USA500 Analysis

Morning Analysis for CFD Instruments 09/11/2018

Fundamental analysis

09 November, 2018

The USA500 traded lower at close of business on Thursday at 2806.83 after a Federal Reserve statement, and energy stocks were the biggest drag on the S&P as U.S. crude oil prices fell. The U.S. central bank said after its two-day meeting that strong job gains and household spending were keeping the economy on track but business investment "moderated from its rapid pace earlier in the year," creating a possible drag on future economic growth. Aside from the comment about business investments, the Fed statement was largely as expected and suggested to investors that the Fed's next rate hike would be in December. But some investors had hoped for a change in tone after October's market sell-off. Tech was also pressured by a fall in FAANG stocks, led by Facebook as the social media giant reportedly is set to face deeper regulatory scrutiny in Europe over its European tax arrangements. Its shares closed 2.4% lower. The winners of the day included Bank of America, gaining 1.16%, Intel growing 0.55% and Cisco, up 1.13%. Among the losers of the day were AMD, down 2.93%, Ford Motor, falling 1.46%, General Electric, dropping 1.09% and Apple declining 0.35%.

Technical analysis

USA500 Analysis Technical analysis 09/11/2018
Time Frame: 1 hour

USA500 Support & Resistance Table - 09/11/2018

Support & Resistance Level Explanation
Resistance 2 2837.00 Daily R2
Resistance 1 2818.50 Daily R1
Support 1 2791.53 Daily S1
Support 2 2778.03 Daily S2

USA500 Indicator Table - 09/11/2018

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

USA500 Indicator / Period Table - 09/11/2018

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

USA500 09/11/2018 - Reference Price : 2805.82

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