U.S. stocks rose as stronger-than-estimated earnings bolstered optimism about the economy. The Dow Jones Industrial Average rose 52.45 points, or 0.4% (+1.3% wow) to 12,505.99, as corporate earnings by Travelers, Apple, Morgan Stanley and Qualcomm topped estimates. The S&P 500 gained 0.5% to 1,337.38.
New applications for unemployment benefits in the U.S. fell less than forecast last week, indicating the labor market will take time to improve. Jobless claims decreased by 13,000 to 403,000 in the week ended April 16. The number of people on unemployment benefit rolls and those receiving extended payments declined.
Daily Dow Jones Is Upside Bias As Technicals On The Mend And 5-Days SMA Cut Above The 10-Days SMA.
Weekly Dow Jones Medium Term Is Upside Towards 13500 Points
Source: StockCharts.com
Hi,
ReplyDeleteSeems like it’s a nice blog. So let us also add something useful in it. Trading in volatile market can be very fruitful also if we follow technical levels closely. It’s a common saying that stock market can change fortune in either way. But now the question is how to earn money from the Indian stock market.
Traders are advised to strictly follow technical analyses and investors can follow fundamental analysis. Many analysts say it’s not wise to follow technical and fundamental analysis together. But we say what the problem is if one does so? As more knowledge will add up things will not have any negative impact.
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