22 Dec 2014
Indexes continue their march up as investors' euphoria extends – Sunshine Profits
FXStreet (Barcelona) - Paul Rejczak of Sunshine Profits observes that Friday’s gains in indices have fueled investors’ expectations for a positive open today as index futures are currently up 0.3%.
Key Quotes
“The main U.S. stock market indexes gained between 0.2% and 0.5% on Friday, extending their recent rally, as investors continued to react to last week’s FOMC rate decision release. The S&P 500 index got closer to its December 5th all-time high of 2,079.47. The nearest important resistance level is at around 2,080. On the other hand, support level is at 2,050-2,060, among others. There have been no confirmed negative signals so far, however, we can see some short-term overbought conditions.”
“Expectations before the opening of today’s trading session are positive, with index futures currently up 0.3%.”
“The European stock market indexes have gained 0.7-0.9% so far. Investors will now wait for the Existing Home Sales number release at 10:00 a.m.”
“The S&P 500 futures contract (CFD) trades close to last week’s highs, as it fluctuates along the level of 2,070. The nearest important support level is at around 2,055-2,060, as we can see on the 15-minute chart”
Key Quotes
“The main U.S. stock market indexes gained between 0.2% and 0.5% on Friday, extending their recent rally, as investors continued to react to last week’s FOMC rate decision release. The S&P 500 index got closer to its December 5th all-time high of 2,079.47. The nearest important resistance level is at around 2,080. On the other hand, support level is at 2,050-2,060, among others. There have been no confirmed negative signals so far, however, we can see some short-term overbought conditions.”
“Expectations before the opening of today’s trading session are positive, with index futures currently up 0.3%.”
“The European stock market indexes have gained 0.7-0.9% so far. Investors will now wait for the Existing Home Sales number release at 10:00 a.m.”
“The S&P 500 futures contract (CFD) trades close to last week’s highs, as it fluctuates along the level of 2,070. The nearest important support level is at around 2,055-2,060, as we can see on the 15-minute chart”