Market Indices at the crossroads




S&P500 Index

 




Dow Jones 30 Index

 


NASDAQ Composite Index

 

The 3 major indices (Dow Jones 30, NASDAQ Composite and S&P500) are all near the Aug 2010 High. A close above the Aug 2010 High will symbolise the end of the current downtrend since April 2010. Whether that happens remains to be seen. What's important is that the markets are near its strong resistance level and itself presents a good trading opportunity.

Note that the current earnings season is ending and a new season starts in Oct.

Cheers !

PersianCat

Jewish Holidays in September

In September, there are a number of Jewish holidays with "no work is permitted" ruling. On these days, the market volume for equities, futures and forex are expected to be significantly lower. The "no work is permitted" days are:

• Rosh Hashanah - Sunset of September 8 through nightfall of September 10
• Yom Kippur - Sunset of September 17 through nightfall of September 18
• Sukkot - No work permitted on Sep. 23 - 25
• Shemini Atzeret -  Sunset of September 29 through nightfall of September 30
• Simchat Torah - Nightfall of September 30 through nightfall of October 1

Trade with care.

Cheers !

PersianCat