S&P 500: Tiny decrease exepected
Published on 02/05/2015
at 01:09 am AEDT
Bearish under 2065 PTS Target Price: 2025 PTS |
While European places are into the red today in the wake of the oil price decline, the S&P 500 should open slightly down by 0.3%.
It had ended sharply up by 1.3% to 2050 points yesterday, supported by the oil rebound and mergers rumors in the distribution sector.
As for statistics, the ADP Non-Farm Employment Change has reported only 213,000 jobs creation against 224,000 expected. The ISM Non-Manufacturing index anticipated at 56.6 will be released at 10 AM EST.
Graphically, the S&P 500 began a technical recovery in recent sessions on the 1990 point area. However the 2065 points have to be broke-out to have a new bullish potential towards 2040 points.
© MarketScreener.com -
2015
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener Australia. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.
