U.S stock futures advance sharply

The bullish movement of the U.S. stock market will continue today, as major indices futures gain 0.5-1% before the opening bell. Traders seems betting that there will be no escalation of conflict in the Middle East. Aside from that, the latest string of bad data put more weight on the Fed to start cutting interest-rate. If the interest-rate start to move lower, then traders will see strong continuation of bullish trend in the stock market.

Dow Jones Industrial Average (INDU)

DJIA index resume the bullish movement and on the path to target a new record high. At the current time, the other two major indices has climbed to new record high which might suggest DJIA continue the upward movement. Under current situation, if a bearish correction happens toward the daily SMA 200 then traders could use it as a chance to add long positions in stocks.

Nano Nuclear Energy, Inc (NNE)

NNE share prices looks trending upward, supported by the trend line. The share prices might continue moving bullishly to target previous swing high or the $50.00 handle. Traders could use the trend line as places to enter long positions when bearish correction happen. If there is a bearish breakout below the trend line, traders could also use the daily SMA 200 as a place to add long positions.