After rising 2.5% during the month of July, the Ibex 35 starts August in red. The selective has fallen 0.72%, and lost the level of 9,800 points (9,799). Thus, it continues without deciding to attack its first resistance, in the 9,900 points.
- 11.656,600
- 0,39%
DIA repeats as one of the most bearish values in this session after the 6.5% drop on Tuesday. In this session, another 2.14% was dropped, closing at 1.872 euros, a new historical minimum. In addition, throughout the session has marked a new intraday historical minimum, at 1.8240 euros.
CIE Automotive (-2.59%) closes as the worst value of the session, along with DIA, ACS (-2.08%), Colonial (-2.06%) and Merlin Properties (-2.02%). But also the great values of the selective have beaten; mainly Banco Santander (-1.38%) and BBVA (-0.99%), but also Telefónica (-0.39%). The operator announced this Wednesday that it will not charge the first bill to O2 customers in compensation for technical failures.
On the other hand, Amadeus also closes in red (-0.85%) after announcing that it is negotiating to acquire TravelClick, a software manufacturer at the service of the hotel industry.
As for the presentation of results, today it was the turn of Red Eléctrica (-0.69%), which has announced a profit of 357 million euros in the first six months of the year, 5% more compared to the year before. It has also presented ArcelorMittal (+ 2.24%), which closes as the most bullish value of the Ibex after announcing a 31.5% increase in profits in the first half. Together with ArcelorMittal, Viscofan (+ 1.53%) and Meliá (+ 1.07%) were placed at the top of the table.
In the main board, a new crash for Duro Felguera (-12.19%) on the first day of the expansion actions in circulation.
As for Europe, a day also of losses among the major indices of the Old Continent, with the Footsie 100 as the most bearish (-1.3%).
MEETING OF THE FED
The Federal Reserve (Fed) is the main protagonist of this Wednesday. It is true that this meeting of the Fed from July to August (the meeting started yesterday and the conclusions are known today) is not particularly relevant. Neither will there be a subsequent press conference or updates of the projections of the members of the Federal Open Market Committee (FOMC), but there is a desire to see if the statement leaves an even more open the door to a rate hike (the third in the year) that everyone is waiting for the September meeting.
TECHNICAL ANALYSIS
"And on the fifth day the Ibex corrected." This summarizes José María Rodríguez, technical analyst of 'Bolsamanía', the session on Wednesday, after four sessions up: "Although it is not that the balance was spectacular, everything must be said." The expert points out that the index remains without power with the resistance of 9,900 points ("we have a bearish hole filled, but not closed, at 9,980 points"). In his opinion, the falls of this session fit within what can be "a simple 'throw back' to the new support, before attacking the resistance, of the 9,800 points." Drilling the 9,800 would be a sign of weakness that can end up taking us back to 9,640 points, "he warns.
From the top, in terms of resistance, Rodríguez points out that the Ibex has the price range between 9,900 and 10,030 points. "The upper part of the potential triangle that we have been referring to in recent times passes through there, by 10,030 points," he explains. And he concludes that, only if we overcome that resistance "with ease and in closing prices (" and if it is in weekly candles, better ")," we will begin to look at our selective with different eyes ".
