27 Apr 2015
US stocks expected to open in green – Sunshine Profits
FXStreet (Barcelona) - Paul Rejczak, Stock Market Strategist at Sunshine Profits, notes the US equity futures indicate that expectations for today’s open are on the positive side.
Key Quotes
“Expectations before the opening of today's trading session are positive, with index futures currently up 0.2-0.3%. The European stock market indexes have been mixed so far. Investors will now wait for Apple's first quarter earnings release after-hours.”
“The S&P 500 futures contract (CFD) trades within an intraday uptrend, as it remains close to all-time high.”
“The technology Nasdaq 100 futures contract (CFD) follows a similar path, as it continues its long-term uptrend. The nearest important level of support is at around 4,500.”
“The S&P 500 index slightly extended its long-term uptrend on Friday, as the technology stocks led the broad stock market higher. There have been no confirmed negative signals so far.”
“However, we continue to maintain our speculative short position (2,098.27, S&P 500 index), as we expect a downward correction or an uptrend reversal. Stop-loss is at 2,140, and potential profit target is at 1,980.”
Key Quotes
“Expectations before the opening of today's trading session are positive, with index futures currently up 0.2-0.3%. The European stock market indexes have been mixed so far. Investors will now wait for Apple's first quarter earnings release after-hours.”
“The S&P 500 futures contract (CFD) trades within an intraday uptrend, as it remains close to all-time high.”
“The technology Nasdaq 100 futures contract (CFD) follows a similar path, as it continues its long-term uptrend. The nearest important level of support is at around 4,500.”
“The S&P 500 index slightly extended its long-term uptrend on Friday, as the technology stocks led the broad stock market higher. There have been no confirmed negative signals so far.”
“However, we continue to maintain our speculative short position (2,098.27, S&P 500 index), as we expect a downward correction or an uptrend reversal. Stop-loss is at 2,140, and potential profit target is at 1,980.”