US Open. Market Overview for 08.09.2016

Pre Market:

The S&P 500 is trading down at -0.015%. The Dax loses 1.38% after the ECB meeting. The ECN has decided not to expand its monetary stimulus measures, leaving investors disappointed. Drag did show willingness to expand policy, yet only if necessary. Linda and Siemens were the loss leaders in the DAX today, only Lufthansa gaining. The USD lost 0-67% against the Euro and is unchanged to the Yen. Gold trades softer and WTI Oil gains 1.5%.

The S& P500

The S&P500 is in an upwards trend. Short term we are in a sideways move. Resistance is at 2197 and support is to be found at 2150.

Nasdaq 100

The Nasdaq 100 is in an upward trend. Short term we see a sideways move. Resistance is at 4837 and support is to be found at 4767.