The three major US markets simultaneously weakened at the close of trading (14/01/2021). President-elect Joe Biden announced plans for additional stimulus packages totaling USD 1.9 trillion; which is quite in line with market expectations. However, negative sentiment was obtained from the release of the number of jobless claims which rose to 965,000.
Meanwhile, JCI is still continuing its consolidation phase after gaining more than 7% since the beginning of the year. From the economic calendar, investors will look at the release of balance of trade data which is projected to still be a surplus of USD 2.3 billion. For today, JCI is expected to move in the range 6,350 – 6,560.
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