Index Analysis, Implications and Outlook
Consumer Price Index numbers a bit disappointing although really didn't take very long for dealers to leap on board. It did strike the US Dollar a little and evidently made it easier for stocks as that's the way they generally tend to view things nowadays.
We did notice a small profit taking once we got closer to lunch time and then the closing session, but nothing to actually get too concerned about. American marketplaces volumes tend to be once again a bit low; we're even experiencing Eurozone volumes raise recently, although not so much American.
Momentum push is looking very good with the S&P500 retaking 2900 level and the DJI the 27000 barrier. Markets are expecting the Federal Reserve calms mood following this Consumer Price Index number, but that's most likely the improper call at this stage in the gaming.
The Index is heading toward Key Resistance 2914, and recent All-Time-High 2916.50 as stated on 9/12 chart analysis.
Consumer Price Index numbers a bit disappointing although really didn't take very long for dealers to leap on board. It did strike the US Dollar a little and evidently made it easier for stocks as that's the way they generally tend to view things nowadays.
We did notice a small profit taking once we got closer to lunch time and then the closing session, but nothing to actually get too concerned about. American marketplaces volumes tend to be once again a bit low; we're even experiencing Eurozone volumes raise recently, although not so much American.
Momentum push is looking very good with the S&P500 retaking 2900 level and the DJI the 27000 barrier. Markets are expecting the Federal Reserve calms mood following this Consumer Price Index number, but that's most likely the improper call at this stage in the gaming.
The Index is heading toward Key Resistance 2914, and recent All-Time-High 2916.50 as stated on 9/12 chart analysis.