Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Positive Bias in Place

By Paul Cherney There is a positive bias in place for the equity markets. Which means I expect to see net gains for the beginning of July, but I do not think there can be an uninterrupted trend higher.

Next week, the July 4th holiday falls on a Wednesday, and the week has the potential to see total trading volume ebb. Friday, June 29, the last day of the quarter, might be the biggest volume the markets see until the first full week of trading following the July 4th holiday.

The Nasdaq finished Thursday's session in a test of immediate resistance which is 2120-2187. The next resistance is 2210-2330. There is a huge layer of support in the 2084-2017 area.

The S&P 500 is testing immediate resistance in the 1219-1228 area. The next resistance is 1250-1316.

The "500" has well-established support in the 1212-1184 area. Cherney is Market Analyst for Standard & Poor's

blog comments powered by Disqus