Market Review, July 31, 2015

Wall Street stock exchanges closed yesterday with stability, after publication of economic figures regarding the unemployment claims and data growth which reinforced expectations that the Federal Reserve will raise the rate as early as its next meeting in September.
US economy grew in the second quarter by 2.3% versus expectations of 2.8% growth.
The weekly jobless claims rose to 267 thousand initial claims compared to 255 thousand in the previous week, while economists forecasts was to 275 thousand.
On a daily summary the NASDAQ closed up by 0.3%, the S&P 500 closed unchanged after the course of trade has been falling by 0.6%, the Dow Jones closed almost unchanged.
Facebook shares fell yesterday by 3% due to a jump of 82% of the company expenses.
The European stock markets ended yesterday with increases for the third consecutive day, after consumer confidence and executives in the Euro zone’s unexpectedly climbed to a four-year peak
On a daily summary the London and Paris stock exchanges rose by 0.6%, Frankfurt climbed by 0.4%.
The price of the Gold went down yesterday by 0.3%, ended the day at a price level of
1,089.7 dollar an ounce, the price of the Oil also went down yesterday, by 0.6% and in the end of the day he ended at a price level of 48.52 dollar a barrel.

Trading Opportunity
INTEL

On a daily time frame, the price of the share is on a downtrend.
This trend supported with by a diagonal resistance line, and yesterday the price of the share dropped by 0.34% as the trading volume continued to be high.
The averages of the RSI and stochastic are face down and our tendency is to look for the continued of decline.

intel d 31.7.15

The entry of a PUT trade will be at the start of the US trading day, between the levels of 28.91 – 28.85.
The expiry will be July 31 at 20:00.