Flat opening on the table
U.S stock market set to open flat today as the trade talks with China reach another obstacle. China refuses to commit specific purchases value on USA agricultural products. Moreover, there is yet agreement on technology transfer and security measures.
The stock market might continue sideline for now while waiting for Jerome Powell’s speech today. We might have major movement after the speech.
Asian & European Stock market
The Asian stock market mixed today. Japan’s stock market down 178.32 points (-0.76%) to 23,141.55, China stock market up 4.63 points (+0.16%) to 2,909.87, and Australia ASX 200 up 36.70 points (+0.55%) to 6,735.10. The European stock market edge lower. DAX Germany down 0.35%, UK FTSE down 0.31%, Euro STOXX600 down 0.13%
Dow Jones Industrial Average (INDU)
In the previous day DJIA printed fresh all-time high again and might not stop yet even though DJIA futures pointed lower today. Traders could continue to expect more fresh high printed. Today Jerome Powell’s speech could add more fuel to the upside.
Americold Realty Trust Com(COLD)
COLD has been moving inside the bullish channel since the beginning of the year. It broke below the channel recently and fell below SMA 100. At the current time, COLD might continue lower and reach SMA 200. If COLD could not bounce from the averages then we will expect a long-term bearish trend established.
Yelp Inc Com (YELP)
YELP share prices move with strong momentum after earnings result. Recently the share prices climb above the daily SMA 200. We could see a triangle consolidation is in play. YUM might continue trade inside the triangle with SMA 200 as the middle point.