Upon completion of the shopping madness of Thanksgiving in the US, the stock markets will return to normal trading until the Christmas holidays and the New Year.
The world stock markets are close to record highs but many dangers hovering in the air and these threatening to bring a sharp correction measures, and perhaps the first real correction for years.
The tensions between Russia and Turkey can contribute to the does not contribute to the security of the markets,as investors tense ahead of US employment data that would give further indication about the feasibility rate in the US (the first interest rate rise in years)
According to forecasts, about 200 thousand jobs added to the US economy in November while the unemployment rate is expected to remain unchanged at 5%.
Another concern among investors in the world is the bad economic performance of the Far East.
In Europe, in this week the interest rate decision of Central Bank will be published and other incentives will be tested.
Last week trading on the stock exchanges of Wall Street ended with a mixed trend.
The S & P 500 finished eighth weekly of gain in the last nine weeks, and last week, added 0.04%.
The Dow Jones dell last week by 0.1%, while the NASDAQ rose by 0.45% over the week.
Last Friday, the Shanghai Stock Exchange collapsed by 5.5% due to fears of investors of a further decline in the manufacturing sector in the country.
Last Friday the price of the share went down by 2.98%, created a gap and as the trading volume was high.
Also, the average of the RSI crossed down his 50 line.
Our tendency is to look for a PUT option opportunity.
The entry will be at the start of the US trading day, between the levels of 115.15 -115.00.
The expiry time, November 30 at 21:00.
Yesterday, there was no trading on Wall Street due to Thanksgiving Day, and today the trading day will be abbreviated.
China announced of a series of new customs measures to encourage the trade of the world’s second largest economy.
Among other things,China lowered the import and export expenses.
In October there was an annual decrease of 4.6% in the profits of the industry in China.
Japan reported that the index of core consumer price inflation fell for the third consecutive month, which indicating the fragile nature of the economy.
The index fell by 0.1% in October.
Japan unemployment fell in October by 3.1%, compared with 3.4% in September, reaching its lowest level in 20 years.
The trading on European stock exchanges ended yesterday with a record rise of three months.
On a daily summary, the DAX rose 1.4% to a record of three months, the CAC was up by 1.1% and the FTSE rose by 0.9%.
Spain reported that the economy grew at an annual rate of 3.4% in the third quarter, the highest growth rate since the financial crisis in 2008.
The US dollar continues to maintain a high level of eight and a half years against the Euro due to expectations of a plan to increase the quantitative easing in the Euro zone.
Today there will be no trading on Wall Street due to Thanksgiving Day.
Several economic data released yesterday in the US:
The orders for durable goods in the US climbed in October for the first time three months, by 3%.
The number of initial jobless claims in the US fell by 12 thousand to 260 thousand,a week before Thanksgiving.
This leave the jobless claims near the lowest level in years.
The US personal consumption climbed by 0.1% in October.
On a daily summary, the Dow Jones and the S&P 500 were closed unchanged and the NASDAQ rose BY 0.2%.
There are lots of reports that the European Central Bank (ECB) is considering expanding the scope of its quantitative easing program.
In response to these reports yesterday, the European markets ended the trading day with sharp gains, and the Euro was down to a record low against the US dollar.
The price of the Oil rose yesterday by 0.5% to a level of 43.1 per barrel.
The trading on the stock exchanges of Wall Street closed with gains yesterday, led by the commodities and the energy stocks.
According to data released by the US Department of Commerce, the US economy grew sharply in the third quarter.
The gross domestic product (GDP) of the US grew by an annual rate of 2.1%, compared to initial estimates of 1.5%.
The European stock markets closed with declines, led by the shares of aviation and tourism.
The German business confidence improved slightly in November, according to figures published by the Ifo research institute.
The Index rose to 109 points in November compared to 108.2 points October.
The Oil rose yesterday by 2.7%, it was the sharpest rise in three weeks, and ended at a price level of 42.9 dollars per barrel.
The price of the Gold rose yesterday by 0.7% and set at a price level of 1073.80 dollars an ounce.
The price of the share went up yesterday by 0.11% but as the trading volume was low.
The price was set at a price level of 54.25, next to a resistance area.
Our tendency is to look for a PUT option trade.
The entry will be at the start of the US trading day, between the levels of 54.25 – 54.10.
The expiry time will be, November 25 at 21:00.
The trading on Wall Street closed yesterday with a slight declines and with a thin trading volumes.
Economic news from the US yesterday:
The ISM US manufacturing fell in November to his lowest level for 25 months, a level of 52.6 points.
The US existing home sales retreated in October by 3.4% to an annual rate of 5.36 million homes.
After a volatile day, the price of Oil closed with a fall in view of estimates that excess supply in the global market may persist.
On a daily summary the Oil fell by 0.4% to the price level of 41.75 dollars per barrel.
The price of Gold fell yesterday to a low of nearly six years in light of the increased expectations that the Federal Reserve will raise interest rates next month in the United States, for the first time in nearly a decade.
On a daily summary, the Gold closed at a price level of 1066.8 dollar an ounce after falling of 0.9%.
The European stock markets closed with declines yesterday, led by the commodities sector, due to the continued fall of metal prices.
On a daily summary, London Stock Exchange closed down by 0.5%, Frankfurt retreated by 0.3% and Paris lost 0.4%.
The the price of the Silver went down yesterday by 0.35%, during the day the price went down to a price level of 13.93 but at the end of the day it ended at a price level of 14.14, just above a support area.
The averages of the Stochastic are at an extreme oversold area.
Our tendency is to look for a CALL option trade.
The entry will be between the levels of 14.10 – 14.17.
The expiry time will be, November 30 at 17:10.
The trading on Wall Street stock exchange this week will opened after the markets rose sharply last week.
At the background of trading there will some economic news, such as the real estate data center and the growth of the economy.
Today there will be the data of the US existing home sales, which responsible for 90% of the country’s real estate market.
On Tuesday there will a data of the second estimate of US growth in the third quarter of 2015, when the figures published last month showed a disappointing growth of 1.5% in the US economy.
Also the Case-Shiller index of house prices will be published on Tuesday.
As stated last week the stock exchanges have completed the steepest weekly starting this year.
On a weekly summary, the S&P 500 closed up by 3.3%, the best week since December 2014 and the seventh weekly gain in eight weeks.
The Dow Jones climbed by 3.4%, and the NASDAQ went up by 3.6%.
On Thursday there will be no trading on Wall Street due to Thanksgiving Day and on Friday the trading on the markets will conclude at an early hour.
Europe, Greece is expected to receive payment assistance of 2 billion Euro after on Saturday the finance ministers of the Euro zone confirmed the transfer of an aid package designed to support the banks in the country.
On a weekly chart we can see that the share is on a clear uptrend.
Last week the price of the share went up by 5.52% as the trading volumes were high.
The strong bullish candle of last week giving us a signal that more buyers are still in the area.
Our tendency is to look for a CALL option trade.
The entry will be at the start of the US trading day, between the levels of 756.60 – 757.20.
The expiry time will be December 4 at 17:10.
The trading on Wall Street ended yesterday with stability.
On a daily Summary, the S&P 500 closed down by 0.1%, the NASDAQ and the Dow Jones closed virtually unchanged.
Intel shares jumped by 3.44% yesterday following an encouraging outlook that the of the company sales in 2016 will grow at a rate of “medium single-digit”.
Yesterday the price of the Gold closed the trading day with a rise of 0.9% to a price level of 1077.9 per ounce.
This was the sharpest increase in the past month, due to increased expectations for higher interest rates in the US and a weakening US dollar.
The European stock markets closed the trading day yesterday with rising prices.
The British FTSE rose by 0.8%, the German DAX added 1.1% and the French CAC was up by 0.2%.
The share is on a clear rising trend but we can try and catch a technical correction down after yesterday the price of the share went down by 1.40% as the trading volume were high,while creating an Harami pattern, which is a reversal pattern.
The entry will be of a PUT option trade at the start of the US trading day, between the levels of 106.25 – 106.10.
The expiry time will be November 20 at 21:00.
A volatile trading day in Wall Street stock markets ended yesterday almost unchanged yesterday.
At the macro scene it was published yesterday that the CPI rose in October for the first three months.
The index rose by 0.2%, in line with expectations and following a decline of 0.2% at the previous month.
The industrial production output data for October fell by 0.2%, which was above expectations of a 0.1% decline.
Wal-Mart shares jumped by 3.5% yesterday after the retail giant reported of a better than expected quarterly profit.
The Crude Oil fell yesterday for the fourth time in the five trading days due to the continued concerns about excess supply at the oil markets.
The price of Gold fell yesterday to a low of more than five and a half years, also because of an inflation data released at the US which showed no signs of accelerating price increases.
The price of Gold closed at a level of 1068.6 dollars an ounce after a falling by 1.4%.
The European stock markets yesterday registered the sharpest daily gains in six weeks, led by the sectors of energy and defense industries.
The exporters shares climbed because of the weakening of the Euro in the world.
On a daily summary, the London Stock Exchange closed up by 2%, Frankfurt jumped by 2.4% due to the strong investor confidence data released in Germany, Paris jumped by 2.8%.
On a daily chart we can see that the pair is reaching a support area.
The lower band of the bollinger bands began to converge up, also, the averages of the Stochastic are at an oversold area.
Our tendency is to look for a CALL option opportunity.
The entry will be between the levels of 0.6980 – 0.7020.
The expiry time will be, November 20 at 17:10.
The trading on Wall Street stock markets yesterday had the sharpest rise in three weeks,in view of expectations that the terrorist attacks in France will have a limited economic impact.
Yesterday it was published the Empire State Index, which examines the business activity in New York contracted in November for a fourth month in a row, and by the sharpest rate since the global financial crisis.
The Index climb to a level of minus 10.7 points compared with a level of minus 11.4 points in October.
The European stock markets, which began the trading day with declines in view of the terrorist attacks in France, eventually closed on a positive trend following the publication of data indicating that Euro zone inflation is out of deflation and returned to be positive.
The Crude Oil rose yesterday for the first time in four days in view of a decline in oil production of OPEC countries and concerns that French air force attacks in Syria will cause disruptions in oil supplies from the Middle East.
At the end of the day the price of the oil ended at a price level of 41.74 dollars per barrel, a jump of 2.5%.
On a daily chart we can see that the price of the silver is reaching a support area of 14.00.
The price of the silver is going down for the last 14 trading day, but against it there is a bullish divergence at the histogram of the MACD indicator.
Also, the averages of the RSI and Stochastic are at an extreme oversold area.
Our tendency is to look for a technical correction up, we can do so with an entry of a CALL option trade.
The entry will be between the levels of 14.10 – 14.20.
The expiry time will be December 30 at 17:10.
The world stock markets opens the new trading week after the terrorist attacks in Paris, and also after the worst trading week on the stock exchanges in Europe and the US for two months.
In addition, the earnings season drawing to a close as investors fear from a weak results of some major US retailer.
The trading on the stock exchanges of Wall Street ended last week on a negative trend and this was the first weekly decline since September, after weak retail sales data released in the US.
This intensified concerns that the growth in the world’s largest economy isn’t gaining momentum despite the Fed is considering raising the interest rates already in next month.
On a weekly summery, the S&P 500 fell by 3.6%, the worst week in two months.
The Dow Jones retreated by 3.7% and the NASDAQ lost 4.3%, the worst week since August.
The European stock markets were closed on Friday at a three-week low on their way to the steepest weekly drop in more than two months in view of a backdrop of disappointing growth figures in the Euro zone.
Japan’s economy entered a recession in the third quarter, and this is its fifth recession in 7 years after the Japanese GDP shrank by 0.2% in the third quarter compared to the second.
The price of Gold fell last week by 0.6% and was set at a price level of 1080.9 dollars per ounce, the lowest price since February 2010.
It was the fourth week in a row where the price of Gold goes down.
The price of Oil fell last week by a total of 8% and the price was determined on a price level of 40.74 dollars per barrel.
Last week the share went down by 9.28% with high trading volume and created a Morning Star reversal pattern, which came after a rise.
Our tendency is to enter with a PUT option trade at the start of the US trading day, between the levels of 75.85 – 75.65.
The expiry time will be, November 20 at 17:10.