empty
07.02.2022 07:47 AM
Stock market trading, January 7

Long positions on Bank of America (#BAC) shares, the US financial conglomerate.

This image is no longer relevant

On the weekly chart, the price rebound upwardly from the support level. The Marlin oscillator also entered the positive zone. Currently, bullish momentum prevails. The price may hit the first target level of 51.34, which is the support level of December 2006 and January 2007. The second target level is located at 52.96, a high of October 2007.

This image is no longer relevant

On the daily chart, the price moved above the Kruzenshtern line, while the Marlin oscillator returned to the green zone. So, the price is likely to keep climbing.

Short positions on FedEx (#FDX) shares, the US delivery and logistics company.

This image is no longer relevant

On the weekly chart, the price has retreated from the resistance level three times. The third rebound was the result of a test of the resistance line from the second touch of the January peak. The Marlin Oscillator is moving horizontally. It may signal a possible drop below the zero line. The target level is 216.21, a low of October 2021.

This image is no longer relevant

On the daily chart, the price is trying to move below the Kruzenshtern line, while the Marlin oscillator dropped from the zero line. Shares are trading with a bearish bias.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Yuriy Zaycev
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trump's new tariffs, BTC rally, and major AI deals: signals traders cannot afford to ignore

Global markets are once again under pressure. President Donald Trump has announced 30% tariffs on imports from the EU and Mexico, triggering a sharp reversal in US stock index futures

Аlena Ivannitskaya 15:31 2025-07-14 UTC+2

Update on US stock market on July 14: Trump returns to tariff war

S&P500 Snapshot of US major stock indices on Friday Dow -0.6%, NASDAQ -0.2%, S&P 500 -0.3% (S&P 500 closed at 6,229, trading in a range of 5,900 to 6,400

Jozef Kovach 14:53 2025-07-14 UTC+2

Update on US stock market on July 14. SP500 and NASDAQ sliding due to Trump's tariffs

As of yesterday, the US benchmark stock indices closed lower. The S&P 500 fell by 0.33%, while the Nasdaq 100 declined by 0.22%. The industrial Dow Jones lost 0.63%. Today

Jakub Novak 10:09 2025-07-14 UTC+2

Update on US stock market on July 11: stock indices extending modest growth

S&P500 Snapshot of major US stock indices Dow Jones: +0.5% NASDAQ: +0.2% S&P 500: +0.3%, S&P 500 closed at 6,283, trading in a range of 5,900 to 6400 The stock

Jozef Kovach 12:57 2025-07-11 UTC+2

US stock market on July 11: S&P 500 and NASDAQ hit record highs before retreating

On Wednesday, the US stock market closed higher, with the S&P 500 gaining 0.27%, the Nasdaq 100 rising 0.09%, and the Dow Jones Industrial Average advancing 0.43%. However, during Asian

Jakub Novak 11:42 2025-07-11 UTC+2

Stock market on July 10: SP500 and NASDAQ extend upward momentum

US stock markets ended the previous trading session with gains, continuing their upward trajectory. The S&P 500 rose by 0.61%, the Nasdaq 100 advanced 0.94%, and the Dow Jones Industrial

Jakub Novak 12:42 2025-07-10 UTC+2

Update on US stock market on July 10: bullish trend going on

S&P500 Snapshot of major US stock indices on Wednesday: Dow +0.5%, NASDAQ +0.9%, S&P 500 +0.6%, S&P 500 6,263 in the range of 5,900 to 6,400. The stock market began

Jozef Kovach 11:41 2025-07-10 UTC+2

Update on US stock market on July 9: consolidation stage. Bank stocks decline

S&P500 Snapshot of major US stock indices on Tuesday: Dow -0.4%, NASDAQ -0.1%, S&P 500 -0.1%, S&P 500 at 6,225, within the range of 5,900 to 6,400 A lack

Jozef Kovach 12:55 2025-07-09 UTC+2

Stock market on July 9: S&P 500 and NASDAQ struggle to gain ground

US stock indices closed mixed on Monday, reflecting growing uncertainty in investor sentiment. The S&P 500 dipped slightly by 0.07%, the Nasdaq 100 made a modest gain of 0.03%, while

Jakub Novak 11:22 2025-07-09 UTC+2

Stock market on July 8: S&P 500 and NASDAQ continue their decline

US stock indices closed lower yesterday, extending recent losses. The S&P 500 dropped by 0.79%, while the Nasdaq 100 fell 0.92%. The industrial Dow Jones index retreated by 0.94%. Asian

Jakub Novak 10:48 2025-07-08 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.