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DOW JONES: 18-07-2016

DOW JONES: 18-07-2016
July 18
05:31 2016

US markets tested a record high on Friday and major indexes closed a third consecutive week of gains on strong economic data and beginning of earning season.  US retail sale rose more than street expectation.  After the trading hours S&P 500 futures fell after reports of a military coup underway in Turkey.  Turkey ETF which tracks Turkey markets dropped by around 6.9% after the market hours. Dow Jones closed on Friday at 18516 and it has supports at 18300 and 18133.  Dow will face resistances at 18642 and 18762.  Dow Jones RSI (Relative Strength Index) is at 67, which is also very close to its overbought zone.

 

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ALEX MATHEWS

ALEX MATHEWS

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