USA500 Analysis

Morning Analysis for CFD Instruments 08/11/2018

Fundamental analysis

08 November, 2018

The USA500 traded sharply higher by close of business on Wednesday at 2813.89 as market sentiment improved with the US elections out of the way allowing both political parties to claim victory. Democrats won control of the House of Representatives on Tuesday, while President Donald Trump's Republican party expanded its Senate majority, pointing to the likelihood of political gridlock in Washington but some analysts felt that a divided Congress would be good news for equities. Technology and healthcare sectors soared as investors believed that those growth sectors should benefit from the situation. Even after Wednesday's gains, the S&P 500 was 4 percent below its record close in September, as investors kept their eyes on rising interest rates and the U.S.-China trade war. The Federal Reserve began a two-day monetary policy meeting on Wednesday, but no rate increase was expected when it releases its policy decision on Thursday. The Fed is expected to raise rates in December, at its last policy meeting of the year. The best performers of the session were Caterpillar, which rose 4.46%, Microsoft was up 3.94%, AMD also grew 5.61%. The worst performers of the session were Procter & Gamble Company, which fell 0.24%, Walt Disney Company added 0.29% and Coca-Cola was up 0.53%.

Technical analysis

USA500 Analysis Technical analysis 08/11/2018
Time Frame: 1 hour

USA500 Support & Resistance Table - 08/11/2018

Support & Resistance Level Explanation
Resistance 2 2845.05 Daily R2
Resistance 1 2825.00 Daily R1
Support 1 2793.00 Daily S1
Support 2 2773.00 Daily S2

USA500 Indicator Table - 08/11/2018

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Buy
RSI (14) Sell
Stochastic ( 9;6;3) Sell

USA500 Indicator / Period Table - 08/11/2018

Indicator / Period Day - BuyWeek - SellMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Sell NeutralBuy
SMA 20 Buy SellBuy

USA500 08/11/2018 - Reference Price : 2811.32

Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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