SP500 is rising despite weak US data
ملخص التحليل الفني مؤشر سوق الأسهم (Standard & Poor’s (500: شراء
| مؤشر | الحجم | الإشارة |
| RSI | محايد | |
| MACD | شراء | |
| Donchian Channel | شراء | |
| MA(200) | بيع | |
| Fractals | شراء | |
| Parabolic SAR | شراء |
تحليل الرسم البياني
On the daily timeframe SP500: D1 is ising toward the 200-day moving average MA(200), which has leveled off. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 2759.46. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 2409.79. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (2409.79) without reaching the order (2759.46), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
التحليل الأساسي لـ -
Economic data from US have been mixed in recent weeks. Will the SP500 rebound continue?
US economic data in the last couple of weeks were mixed. US businesses cut more than expected 701,000 jobs in March. However services sector expansion continued though at much slower rate: the ISM non-manufacturing PMI declined to 52.5 from 57.3 in January when a drop to 44 was forecast. Readings above 50.0 indicate sector expansion, below indicate contraction. Of more recent data the Mortgage Business Association reported mortgage applications dropped 17.9% in the week ended April 3 following a 15.3% rise in the previous week. And Fed minutes for the March 15 policy meeting showed policy makers saw no major economic recovery until next year as a worst-case scenario of the coronavirus outbreak. However, the US administration launched massive monetary and fiscal aid programs to combat coronavirus impact. On March 25, 2020 a $2 trillion Phase Three stimulus bill was passed, providing $301 billion in direct cash payments, totaling $1,200 for those earning up to $75,000 and $500 per child; $500 billion government loan program to companies impacted by the outbreak; $367 billion in federally guaranteed small business loans; $250 billion to expand unemployment insurance; $221 billion in business tax cuts; $390 billion to state governments and public programs such as agriculture, drugs and transportation. These measures together with monetary stimulus program by the Federal Reserve buoyed investors’ confidence, leading to recovery in equity market.