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26 Apr 2016
US stocks end mixed, eyes on Fed decision
Worldwide stocks had a lackluster Tuesday, closing mixed, but not far from their daily openings, as uncertainty ruled ahead of three Central Bank's announcements in less than 12 hours between Wednesday's US afternoon and Thursday's Asian morning.
The Fed the RBNZ and the BoJ will announce its latest economic policy decisions, and market definitions will likely wait until the last in done.
The DJIA added 13 points, or 0.07%, to close at 17,990.32. The Nasdaq lost 0.15% and ended at 4,888.31, while the S&P advanced 4 points, or 0.19%, to 2,091.70.
DJIA technical perspective
“The DJIA daily chart shows that the index closed practically with a doji, having, however, extended its weekly advance up to 18,048 intraday. The technical picture is neutral, as the indicators stand flat, but within positive territory, whilst the benchmark holds well above a slightly bullish 20 SMA, all of which maintains the risk towards the upside,” said Valeria Bednarik, chief analyst at FXStreet. “In the 4 hours chart, the index lacks clear definitions, as it has been all day hovering around a mild bearish 20 SMA, whilst the technical indicators diverge from each other within neutral territory, reflecting the ongoing uncertainty among investors.”
Support levels: 17,919 17,826 17,748. Resistance levels: 18,048 18,094 18,165.
The Fed the RBNZ and the BoJ will announce its latest economic policy decisions, and market definitions will likely wait until the last in done.
The DJIA added 13 points, or 0.07%, to close at 17,990.32. The Nasdaq lost 0.15% and ended at 4,888.31, while the S&P advanced 4 points, or 0.19%, to 2,091.70.
DJIA technical perspective
“The DJIA daily chart shows that the index closed practically with a doji, having, however, extended its weekly advance up to 18,048 intraday. The technical picture is neutral, as the indicators stand flat, but within positive territory, whilst the benchmark holds well above a slightly bullish 20 SMA, all of which maintains the risk towards the upside,” said Valeria Bednarik, chief analyst at FXStreet. “In the 4 hours chart, the index lacks clear definitions, as it has been all day hovering around a mild bearish 20 SMA, whilst the technical indicators diverge from each other within neutral territory, reflecting the ongoing uncertainty among investors.”
Support levels: 17,919 17,826 17,748. Resistance levels: 18,048 18,094 18,165.