Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Markets Are Heading Back To Highs

ByWarren Bevan
Published 07/30/2015, 02:49 AM
Updated 07/09/2023, 06:31 AM

“The golden opportunity you are seeking is in yourself. It is not in your environment; it is not in luck or chance, or the help of others; it is in yourself alone.” Orison Sweet Marden

We’ve got our annual family golf tournament tomorrow so I won’t be in the office all day so there will not be a report tomorrow evening.

The Fed left rates alone as expected in today’s announcement and didn’t give any hints of a possible rate hike to come in September.

Markets took off, then dropped, then moved back up to close the day well as we continue to chop around for the summer.

There are some nice setups around now and some great earnings moves which will need a few days to digest before I participate, in case they reverse as we’ve seen in many such as Google Inc (NASDAQ:GOOGL), but it may be turning around.

Waiting for a setup after a large earnings gap is key and will keep us in the trade instead of shaking us out.

SPY July 30, 2015

SPDR S&P 500 (ARCA:SPY) is on its way back to 213 but 211 is also a bit of resistance so it may not be right away.

The Fed news was muted today and the reaction was weak as the summer slows continue.

Find a few trades here and there but don’t be too committed as markets continue to chop around for now.

That said, we may setup at 213 for a breakout but chances are it won’t be until the fall.

Have a great night.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.