Stocks jitter after FBI’s Comey fired by Trump

U.S stock market ready for a slide today as President Trump fired FBI Comey over the handling of Hillary Clinton’s email. Democrat urge probe on Russia which suspected meddles in U.S presidential election. The market reacted negatively to the “Unpredictable President” and flight to the safer asset such as gold, and Japanese Yen.

Dow Jones Industrial Averages Futures were threading down 50 points and stay at bearish side before market open. The market in Asian and European produce mixed result as the market waiting for ECB President Mario Draghi speech later.

Crude oil once again comes into light as EIA scheduled to release its report on crude oil stock. The stock expected to decrease 2 million barrels weekly.

Technical Analysis

Dow Jones Industrial Averages (INDU)

The bearish sentiment before market open should push the index down today toward the support 20,800. There is nothing to expect from current situation as the index has been under stalemate since it broke above 20,800 again.

Charter Communications (CHTR)

There is a possibility of the bounce in CHTR share price after it touches daily SMA 100 and closes as a bullish candlestick. If the price bounce upside, it will move inside $320 – $340 range. However, it is possible for the price to continue lower as the market sentiment turn negative after President Trump fired FBI Director.

Nike (NKE)

It is a crucial moment for NKE as the price bounce from daily SMA 200 after it broke above it and tested it. The price needs to gain momentum and break above nearest bearish trendline to entirely flip the trend into bullish. The close below daily SMA 200 is not favorable and must be avoided by the bull.