Since 18 April 2024, the industrial sector index has formed strong and firm support above 1,018.00pts. Despite being tested at least nine times over the past five months, this key support continues to provide a solid base as the index persistently re-challenges the upper resistance in the sub-1,100pts region. Last Thursday’s gap up, backed by a stronger RSI signal, suggests that a new upcycle is about to unfold, although last night’s setback might place the index in consolidation mode, at least in the near term. We believe the downside is limited, with our support levels set at 1,066.00pts and 1,018.00pts, while the upper resistance is at 1,107.50pts and 1,144.00pts. In summary, we expect a minor setback for the industrial index, with a resumption of the uptrend once the selling pressure fully normalizes.
Dato Dr. Nazri Khan (DDNK)’s Post
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New York Manufacturing Index Indicates Return To Contraction In October
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Dow Jones US30 Technical Analysis: The American index is trading in an upward direction
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Investment Management Consultant - Senior Vice President - Investments at Ollmann Wealth Management Of Raymond James
The ISM Manufacturing index is expected to remain in contraction territory for the 16th consecutive month, but also anticipated to rise to its highest level since October 2022. See more insights from CIO Larry Adam in the latest Up & Adam.
Up & Adam: Daily market insights: March 1, 2024
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Senior Investment / Portfolio Analyst at Palm Beach Wealth Advisors of Raymond James
The ISM Manufacturing index is expected to remain in contraction territory for the 16th consecutive month, but also anticipated to rise to its highest level since October 2022. See more insights from CIO Larry Adam in the latest Up & Adam.
Up & Adam: Daily market insights: March 1, 2024
grapevinesix.s3.amazonaws.com
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The ISM Manufacturing index is expected to remain in contraction territory for the 16th consecutive month, but also anticipated to rise to its highest level since October 2022. See more insights from CIO Larry Adam in the latest Up & Adam.
Up & Adam: Daily market insights: March 1, 2024
grapevinesix.s3.amazonaws.com
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The ISM Manufacturing index is expected to remain in contraction territory for the 16th consecutive month, but also anticipated to rise to its highest level since October 2022. See more insights from CIO Larry Adam in the latest Up & Adam.
Up & Adam: Daily market insights: March 1, 2024
grapevinesix.s3.amazonaws.com
-
The ISM Manufacturing index is expected to remain in contraction territory for the 16th consecutive month, but also anticipated to rise to its highest level since October 2022. See more insights from CIO Larry Adam in the latest Up & Adam.
Up & Adam: Daily market insights: March 1, 2024
grapevinesix.s3.amazonaws.com
-
The ISM Manufacturing index is expected to remain in contraction territory for the 16th consecutive month, but also anticipated to rise to its highest level since October 2022. See more insights from CIO Larry Adam in the latest Up & Adam.
Up & Adam: Daily market insights: March 1, 2024
grapevinesix.s3.amazonaws.com
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Managing Director, SVP - Investments, at Raymond James & Associates, Inc. Member New York Stock Exchange/SIPC
The ISM Manufacturing index is expected to remain in contraction territory for the 16th consecutive month, but also anticipated to rise to its highest level since October 2022. See more insights from CIO Larry Adam in the latest Up & Adam.
Up & Adam: Daily market insights: March 1, 2024
grapevinesix.s3.amazonaws.com
