Stock futures pointed lower as traders secured profit

The stock market looks will trade lower in today’s trading session as DJIA futures are currently lower by 65 points. Traders will use the bearish movement in the stock market to add more long positions. The trend is bullish after the inflation report and the Fed latest meeting. If the inflation trend continue the same and there is no change in the Fed’s tone then the directions is upward.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index has not shown any weakness as the index continues to climb. It might move upward to target a new higher high. At the current time, traders will wait for a bearish pullback for a chance to add long positions in stocks. On the lower side, the daily SMA 200 will become the bearish target to watch.

Boeing Co Com (BA)

BA share prices traded upward and reached the cluster of averages as shown on the chart. If the share prices get rejected from the averages then it will attempt to bounce from the level around $200.00 to continue the bullish trend. A close above the daily SMA 200 will confirm a bullish continuation in the share prices.