Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 35048 with take profit at 35079.
Bearish Preference:
Sell position is envisaged if price trades below 34910 with take profit at 34882.
Fundamentals:
USD 1:30 PM Advance GDP q/q
Advance GDP Price Index q/q
Unemployment Claims
Comment: The Dow and the S&P 500 rose on Thursday as comments from the Federal Reserve that the U.S. economic recovery was on track lifted economically sensitive stocks, while Ford jumped after raising its profit outlook for the year. The automaker was up 4.8% in premarket trading and on course to open at a two-week high as it also reported a rise in revenue and operating profit in North America — its largest market.
Analysis: SCRUM Team