Dow, S&P500 and Nasdaq are expected to open low inspite of ECB fine tuning operation. This year, ECB fine tuning operation has caused maximum rally and higher open on Tuesday, so don't be surprised if market rallies in the middle of the day for no reason. Today Gold,VIX and all the indices were up which is very unusual. Also, it cannot be neglected that, this is so computerized market and all the indices kept moving with a very small margin, which cannot be done by human.
For bullish sentiment to continue, Dow needs to break 12,187 and S&P500 1398 and for bearish sentiment to continue, Dow needs to break 12,099 and S&P500 needs to break 1392.
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| Dow closed in bearish zone |
On monthly chart basis, Dow is 217 away from major sell off. 12,900 becomes key break point on the downside
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| Dow is still 217 point away from sell off. |
S&P500 is safe till 1359 is not broken.
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| S&P500 is safe till 1359 is not broken. Red circle is bearish sign, blue circle is bullish sign. If green line (200 ma) is broken it leads to big sell off. |
Economic Calendar:
| TIME (ET) | REPORT | PERIOD | ACTUAL | FORECAST | PREVIOUS |
|---|
| 10 am | Job openings | June | | -- | 3.6 mln |
| 3 pm | Consumer credit | June | | -- | $17.1 bln |
Global Economic Calendar:
| TIME (ET) | REPORT | PERIOD | ACTUAL | PREVIOUS |
|---|
| 12:30 a.m. | Reserve Bank of Australia decision | | | 3.5% |
| 4 a.m. | Italy industrial production, year-on-year | Jun | | -6.9% |
| 4:30 a.m. | U.K. manufacturing production | Jun | | 1.2% |
After Hours Gainer and Loser:
| Percentage Gainers |
| Issue | Symbol | Volume | Last | Chg | % Chg | High | Low |
| BroadSoft | BSFT | 586,171 | $34.00 | 6.10 | | 21.86 | $34.00 | $26.49 |
| Grand Canyon Education | LOPE | 36,920 | 18.60 | 2.45 | | 15.17 | 18.85 | 15.95 |
| Gevo | GEVO | 9,700 | 3.99 | 0.31 | | 8.37 | 3.99 | 3.99 |
| Cepheid | CPHD | 5,331 | 36.61 | 2.45 | | 7.17 | 36.61 | 34.16 |
| Vringo | VRNG | 209,101 | 3.78 | 0.20 | | 5.59 | 3.84 | 3.58 |
| Percentage Decliners |
| Issue | Symbol | Volume | Last | Chg | % Chg | High | Low |
| Elan ADS | ELN | 829,095 | $9.89 | -1.36 | -12.09 | | $11.29 | $9.07 |
| Career Education | CECO | 14,850 | 3.08 | -0.38 | -10.98 | | 3.08 | 3.08 |
| Leap Wireless International | LEAP | 160,017 | 4.92 | -0.60 | -10.87 | | 5.59 | 4.51 |
| Amedisys | AMED | 5,300 | 11.24 | -1.04 | -8.47 | | 12.36 | 11.24 |
| Heckmann | HEK | 229,196 | 3.10 | -0.28 | -8.28 | | 3.75 | 3.05 |
| JDA Software Group | JDAS | 6,400 | 28.20 | -2.29 | -7.51 | | 30.56 | 27.48 |
