Rimani 
Condizioni di trading
Strumenti
S&P500
Weekly US market review for 30.11 - 07.12
The main US indices showed first a strong fall and then a strong rebound to the upside during the week. As a result, they did not change much. Technically, this pattern is called a bullish reversal and is usually followed by a continuation of the rally.
The reason for the fall was the need to relieve investors from excessive purchases. The market has not been in a proper correction for a long time and Thanksgiving was an opportune occasion. The S&P500 index fell to its 50-day average and then started a new rally. During the week there was negative news on the risks from the new Covid strain, Omicron. But there was some positive information too, e.g. the employment report showed a fall in unemployment to 4.2% in November. Manufacturing and service PMI were very strong.
Weekly indices:
The Dow is trading in the 35,020 - 35,230 range. It added 210 points or 0.6%.
The NASDAQ is staying in the 15,720 - 15,220 range. The index lost 500 points or 3%.
The S&P500 is trading in the range of 4,570 - 4,590. It gained 20 points or 0.4%.
Outlook:
The Dow is likely to stay in the range of 35,000 - 35,500
The NASDAQ is likely to remain in the range of 15,000 - 15,500
The S&P500 is expected to be in the 4,550–4,650 range.
The market is waiting for a new inflation report for November. Inflation is likely to remain at high levels. The Fed has started to prepare the market for a policy tightening. There are reports of an early cut in the economic stimulus program in March rather than in June as previously expected.
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
