( PRO Views are unique to PRO customers, providing insight on the news of the day direct from a genuine investing pro. See the complete conversation above.) NYSE expert Jay Woods stated that expert traders are looking for completion of the federal government shutdown today, which might enhance stocks and continue Friday’s “good relief rally” from here. Woods, the primary market strategist at Liberty Capital Markets, kept in mind that both the S & & P 500 and Nasdaq 100 passed an essential technical test on Friday. The S & & P fell listed below its 50-day moving average for the very first time given that April however rallied and held that level. The Nasdaq-100 likewise dipped listed below its 50-day before recuperating back above it. Woods is viewing to see if this bounce continues, permitting the marketplace to “return to our winning methods.” (Enjoy complete video above.) Woods likewise discuss the following in the video: Traders waiting to see if CPI and PPI information is launched today to shed insight on the Federal Reserve’s December rates of interest choice. Nuclear power play Oklo, which reports profits Tuesday. The trader remarks that if the stock can break back above the $120 level and has a favorable profits call, the stock might increase to $150 “in days.” Disney, which reports profits Thursday. Woods states that he’s viewing the essential $110 level which a turn-around might be coming for the stock. (This weekly Monday video is solely for CNBC PRO customers.) Disclosure: Woods owns DIS stock.
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