Waiting for major closing bell

GOOG, AMZN, and MSFT will report earnings after the market close which should rock the market. The result from all three companies could make a gap in the index prices tomorrow. Following the major three out of four (exclude AAPL), SBUX also will join earnings report after market close.

Major indices in Asia closed mildly higher except for Nikkei which down 0.19%. Continue to Europe, most of the major indices underwater after ECB press conference. EUR also slide against other major currencies after it initially moves up. The market still digesting the conference also waiting for a final push from French election in two weeks.

Technical Analysis

Dow Jones Industrial Averages (INDU)

Tax-reform brought optimism to the market, but it is not enough to push the Dow Jones Industrial Averages to close higher yesterday. A news release from U.S region also not convincing to support further bullish sentiment. Despite the fact, the index expected to continue its upward trend and challenge its record high if not today then tomorrow.

Procter Gamble (PG)

PG slide despite its better than expected earnings result. The price is near its daily SMA 200 and the support trendline. Traders could enter position near the averages with tight stop losses or wait until bullish formation formed and jump in position.

Other Watchlist

POT – approaching its daily SMA 200 from below, might bounce lower if failed the test.

CNI – the price reached its daily SMA 50, initial bullish sign shown and might bring the price higher.