24th, Daily Report

Weekly closing session that is expected to have a rebound in the stock market after a very complicated and volatile week due to the reading of the Fed's act and the worsening of the Chinese PMI. New macroeconomic data, which are being published today, will mark the end of the week. The most important are the German IFO (better than expected) and the durable goods orders in the U.S.

The American stock exchange suffered the negative behaviour of Asian indices and the uncertainty effect of QE, as it fell at the opening but finished strong, far from the lows, so it could bounce off in today's session, but we will have to keep an eye on the durable goods data. The fallings were considered minor, and the worst indices were the SP and NASDAQ, which fell 0.3%, while the DOW lost only 0.1%.

The European market in yesterday's session fell sharply driven by Asia and the uncertainty in the U.S.. Therefore, the closure of the stock market was widespread of unrestrained falls. The worst was the MIB with a fall of 3.1% while the best was the IBEX with a fall of 1.4%. For this final day of the week, there could be a slight European rebound.


In Asia we have returned to have a highly volatile session, which ended with the Nikkei climbs 0.9%. Kuroda said that his role is not to take care of the markets, so it fell by -3% when it was previously rising 3%, so volatility has settled into the Japanese market. This subsequent rise can encourage European and American markets.

For today's session, I remain confident of recovering the upward trend, but depending on the macroeconomic data that will be published. For the medium and long term I continue expecting a bullish behaviour.



INDICES:


S&P 500


Wall Street faces another day of possible corrections to its vertical climbing, as volatility continues to rise after touching highs during Bernanke's appearance. Despite seeing an upward trend, we should be careful it does not lose the support in 1628 points, which is the key level of Fibonacci correction.

Dax 30


As has happened in the markets around the world, the German index yesterday suffered a major correction to its ascension. Note that the minimum of this correction was stopped just in the 23.6 Fibonacci level. Pay attention to this key level, because its losing could send us to the price correction of 38, 2, located at the level of 8125 points. If the price keeps above the average of 50 sessions, the upward trend will continue and the 8548 points could be a possible new maximum.

Ibex 35


Aperture moderately bullish today. After the troubles yesterday, which caused most of the world trading floors closed with losses, the Spanish index faces a day that can bring upward corrections. From the technical point of view, we see how the Spanish index is framed in that indecision that leads from earlier this year. With the average of 50 sessions starting to take a negative slope, I think that the key level is on yesterday's lows in 8227 points.