemployment Claims
9:00am
Final Manufacturing PMI
10:00am
ISM Manufacturing PMI
Construction Spending m/m
ISM Manufacturing Prices
Unemployment Claims
9:00am
Final Manufacturing PMI
10:00am
ISM Manufacturing PMI
Construction Spending m/m
ISM Manufacturing Prices
Wednesday, 1 January 2014
Trading signals to watch 2014
S&P 500's highest point reached was 1849.44 with target @ 1850 but it's too high for today as it tried twice & failed to even reach 1850
We previously mentioned on 26 December that next target should be 1850 before end of the year 2013
1850 should continue to be targeted & become important support or resistance in the beginning of 2014, depending on if it breaks above or stays below
Watch S&P 500 @ 1850 key level, look to sell if it stays below, buy if it breaks above
The stock market will be closed tomorrow on New Year 1 January 2014
We previously mentioned on 26 December that next target should be 1850 before end of the year 2013
1850 should continue to be targeted & become important support or resistance in the beginning of 2014, depending on if it breaks above or stays below
Watch S&P 500 @ 1850 key level, look to sell if it stays below, buy if it breaks above
The stock market will be closed tomorrow on New Year 1 January 2014
Buy S&P 500 @ 1844- 2 wins, sell S&P 500 @ 1844- 1 win
Previous signals to watch:
S&P Futures broke above resistance & went higher, showing a lot of strength but went up too high too early again
S&P 500 new resistance @ 1844 but it might be able to go even higher if economic news especially Consumer Confidence are better than expected
Look to buy S&P 500 @ 1844 if it breaks above & goes higher, for 30 minutes expiration, sell @ 1844 if it fails & drops further
If it fails, S&P 500 might drop back to test 1840 again
Look to buy S&P 500 around 1839 or 1840 (support not confirmed yet for today) if it rebounds, stays above & goes higher, for 30 minutes expiration, especially if economic news are better than expected & the market goes up after that
Today's the end of the year 2013 & trading will be at a higher risk as stocks might also drop instead of going higher due to profit taking
Updates:
New possible resistance @ S&P Futures' 1840 (S&P 500 around 1845.5)
S&P Futures found small support @ 1839 (S&P 500 around 1844.5) & is trying to stay above 1840 (S&P 500 around 1845.5) & go even higher
Results: Buy S&P 500 @ 1844- 2 wins, sell S&P 500 @ 1844- 1 win
Buy S&P 500 @ 1844 as it broke above 1844 & went higher at 10am EST after Consumer Confidence was better than expected & expired @ 1844.99 at 10:30am EST
S&P 500 stayed below 1845.5 for around an hour then broke above & jumped to 1848.55 but slowly dropped back as it was too high
After it dropped below 1844, sell S&P 500 @ 1844 as it expired @ 1843.58 at 3pm EST
S&P 500 managed to stay above 1842 & rebound to go higher, but safer supports were at 1839 or 1840 & wasn't reached
Buy S&P 500 @ 1844 after it broke above 1844 again at 3:30pm EST & went higher to expire @ 1848.36 at 4pm EST
S&P Futures broke above resistance & went higher, showing a lot of strength but went up too high too early again
S&P 500 new resistance @ 1844 but it might be able to go even higher if economic news especially Consumer Confidence are better than expected
Look to buy S&P 500 @ 1844 if it breaks above & goes higher, for 30 minutes expiration, sell @ 1844 if it fails & drops further
If it fails, S&P 500 might drop back to test 1840 again
Look to buy S&P 500 around 1839 or 1840 (support not confirmed yet for today) if it rebounds, stays above & goes higher, for 30 minutes expiration, especially if economic news are better than expected & the market goes up after that
Today's the end of the year 2013 & trading will be at a higher risk as stocks might also drop instead of going higher due to profit taking
Updates:
New possible resistance @ S&P Futures' 1840 (S&P 500 around 1845.5)
S&P Futures found small support @ 1839 (S&P 500 around 1844.5) & is trying to stay above 1840 (S&P 500 around 1845.5) & go even higher
Results: Buy S&P 500 @ 1844- 2 wins, sell S&P 500 @ 1844- 1 win
Buy S&P 500 @ 1844 as it broke above 1844 & went higher at 10am EST after Consumer Confidence was better than expected & expired @ 1844.99 at 10:30am EST
S&P 500 stayed below 1845.5 for around an hour then broke above & jumped to 1848.55 but slowly dropped back as it was too high
After it dropped below 1844, sell S&P 500 @ 1844 as it expired @ 1843.58 at 3pm EST
S&P 500 managed to stay above 1842 & rebound to go higher, but safer supports were at 1839 or 1840 & wasn't reached
Buy S&P 500 @ 1844 after it broke above 1844 again at 3:30pm EST & went higher to expire @ 1848.36 at 4pm EST
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