Major US stock indexes rallied during Friday’s trading session. However, they are still far from their highs.
· Dow Jones gained 0,1%, thus reaching 12 922,02, JPMorgan’s stock appreciated by 1,5% up to $41,03, Intel’s stock strengthened by 0,9 up to $27,07. In the meantime, Hewlett-Packard’s stock dropped 1,9% down to $24,18.
· Standard and Poor’s 500 gained 0,4%, thus rallying up to 1 370,87.
· Nasdaq Composite strengthened by 0,6% up to 2 988,34.
The US external trade deficit increased by $ 52,6B in January2012. This is the highest deficit since 2008.
According to the Market Trading Department of , SP500 is currently being traded around last year’s high. There is no change in the current tendency.
The futures recovered up to the previous levels without any bullish dominance. This may suggest either a “quiet” rally or a reversal with entering the wide range zone:
Once the price consolidates above 1368.00, we can anticipate further purchases with setting new major highs. Once the price consolidates below 1346.00, a strong mid-term retracement will be probable.
If the price is in the range, both intraday purchases and sales are possible:
This week’s economic calendar
