Daily Market Review 11 of September

As market participants wait for the possible announcement of a third QE this coming Thursday, equities and commodities are at their year highs. 

On the stocks front, apples have dropped in yesterday’s session over 2%, indicating a possible short term top for the current rally.

Tonight was a relatively negative session for Asia with main indices – With China, Japan  and  Australia dropping by 0.7%

Key market data to watch today.

11:30 U.S - NFIB Business optimism index.
15:15 Canada – Housing starts.
23:50 Japan – Machine orders


S&P 500 – short term resistance at 1432, longer resistance and target price 1450, support at 1420.