Stock futures trading upward before earnings results

The situation of the stock market is slightly bullish ahead of tech earnings releases. Also, traders are waiting for the U.S. GDP data and the Fed Jerome Powell speech this week. It seems the current bearish pressure will halt before both events and traders will wait for further confirmation.

Technical Analysis

Dow Jones Industrial Average (INDU)

No bullish reactions yet as the DJIA index continues the bearish movement. However, there is a chance of bullish reactions in today’s trading as DJIA futures are up more than 100 points. If the index continues the bearish movement and prints a new lower low then the bearish trend will continue. On the upside, a close above the daily SMA 200 and a new higher high will cancel the current bearish outlook.

Amer Intl Grp Inc (AIG)

AIG share price is on a bullish track and undergo a bearish correction. The share prices have reached the daily SMA 100 and will test it. If the bearish movement continues then traders could wait near the daily SMA 200. When there are bullish reactions, traders could enter long positions.