Jul 23, 2014, (8:10 AM EDT)
Ready to run with Dow Jones?
And I can’t wait for more than an hour for U.S. markets to open their doors and step out in the trading ring, so here is a pre-open, before- the –action round up of these “gang leaders” of global stock markets.
Facebook is where all eyes are today in U.S. markets, and for a change, mine are too
FB is going to declare its second- quarter earnings today, making Nasdaq the place of highly volatile trading action. At the time of writing, Nasdaq futures are trading quite positive, like other U.S. index futures, signaling a positive opening in these indexes.
FB is expecting gains on mobile advertising after its acquisition of Whatsapp. No wonder its stock jumped back to all time high levels this week (67.27) that FB had scaled earlier this year in March. Spread betting traders will be crowding Nasdaq for some quick trades today.
Dow Jones, my old friend, had shown selling pressure on day’s high levels yesterday. Today, once again, this index is expected to trade in the same range, till one side of the range ( 17,130- 17,000) is broken- upper or lower.
European markets are trading positive but with one foot ready to turn to the red side.
DAX, as expected today, traded with some gains but the index is showing reluctance in crossing its major resistance of 9,780. This means, the index is making a “lower high” on technical chart. And that means, the current medium-term bearish trend in this index is intact.
That’s all for now. Expect a choppy and small range bound session in U.S. markets today. It will be interesting to see if yesterday’s selling pressure increases in markets today?
I’ll be hoping for that to happen.
You can oil your trading harpoons and get ready to fish some market-whales in stock markets today
See you later.