Stocks Daily Forecast May 12 2015

0
145

USDINDEX: As long as 96.08/94.97 resistance holds on a daily closing basis, outlook in US dollar index remains on the downside towards the 93.50 levels ahead of the 91.70 levels, above the 96.08 sees a recovery risk towards the 97.32/98.62 levels before the next fall…

Stocks Daily Forecast May 12 2015_USDINDEX

Dow Jones: As long as 17938 support holds on a daily closing basis, outlook in Dow Jones index remains on the upside towards the 18207/18350 levels ahead of the 18530 levels, a clear break below the 17938 levels will reverse risk towards the 17740/17560 levels…

Stocks Daily Forecast May 12 2015_Dow_30

NASDAQ-100: As long as 4405 support holds on a daily closing basis, NASDAQ-100 remains in recovery mode, but recoverey above the 4405 levels should be limited by the 4485 levels where fall resumption is likely, however; a clear break above the 4485 levels will recapture the 4542 levels. On the downside, sustained breakout below the 4405 levels will restore the downside momentum and open the 4370/4220 levels ahead of the 4270 levels.

Stocks Daily Forecast May 12 2015_Nasdaq-100

S&P500: Outlook in S&P 500 index remains neutral, the pair is trapped within 2072/2118 range, above 2118 will restore the upside momentum and open 2140/2166 levels, below 2072 will reverse risk towards the 2041/2025 levels…

Stocks Daily Forecast May 12 2015_SP500

Nikkei 225: As long as 19225 support holds on a daily closing basis, the Nikkei 225 index remains in recovery mode with risk towards the 20255 levels, a clear break below 19225 levels, will resume fall from the 20255 levels and pave the way towards 18750/18375 levels………….. In the medium term forecast I’d expect strong support  from the 19225 levels to limit fall the 20255 levels and bring reversal………….

Stocks Daily Forecast May 12 2015_JPN225

 

MARKET DATA

UPCOMING ECONOMIC EVENTS