More optimism in DJIA
Dow Jones Industrial Averages closed up after U.S stock market posted gain under positive ISM manufacturing data yesterday. The index futures also stay in the positive region before FOMC meeting minutes this afternoon.
Stronger U.S dollar haunted the market and put crude oil price on retreat after it touches 18 Months high. Although the strength of U.S dollar put several major pairs to the backseat, we could see advances in the Asian and European stock market.
Dow Jones Industrial Averages (INDU)
Opened higher and moved lower in the initial U.S trading session, Dow Jones Industrial Averages closed with triple digit gains +119.16. The 20,000 target has not reached yet in the previous year, and we might see the index reach it soon.
Facebook Inc (FB)
FB is in bearish trend after it closed below the daily SMA 200, but there is hope for the bull as the price drop is not severe. The share has blue long-term support trendline, if it can bounce from the trendline and close above the averages, we might see another new bullish trend in the stock.
TRV – bearish engulfing pattern from the top of the channel.
MCD – close back below its daily SMA 200, a bearish sign but need confirmation.
TGT – If the price can close back above its daily SMA 200, it will continue the bullish trend.
LVS – the price almost touched its daily SMA 200
KR – slide lower than its daily SMA 200, possible failure of re-test, wait for confirmation.