Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Indexes  >  World  >  S&P 500    S500

S&P 500 (S500)

Real-time Quote. Real-time  - 02/12 04:10:00 pm
1864   +1.91%
08:17aDJMARKET SNAPSHOT : China Stocks In Focus After Ringing In 'Year Of Th..
05:45aDJChinese Factories Head to Higher-Tech Markets to Survive
02/12DJConsumer-Focused Companies' Bonds Buck Drop by Their Stocks
Analysis summary4-Traders Strategies 

S&P 500 : At the equilibrium price before Obama's speech

02/12/2013 | 08:59am
Opinion : Check out the trading range breakout  1507/  1521

Without any catalyst at macroeconomic level today, the S&P 500 should open near the equilibrium, despite the good orientation of the European markets.
The U.S index had finished yesterday in a slight decrease by 0.06% at 1517 points, operators have opted for a technical break after six weeks of rise, taking the opportunity of a beginning of the week with few publications.

Caution is also reinforced by the speech of President Barack Obama this evening about the State of Union and the intervention of the FED members this week. Concerning statistics, only the Federal budget balance will be published at 8 pm.

Graphically, there is no change, the dynamic remains positive in hourly data above the 1507 points, 100-hour moving average and lower limit of an upward channel in blue on the chart. Only the breakdown of this level would argue in favour of a beginning of a consolidation towards the 1495 points then the 1486 points.
New daily highs would suppose, on the contrary, a quick comeback on the 1521 points then the 1530 points by extension.

S&P 500 : S&P 500 : At the equilibrium price before Obama's speech

Laurent Polsinelli
© Zonebourse.com 2013

Disclaimer: 4-traders.com is a website published by SURPERFORMANCE SAS. Surperformance or 4-traders.com is not a registered broker-dealer nor a registered investment adviser. You understand that this web site and its content is furnished for your personal, noncommercial, informational purposes only, and that no mention of a particular security in this website constitutes a recommendation to buy, sell, or hold any other security, nor that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Surperformance and 4-traders.com services will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. Information regarding trading and investment as provided by Surperformance professional is not tailored to the investment needs of any specific person. You acknowledge that you are responsible for your own financial decisions and should seek a registered financial agent depending on your own risk tolerance to advise you on your personal trading activities.