In International Market S&P500 continued its up move and is currently trading at 2360. Yesterday the National Association of Realtors released a report on pending home sales at 112.3 which surged up to its highest level since reaching 113.6 last April and is at its second highest level since May of 2006. Today traders will look at 4th quarter GDP data and weekly jobless claims. German Index Dax yesterday closed above its breakout level of 12150 and closed at 12203, if index maintain its breakout level then next target is 12400.
MSCI Emerging market index is trading ina narrow range of 5 points from 965 to 970 from last 5 trading sessions. currently the index is trading 968. Recent high of the index is at 979.
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In International Market S&P500 continued its up move and is currently trading at 2360. Yesterday the National Association of Realtors released a report on pending home sales at 112.3 which surged up to its highest level since reaching 113.6 last April and is at its second highest level since May of 2006. Today traders will look at 4th quarter GDP data and weekly jobless claims. German Index Dax yesterday closed above its breakout level of 12150 and closed at 12203, if index maintain its breakout level then next target is 12400.
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