- Another day, another slide as the FOMC minutes released on Wednesday bolstered the odds that the Fed will start reducing its stimulus sooner rather than later. JCI reached its intraday low at 4107.65 and despite it managed to erase some of its losses, the outlook remains gloomy as we are staring at the subsequent key support area around 4k and 4016. Upside is expected to remain capped at 4373 for now.
- US data provided support for US stocks as jobless claims fell to 330,500 during the week ended August 17th. A week earlier it read 336k. Improving employment situation is seen contributing to raising the odds for Fed stimulus reduction next September. The Dow ended up 0.44% while the S&P 500 climbed 0.86% and NASDAQ gained 1.08%. As European stocks also gained, the JCI is expected move higher during Friday's session. Still, the overall outlook remains precarious as we are moving closer to the next FOMC meeting in mid-September.
- WSKT, ACES and ASRI are removed from the recommendations list as all three hit their respective stop loss levels. ULTJ entered the list as its entry price is filled. By the end of the day, five stocks are active with IMAS and PGAS on the green while ARNA, MDLN, and ULTJ are underwater.
Kamis, 22 Agustus 2013
Morning Dew - 23 August 2013
Key Points
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