Today Wednesday and CET 14.30 GDP figures for 2nd Q is expected to come in at 1.7 percent. Preliminary number was 1.5
On Friday the so called Jackson hole speech from Bernanke is expected to give a clue about Fed action or not soon to stimulate the economy.
These two news can both change the markets up or down.
DOW's 8 day MA has been down since last Monday close and a cross with the rising 21 MA could occur already tomorrow unless a strong rally starts after the news. SP500 is now locked between the two MA's and can go both ways easily depending on the news. NAS is moving sideways.
SWED is already in a daily downtrend since Monday and FTSE is very close to a cross between the MA's. DAX is in the same situation as SP500.
I expect the markets to react today or latest after Bernanke's speech next Friday to give information how serious or not the world markets trends are just now.
On Friday the so called Jackson hole speech from Bernanke is expected to give a clue about Fed action or not soon to stimulate the economy.
These two news can both change the markets up or down.
DOW's 8 day MA has been down since last Monday close and a cross with the rising 21 MA could occur already tomorrow unless a strong rally starts after the news. SP500 is now locked between the two MA's and can go both ways easily depending on the news. NAS is moving sideways.
SWED is already in a daily downtrend since Monday and FTSE is very close to a cross between the MA's. DAX is in the same situation as SP500.
I expect the markets to react today or latest after Bernanke's speech next Friday to give information how serious or not the world markets trends are just now.
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