A late-session rally in industrial and basic materials stocks offset losses seen across the energy sector, lifting the markets into positive territory on the day.
The Dow Jones Industrial Average, as quoted by foxbusiness.com gained 21.6 points, or 0.17%, to 12471, the S&P 500 rose 3 points, or 0.23%, to 1296 and the Nasdaq Composite rose 13.9 points, or 0.51%, to 2725.
The JCI today is predicted to move in the range of 3,848-3,954 with several stocks to watch: AALI and BKSL. Technically, candlestick of the JCI forms a pattern of doji in the upper bollinger band with stochastic indicator of deathcross in overbought area.
Technically, the JCI may be mixed within the range of 3,875-3,930. Several stocks to watch for day trading: AALI, UNVR, MYOR, and BSDE.
Minna Padi Investama:
The index may move sideway with the support level of 3,866. Be careful on further correction during the week end. Several stocks to monitor: BJBR, MDLN, and BBNI.
Disclosure: No position at the stock mentioned above.
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