U.S stock futures gaining ahead of inflation data

Tomorrow, there will be the release of U.S inflation data. It is expected to influence the long-term direction of the stock market. At the current time, DJIA futures are gaining more than 100 points. The same as the previous day situation, traders might want to continue to stay sideline before the data release. We might have a major high volatility movement after the data release.

Technical Analysis

Dow Jones Industrial Average (INDU)

No change yet to the DJIA index situation, the index continues moving sideway between the daily SMA 50 & 200. The ranging situation is expected to continue until the release of U.S inflation data tomorrow. Traders will wait for the breakout directions and closing level at the end of the week to determine the index’s next direction.

Mastercard Incorporated (MA)

MA share prices launched upward and managed to reach the $400.00 handle before starting a bearish correction. At the current time, the share prices trading lower and might reach the daily SMA 200. Traders could use the averages for a chance to enter long positions when retest and bounce happen.