Gone are the days when Forex brokers offered justcurrency pairs. Today’s top brokers are offering a range of tradable assets, including stock trading. .
But as is the case with other types of trading, understanding market movements and trends is not just recommended, it’s critical in order to trade successfully. Stock market analysis is a critical tool for anyone who is thinking about breaking into this trading arena, as well as for those who are already dabbling in stock trading, and DailyForex is proud to provide you with regularly updated analysis of the hottest stocks on the market.
Stock trading comes in various forms, with the ability to short the market if you expect a downtrend, or to long the market if you expect an upswing. Stock market analysis can help you determine which way the market will fluctuate, eliminating the guesswork and pitfalls that commonly lead to losses. With stock trading, like with Forex, you can also set take profits and stop losses to minimize risks – but oftentimes traders need guidance from a professional in order to know how to make these decisions. Why trade stocks blindly or based on a hunch, when you can trade smartly?
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The NASDAQ 100 has initially tried to rally during the trading session on Tuesday, but at this point it looks like we just don't have the momentum to continue going higher.
Taking a look at the DAX, you can see that the German index initially tried to rally during the trading session on Tuesday.
You can see the Nasdaq 100 initially rallied just a bit during the trading session on Monday.
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Ignoring gravity, the S&P500 showed a lot of upward pressure on Monday.
Looking at the Nasdaq 100, you can see that the market is on the precipice of trying to break out for a big move.
The S&P 500 experienced a slight retreat early in Tuesday's trading session, as traders returned from the Martin Luther King Jr. holiday in the United States.
The S&P 500 had a rather subdued electronic trading session overnight due to the observance of Martin Luther King Jr. Day in the United States, which kept the underlying index closed for regular trading.
The Dow Jones Industrial Average pulled back rather significantly later in the day after initially rallying due to a weaker than anticipated PPI number.
The S&P 500 displayed a back-and-forth pattern, with the 4800 level proving to be a significant resistance point.
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The S&P 500 exhibited notable volatility during Thursday's trading session, prompted by the release of the Consumer Price Index (CPI) data, which registered slightly higher than Wall Street's preference.
The S&P 500 index is currently treading cautiously, showing reluctance to make significant moves early on Wednesday.
The S&P 500 had been somewhat hesitant to make a move during the early hours on Monday, as we are hanging around the 4700 level.
The S&P 500 encountered initial downward movement during Friday's trading session.
The Nasdaq 100 dropped a bit early on Thursday as we continue to see a bit of profit taking overall.
The S&P 500 exhibited limited activity during Thursday's trading session, maintaining a position near the 4,700 level.