June 14th, Daily Report

After sharp falls in recent days, yesterday's session began with some bearish tone, but improved during the second half of the day, and the major United States indices finished with an average increase of +1.25%. Good data on retail sales and falling unemployment claims (reduces up to 334,000 people) catalyzed the rebound from support areas. The session in Asia-Pacific region was marked by the bounce in the U.S. The Japanese Nikkei added early this morning 1.94%. The other indices of the region in a very similar line half rose around 1%.

During today's session, in Europe, we remain attentive to the publication of data on the labor market (not too relevant, but it can say something about the community employment and monetary policy expectations) and CPI data last month , is expected to rebound slightly from +1% to +1.2%. In the United States remain vigilant to the publication of data on industrial production last month, with an expected surge of light. We will also know the preliminary consumer confidence data from the University of Michigan is expected to remain stable. If they are positive, the rebound may continue during the session, but market situation in general is unstable and doubtful pending a decision by the Fed next week. No relevant data are expected during the weekend, however, in such a volatile market, holding positions from week to week could be dangerous.



S&P 500

Key moment for the American index. After highs of last session, the price is in the top of the bearish channel again, which has been drawing since it scored a high of 1685 points. Therefore, with all indicators giving bearish signals, be attentive to the behavior in the top of the channel, because if the bears take control again, the index can return to offer an opportunity to take short positions.

Nikkei

Technical rebound this morning that has led to increase in value by more than 2.5% after the huge declines in recent sessions. This stop of falls, which coincides with the 50% Fibonacci, presents a technical aspect. Therefore, despite possible rebounds due to growth measures, I still value high chances of falls in the Japanese index, so we should be attentive to the next support level in the 11500 area, precisely in the Fibonacci 38.2.