U.S. stock higher in pre-market trading for,July 21.The Dow Futures is trading at 26,820.00 up with +0.70% percent or +187.00 point.The S&P 500 Futures is trading at 3,269.62 up with +0.75% percent or +24.37 point.The Nasdaq Futures is trading at 11,047.40 up with +0.88% percent or +96.38 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 22,884.22 up with +0.73% percent or +166.74 point. Hong Kong’s Hang Seng is trading at 25,494.96 up with +1.74% percent or +436.97 point. China’s Shanghai Composite is trading at 3,313.90 with a loss of –0.0074% percent or -0.24 point. India’s BSE Sensex is trading at 37,853.79 up with +1.16% percent or +434.80 point at 12:15 PM.Germany’s DAX is trading at 13,277.55 up with +1.77% percent or +230.63 point. France’s CAC 40 is trading at 5,155.33 up with +1.22% percent or +62.16 point. The Stoxx Europe 600 is trading at 379.53 up with +1.07% percent or ++4.02 point.
Tuesday’s Factors and Events
This ES, E-mini S&P, Weekly chart highlights the technical Double Top pattern that we believe will become a major price ceiling as earnings and other economic data continues to be released. This is a perfect example of how technical patterns align with fundamental data to present very clear trading signals. If the resistance near 3220 holds as we expect, the ES price level should begin to move lower attempting to target the 3000 level.
Monday Activity
For the day the Dow is trading at 26,680.87 up with +0.033% percent or +8.92 point. The S&P 500 is trading at 3,251.84 up with +0.84% percent or +27.11 point. The Nasdaq Composite is trading at 10,767.09 up with +2.51%percent or +263.90 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,467.95 with a loss of –0.36% percent or -5.36 point; the S&P 600 Small-Cap Index closed at 841.87 with a loss of –0.63% percent or ?5.31 point; the S&P 400 Mid-Cap Index closed at 1,825.67 with a loss of -0.59% percent or ?10.88 point; the S&P 100 Index closed at 1,504.11 up with +1.31% percent or +19.40 point; the Russell 3000 Index closed at 1,899.02 up with +0.87% percent or +16.44 point; the Russell 1000 Index closed at 1,805.95 up with +0.95% or +16.95 point.
