U.S stock market ready to open higher today as futures pointed upward before market open. The news focus today is the North Korean issue where President Trump urge countries around the world to restrain North Korea nuclear program. Another major news is actions done by Saudi crown prince to seize power, and the action bolster oil prices which up more than 10% since October.
The market also will observe The Fed Janet Yellen speech later.
Asian stock market higher on Tuesday. Nikkei up 389.25 points (+1.73%) to 22,937.60, Shang Hai Composite up 26.97 points (+0.80%) to 3,415.14 and Australia ASX 200 up 60.56 points (+1.02%) to 6,014.34. European stock market on the other hand slumped today. DAX Germany down 0.03%, FTSE UK down 0.26%, Euro STOXX 600 down 0.06%.
Dow Jones Industrial Average (INDU)
No Change to the current analysis on Dow Jones Industrial Averages. The index print new record high Yesterday and it might continue upward this week. Traders will observe The Fed Yellen speech today to determine if there will be a change in future trend.
FeDex Corporation (FDX)
FDX is under correction period after the share prices hit a new record high. The correction reaches previous broken extreme high at $220.00. The price will test confluence of supports, trendline and horizontal support followed by daily SMA 50. If the bull could maintain the share prices above the support, it will bounce and continue higher to test record high.
HES – The share prices breakthrough its daily SMA 200 upside. Might provide long chance when the share prices retest the averages.
UPS – The share prices headed lower to the daily SMA 200. Look for a long opportunity when the share prices hit $110 and the averages.
APC – Possible short opportunity when the share prices hit daily SMA 200.
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