Read this before you start trading today!

  • S&P 500, Dow Jones and Russell 2000 finished yesterday’s trading at all-time highs gaining 1.04%, 0.58% and 2.31% respectively. Nasdaq rallied 2.52%

  • Stocks in Asia traded higher as well. Nikkei gained 1.7%, S&P/ASX 200 added 0.8% and Kospi jumped 1.4%. Indices from China traded higher

  • DAX futures point to a slightly lower opening of the European session

  • US President Biden signed a $1.9 trillion economic relief bill. Treasury Secretary Yellen said that some Americans may receive $1,400 stimulus check as soon as this weekend

  • Some rumours surfaced saying that Bank of Japan may drop 6 trillion yen ETF buying target during March policy review

  • Denmark and Thailand are the latest countries to stop using AstraZeneca vaccines due to blood clot side effects

  • Biden said he wants all adult Americans to be eligible for vaccine shot at the beginning of May

  • Coronavirus vaccine from Novovax showed 96% efficacy in the third phase of UK trial

  • Bitcoin is trading near $57,000, around a $1,000 below its all-time high

  • Precious metals are trading lower amid USD strength with silver being the worst performer. Declines can also be spotted on the oil market

  • USD is the best performing major currency today. CHF, NZD and AUD lag the most

S&P 500 made a highest cash close yesterday while S&P 500 futures retested record intraday high. Near-term resistance is the zone ranging below 3,960 (all-time high area) while the next resistance in-line can be found at 127.2% exterior retracement (4,022 pts).