The troubled eurozone is on the verge of sliding into a double-dip recession after GDP showed that its economy shrank further while UK is already in double dip recession. One would have anticipated market to sell off but it didn't happened. Because of the ECB's fine tuning operation, stock market opened higher with Dow jones rallying 52 point, S&P500 rallying 12 point and Nasdaq rallying up 14 point. At the close, Dow Jones was up 2.71 point, S&P500 was down 0.18 point and Nasdaq was down 5.54 point. The sole reason which is preventing this market from sell off is robo computer program along with FED and ECB.
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| US, Euro zone quarterly Q2 GDP |
For bullish sentiment to continue, Dow needs to break 13,191 and S&P500 needs to break 1406.53
For bearish sentiment to continue, Dow needs to break 13,144 and S&P500 needs to break 1398.
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| S&P500, Dow are expected to open lower but 13191, and 1406.6 are key resistance on the upside and a bullish sign. If market is able to close below this level at the close, it will be first bearish sign. |
Safe zone for notable stocks
UVXY is a buy above 5.47 but sell below 5.27
TVIX is a buy above 2.65 but sell below 2.55
AAPL is a buy above 632 but sell below 626
GOOG is a buy above 687 but sell below 683.
GLD is a sell below 155.19 but a buy above 155.50
AGQ is a buy above 38.65 but a sell below 38.20
Economic Calendar
After hour percentage gainer and loser
UVXY is a buy above 5.47 but sell below 5.27
TVIX is a buy above 2.65 but sell below 2.55
AAPL is a buy above 632 but sell below 626
GOOG is a buy above 687 but sell below 683.
GLD is a sell below 155.19 but a buy above 155.50
AGQ is a buy above 38.65 but a sell below 38.20
Economic Calendar
| TIME (ET) | REPORT | PERIOD | ACTUAL | FORECAST | PREVIOUS |
|---|
| 8:30 am | Consumer price index | July | 0.2% | 0.0% | |
| 8:30 am | Core CPI | July | 0.2% | 0.2% | |
| 8:30 am | Empire state index | Aug. | 6.0 | 7.4 | |
| 9:15 am | Industrial production | July | 0.6% | 0.4% | |
| 10 am | Home builders' index | Aug. | -- | 35 |
After hour percentage gainer and loser
| Percentage Gainers | |||||||||
| Issue | Symbol | Volume | Last | Chg | % Chg | High | Low | ||
| Vitesse Semiconductor | VTSS | 25,200 | $2.99 | 0.39 | 15.00 | $2.99 | $2.30 | ||
| Renewable Energy Group | REGI | 14,051 | 5.05 | 0.35 | 7.45 | 5.22 | 4.70 | ||
| GOL Linhas Aereas Inteligentes ADS | GOL | 55,434 | 5.05 | 0.29 | 6.00 | 5.05 | 5.05 | ||
| Synacor | SYNC | 8,966 | 8.26 | 0.36 | 4.56 | 8.26 | 7.85 | ||
| Arena Pharmaceuticals | ARNA | 693,636 | 8.54 | 0.28 | 3.39 | 8.75 | 7.88 | ||
| Percentage Decliners | |||||||||
| Issue | Symbol | Volume | Last | Chg | % Chg | High | Low | ||
| KIT digital | KITD | 28,814 | $2.86 | -0.14 | -4.67 | $3.15 | $2.80 | ||
| EnergySolutions | ES | 11,933 | 2.10 | -0.08 | -3.67 | 2.26 | 2.10 | ||
| Ellington Financial | EFC | 25,760 | 22.60 | -0.79 | -3.38 | 23.28 | 22.37 | ||
| ACCO Brands | ACCO | 23,736 | 6.55 | -0.21 | -3.11 | 6.97 | 6.55 | ||
| Rentech | RTK | 5,540 | 2.13 | -0.05 | -2.29 | 2.18 | 2.12 | ||
