US stock markets closed the worst month since 2011. What should we be careful about?

01.11.2018 / 00:38

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Despite the two-day rise in US stocks, major stock indices closed the worst month in 2011. here. The SP500 ended the session with a 7% drop in the month, while the Nasdaq technology closed at -9.74%. The cause of the unusual and deeper Short Trader was the sale of the technology giants earlier this month and the strong allocation after the end of Q3.

After a two-day rising impulse, the bulls hope that the market has established its bottom and is beginning to position Long on the stock market. Corporate results may be key to maintaining a trend: traders' attention will be directed to Apple Inc.'s earnings. after the closure on Thursday.

If we observe positive financial results for Apple, one of the top US companies, considered one of the benchmarks, the indexes will most likely set their bottom "here", and it is good to look for long positioning, both for indices and for individual technology companies.

Source: Bloomberg Finance L.P.

Charts: Used with permission of Bloomberg Finance L.P.

Trader Petar Milanov

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US stock markets closed the worst month since 2011. What should we be careful about?

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