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Forex News BEST INDEX TECHNICAL ANALYSIS BY CAPITAL STREET FX

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Daily Index Analysis – DOW soars, S&P 500 breaks records, FTSE defies storm.​

Introduction:

After Wall Street’s record-setting rally, Asian markets displayed varied performances on Monday. The Shanghai Composite declined by 2.68%, while Japan’s Nikkei 225 rose by 1.62%. In Europe, shares mirrored the positive trend, with DAX futures up 0.48%, CAC 40 futures rising 0.49%, and UK 100 futures gaining 0.15%. The S&P 500 in the U.S. reached a two-year closing high on Friday, propelled by optimism in artificial intelligence and a surge in chipmakers and major tech stocks. Attention now shifts to the European Central Bank (ECB).

Market In Focus For Today – DOW JONES

Bullish signals are evident in the Dow Jones Industrial Average (DOW) as it experiences a current surge, surpassing the $37,791.43 level. This breakout suggests a departure from a triple-top pattern.

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 37991.98 | Positive Crossover | Bullish
  • MA 20: 37702.84 | Positive Crossover | Bullish
  • MA 50: 37771.71 | Positive Crossover | Bullish

Simple:

  • MA 5: 38023.05 | Positive Crossover | Bullish
  • MA 20: 37702.22| Positive Crossover | Bullish
  • MA 50: 37771.34 | Positive Crossover | Bullish
RSI (Relative Strength Index): 64.98| Buy Zone| Bullish

Stochastic Oscillator: 100| Buy Zone | Positive

Resistance And Support Levels:

  • R1: 38154.50 | R2: 38784.03
  • S1: 37362.51| S2: 36672.06

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 37585.89 | Take Profit: 38296.65| Stop Loss: 37139.13.

S&P 500:

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Daily Index Analysis – Wall Street soars, Dow hits 38K, S&P rises, FTSE falls.​


Introduction:

Asian markets respond to Wall Street’s record performance, with gains in Shanghai, Hang Seng, Kospi, and S&P/ASX 200. Meanwhile, European stocks see a modest rise ahead of the ECB meeting. In the U.S., the S&P 500 reaches another all-time high as technology stocks lead the way, while investors eagerly await upcoming corporate reports for insights into this year’s earnings outlook.

Market In Focus For Today – DOW JONES

Tuesday morning saw minimal movement in U.S. stock futures following the historic milestone of the Dow Jones surpassing 38,000 for the first time. Dow futures dipped by 17 points, or 0.04% decrease.

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 38127.08 | Positive Crossover | Bullish
  • MA 20: 37767.23 | Positive Crossover | Bullish
  • MA 50: 37784.71 | Positive Crossover | Bullish

Simple:

  • MA 5: 38156.05 | Positive Crossover | Bullish
  • MA 20: 37767.22| Positive Crossover | Bullish
  • MA 50: 37784.34 | Positive Crossover | Bullish
RSI (Relative Strength Index): 66.98| Buy Zone| Bullish

Stochastic Oscillator: 98.95| Buy Zone | Positive

Resistance And Support Levels:

  • R1: 38289.20 | R2: 38670.30
  • S1: 37990.50| S2: 37485.80

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 37805.10 | Take Profit: 38217.10| Stop Loss: 37557.90.

S&P 500:

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Daily Index Analysis – Nasdaq, S&P 500 bullish, DAX cautious, Euro STOXX defies.​


Introduction:

Global markets witness diverse movements: Asian stocks rise on hopes of a Chinese rescue package, with the Shanghai Composite up 1.80%. European markets show improvement driven by positive Eurozone PMI data. In the U.S., indices display mixed performance as investors await major earnings reports, contributing to the S&P 500 reaching a new record high on Tuesday.

Market In Focus For Today – Nasdaq 100

Nasdaq-100 futures experience an increase following a surge in Netflix subscribers.

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 17569.54 | Positive Crossover | Bullish
  • MA 20: 17248.83 | Positive Crossover | Bullish
  • MA 50: 16941.36 | Positive Crossover | Bullish

Simple:

  • MA 5: 17553.05 | Positive Crossover | Bullish
  • MA 20: 17248.02| Positive Crossover | Bullish
  • MA 50: 16941.31 | Positive Crossover | Bullish
RSI (Relative Strength Index): 77.07| Buy Zone| Bullish

Stochastic Oscillator: 92.05| Buy Zone | Positive

Resistance And Support Levels:

  • R1: 17664.95 | R2: 18114.72
  • S1: 17154.40| S2: 16643.84

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 17190.86 | Take Profit: 17664.95| Stop Loss: 16886.96.

S&P 500:

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Daily Index Analysis – Netflix, S&P 500 Records, DAX Surge.​


Introduction:

In the Asian indices market, most shares see gains, particularly in China following recent policy moves. However, European shares decline at the open, awaiting updates from the ECB on rates. Meanwhile, U.S. equities advance, propelled by positive earnings and economic data, leading to a rise in yields. Global markets reflect optimism, with MSCI’s global equity index hitting a near two-year high, fuelled by encouraging developments in Europe, the U.S., and expectations of Chinese stimulus support.

Market In Focus For Today – DOW JONES

The Dow Jones Industrial Average briefly rallied 150 points Wednesday, as Wall Street reacted to Netflix’s (NFLX) earnings report.

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 38089.54 | Negative Crossover | Bearish
  • MA 20: 37908.35 | Positive Crossover | Bullish
  • MA 50: 37809.36 | Positive Crossover | Bullish

Simple:

  • MA 5: 38103.05 | Negative Crossover | Bearish
  • MA 20: 37908.37| Positive Crossover | Bullish
  • MA 50: 37809.31 | Positive Crossover | Bullish
RSI (Relative Strength Index): 57.43| Buy Zone| Bullish

Stochastic Oscillator: 13.31| Sell Zone | Negative

Resistance And Support Levels:

  • R1: 38299.50 | R2: 38795.01
  • S1: 37969.16| S2: 37308.48

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 37728.91 | Take Profit: 38299.50| Stop Loss: 37308.48.

S&P 500:

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Daily Index Analysis – Nasdaq turbulence, S&P records, FTSE luxury, Euro Stoxx ECB boost.​


Introduction:

In the global indices market, Asian shares predominantly declined despite encouraging U.S. economic growth indicators. European equities displayed mixed performance, influenced by weakening German consumer sentiment. Conversely, Wall Street observed gains fuelled by robust GDP data, highlighting an economy surpassing expectations.

Market In Focus For Today – Nasdaq 100

Nasdaq 100 futures experienced a decline on Friday morning following Intel’s issuance of an outlook that failed to meet Wall Street’s expectations.

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 17560.54 | Negative Crossover | Bearish
  • MA 20: 17462.35 | Positive Crossover | Bullish
  • MA 50: 17066.36 | Positive Crossover | Bullish

Simple:

  • MA 5: 17587.05 | Negative Crossover | Bearish
  • MA 20: 17462.37| Positive Crossover | Bullish
  • MA 50: 17066.31 | Positive Crossover | Bullish
RSI (Relative Strength Index): 60.58| Buy Zone| Bullish

Stochastic Oscillator: 2.14| Sell Zone | Negative

Resistance And Support Levels:

  • R1: 17791.70 | R2: 18176.39
  • S1: 17443.08| S2: 17058.39

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 17226.69 | Take Profit: 17719.57| Stop Loss: 16902.11.

S&P 500:

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Weekly Index Analysis – Nasdaq’s ride, S&P records, trade insights.​


Introduction:

Asian stocks are poised for a weekly gain, with attention focused on the upcoming US inflation test. The Shanghai composite has risen by 0.14%. Across the region, the Singapore MSCI is up 0.76% at 279.55. European equities have reached a two-year peak, driven by positive economic indicators and strong earnings reports. On Wall Street, there is an uptrend fueled by robust GDP data. The strong start to the year for the US stock market faces a significant challenge next week, with a busy schedule featuring major tech earnings, the Federal Reserve’s monetary policy meeting, and the eagerly awaited employment report.

Market In Focus For The Next Week – Nasdaq 100

Nasdaq 100 futures experienced a decline on Friday morning following Intel’s issuance of an outlook that failed to meet Wall Street’s expectations.

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 17560.54 | Negative Crossover | Bearish
  • MA 20: 17462.35 | Positive Crossover | Bullish
  • MA 50: 17066.36 | Positive Crossover | Bullish

Simple:

  • MA 5: 17587.05 | Negative Crossover | Bearish
  • MA 20: 17462.37| Positive Crossover | Bullish
  • MA 50: 17066.31 | Positive Crossover | Bullish
RSI (Relative Strength Index): 60.58| Buy Zone| Bullish

Stochastic Oscillator: 2.14| Sell Zone |Negative

Resistance And Support Levels:

  • R1: 17791.70 | R2: 18176.39
  • S1: 17443.08| S2: 17058.39

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 17226.69 | Take Profit: 17719.57| Stop Loss: 16902.11.

S&P 500:

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Daily Index Analysis – Tech, tensions, and banks unsettle global markets.​


Introduction:

In the global indices landscape, Asian stocks climb with China’s stimulus efforts easing Evergrande concerns. Meanwhile, European markets display a mixed performance amid caution in anticipation of a week filled with significant events. In the U.S., stock futures dip ahead of major tech earnings and the Federal Reserve’s crucial meeting decision, adding uncertainty to Monday’s market outlook.

Market In Focus For Today – Dow Jones

Dow Jones futures decline as Microsoft takes the lead in a substantial wave of tech earnings.

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 38210.94 | Positive Crossover | Bullish
  • MA 20: 38142.35 | Positive Crossover | Bullish
  • MA 50: 37877.36 | Positive Crossover | Bullish

Simple:

  • MA 5: 38229.06 | Negative Crossover | Bearish
  • MA 20: 38142.17| Positive Crossover | Bullish
  • MA 50: 37877.07 | Positive Crossover | Bullish
RSI (Relative Strength Index): 60.86| Buy Zone| Bullish

Stochastic Oscillator: 49.87| Buy Zone | Negative

Resistance And Support Levels:

  • R1: 38383.17 | R2: 38681.85
  • S1: 37967.14| S2: 37572.46

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 38041.82 | Take Profit: 38383.17| Stop Loss: 37828.47.

S&P 500:

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Daily Index Analysis – Nasdaq tech clash, FTSE energy surge.​


Introduction:

In the indices market, Asian equities exhibit a mixed performance, with Chinese shares declining ahead of the Federal Reserve rate decision. Meanwhile, European markets show upward movement, but eurozone GDP data signals Germany’s proximity to recession. Stock futures decline as investors brace for major tech company earnings, emphasizing caution ahead of the Federal Reserve policy meeting.

Market In Focus For Today – Nasdaq 100

The primary U.S. stock indices trade with a mixed but mostly lower sentiment in Tuesday’s pre-market session, as investors redirect their attention towards recent corporate earnings and the upcoming Federal Reserve policy meeting.

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 17656.57 | Positive Crossover | Bullish
  • MA 20: 17580.38 | Positive Crossover | Bullish
  • MA 50: 17223.07 | Positive Crossover | Bullish

Simple:

  • MA 5: 17639.06 | Positive Crossover | Bullish
  • MA 20: 17580.17| Positive Crossover | Bullish
  • MA 50: 17223.07 | Positive Crossover | Bullish
RSI (Relative Strength Index): 65.86| Buy Zone| Bullish

Stochastic Oscillator: 45.87| Buy Zone | Positive

Resistance And Support Levels:

  • R1: 17791.70 | R2: 18131.71
  • S1: 17401.31| S2: 16998.33

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 17262.79 | Take Profit: 17791.70| Stop Loss: 16947.96.

S&P 500:

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Daily Index Analysis – Dow soars, S&P teeters, FTSE optimistic, DAX fears.​


Introduction:

In the global indices market, Asian markets show a varied performance with disappointing Chinese economic data, while European markets display a mixed trend ahead of the Federal Reserve decision. The US stocks, particularly the Nasdaq, face a subdued atmosphere as investors await corporate earnings and the outcome of the Fed’s monetary policy meeting.

Market In Focus For Today – Dow Jones

Dow Jones advances, propelled by the robust showing of financial stocks.

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 38542.06 | Positive Crossover | Bullish
  • MA 20: 38263.37 | Positive Crossover | Bullish
  • MA 50: 37971.07 | Positive Crossover | Bullish

Simple:

  • MA 5: 38537.01 | Positive Crossover | Bullish
  • MA 20: 38263.17| Positive Crossover | Bullish
  • MA 50: 37972.07 | Positive Crossover | Bullish
RSI (Relative Strength Index): 73.34| Buy Zone| Bullish

Stochastic Oscillator: 100.00| Buy Zone | Neutral

Resistance And Support Levels:

  • R1: 38055.00 | R2: 38682.50
  • S1: 37578.97| S2: 37124.57

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 37990.09 | Take Profit: 38682.50| Stop Loss: 37557.33.

S&P 500:

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Daily Index Analysis – Nasdaq revival, S&P drop, FTSE boost, DAX impacted.​


Introduction:

Amidst the global indices landscape, Asian stocks grapple with uncertainty as the Federal Reserve minimizes the possibility of early rate cuts. Shanghai Composite and Singapore MSCI record declines, while Hong Kong’s Hang Seng Index sees an uptick. European stocks dropped ahead of the Fed decision, with Germany’s DAX and France’s CAC 40 facing losses. Wall Street concludes January on a downturn after the Fed maintains interest rates, dispelling hopes for a March rate cut, prompting a decline in U.S. stocks.

Market In Focus For Today – Nasdaq 100

The NASDAQ 100 experienced a slight decline in Wednesday’s trading session but reversed course, displaying signs of revival.

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 17367.19 | Negative Crossover | Bearish
  • MA 20: 17534.54 | Negative Crossover | Bearish
  • MA 50: 17289.55 | Positive Crossover | Bullish

Simple:

  • MA 5: 17351.12 | Negative Crossover | Bearish
  • MA 20: 17534.54| Negative Crossover | Bearish
  • MA 50: 17289.55 | Positive Crossover | Bullish
RSI (Relative Strength Index): 45.04| Buy Zone| Bullish

Stochastic Oscillator: 8.88| Sell Zone | Positive

Resistance And Support Levels:

  • R1: 17506.01 | R2: 17798.84
  • S1: 17163.18| S2: 16784.64

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 17191.75 | Take Profit: 17506.01| Stop Loss: 16998.91.

S&P 500:

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Daily Index Analysis – Dow, S&P resilient, Euro mirrors triumph.​


Introduction:

In the world of indices, Asian shares predominantly climb as Wall Street bounces back, fuelled by the technology sector’s resilience. European stocks experience a surge amid ongoing impressive corporate earnings. Meanwhile, U.S. stocks rebound following the Federal Reserve’s letdown and strong earnings from major tech firms, reversing the prior session’s sell-off.

Market In Focus For Today – Dow Jones

The Dow Jones rises on surprise jobless claims.

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 38557.13 | Positive Crossover | Bullish
  • MA 20: 38369.54 | Positive Crossover | Bullish
  • MA 50: 38045.55 | Positive Crossover | Bullish

Simple:

  • MA 5: 38498.00 | Positive Crossover | Bullish
  • MA 20: 38368.23| Positive Crossover | Bullish
  • MA 50: 38045.55 | Positive Crossover | Bullish
RSI (Relative Strength Index): 64.54| Buy Zone| Bullish

Stochastic Oscillator: 55.66| Buy Zone | Positive

Resistance And Support Levels:

  • R1: 38717.50 | R2: 39266.49
  • S1: 38052.05| S2: 37369.97

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 38235.05 | Take Profit: 38717.50| Stop Loss: 37885.69.

S&P 500:

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Weekly Index Analysis – Dow Soars, S&P Records, FTSE Struggles.​


Introduction:

Asian stocks are poised for a weekly gain, with attention focused on the upcoming US inflation test. The Shanghai composite has risen by 0.14%. Across the region, the Singapore MSCI is up 0.76% at 279.55. European equities have reached a two-year peak, driven by positive economic indicators and strong earnings reports. On Wall Street, there is an uptrend fueled by robust GDP data. The strong start to the year for the US stock market faces a significant challenge next week, with a busy schedule featuring major tech earnings, the Federal Reserve’s monetary policy meeting, and the eagerly awaited employment report.

Market In Focus For The Next Week – Dow Jones

The Dow Jones advanced amid a broad rally in the equity markets.

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 38642.70 | Positive Crossover | Bullish
  • MA 20: 38425.32 | Positive Crossover | Bullish
  • MA 50: 38077.36 | Positive Crossover | Bullish

Simple:

  • MA 5: 38647.07 | Positive Crossover | Bullish
  • MA 20: 38425.37| Positive Crossover | Bullish
  • MA 50: 38077.31 | Positive Crossover | Bullish
RSI (Relative Strength Index): 65.09| Buy Zone| Bullish

Stochastic Oscillator: 46.24| Buy Zone |Positive

Resistance And Support Levels:

  • R1: 38889.50 | R2: 39572.98
  • S1: 38073.74| S2: 37280.02

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 38139.88 | Take Profit: 38889.50| Stop Loss: 37698.93.

S&P 500:

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Daily Index Analysis – Dow steady, S&P breaks, FTSE rises.​


Introduction:

In the Asian indices market, stocks face a general decline, notably in China, despite market support efforts. Meanwhile, European shares edge higher driven by positive earnings. The DAX in Germany, CAC 40 in France, and UK 100 show modest gains. U.S. stock futures remain steady, with minimal changes, ahead of a busy week of corporate earnings, influenced by Federal Reserve Chair Jerome Powell’s cautious remarks on interest rate cuts.

Market In Focus For Today – Dow Jones

The Dow Jones futures are steady, and McDonald’s earnings are ahead.

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 38654.13 | Positive Crossover | Bullish
  • MA 20: 38475.00 | Positive Crossover | Bullish
  • MA 50: 38113.96 | Positive Crossover | Bullish

Simple:

  • MA 5: 38660.00 | Positive Crossover | Bullish
  • MA 20: 38476.12| Positive Crossover | Bullish
  • MA 50: 38114.05 | Positive Crossover | Bullish
RSI (Relative Strength Index): 61.23| Buy Zone| Bullish

Stochastic Oscillator: 47.66| Buy Zone | Neutral

Resistance And Support Levels:

  • R1: 38900.79 | R2: 39472.96
  • S1: 38233.23| S2: 37364.99

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 38283.46 | Take Profit: 38900.79| Stop Loss: 37937.15.

S&P 500:

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Daily Index Analysis – China’s surge, Powell’s hints propel markets, Nasdaq rises.​


Introduction:

In the indices market, Asian performances are mixed, with China rising after a state fund announced its intent to purchase stocks. The Shanghai composite is up by 3.23%, while European stocks declined due to dashed rate cut expectations leading to higher yields. U.S. stocks also face a downturn as Treasury yields rise following Powell’s suggestion that a March rate cut is improbable.

Market In Focus For Today – Nasdaq 100

Currently, the NASDAQ 100 lingers near the upper limit of a consolidation range. Sustaining and cultivating upward momentum requires a revival of enthusiasm among traders, a recurring pattern evident in historical market behavior.

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 17693.47 | Positive Crossover | Bullish
  • MA 20: 17573.28 | Positive Crossover | Bullish
  • MA 50: 17430.18 | Positive Crossover | Bullish

Simple:

  • MA 5: 17704.24 | Positive Crossover | Bullish
  • MA 20: 17573.20| Positive Crossover | Bullish
  • MA 50: 17430.15 | Positive Crossover | Bullish
RSI (Relative Strength Index): 58.59| Buy Zone| Bullish

Stochastic Oscillator: 95.52| Buy Zone | Neutral

Resistance And Support Levels:

  • R1: 17761.54 | R2: 17962.58
  • S1: 17495.17| S2: 17263.98

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 17510.25 | Take Profit: 17761.54| Stop Loss: 17369.53.

S&P 500:

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Daily Index Analysis – Dow stumbles, S&P steady, Global indices react.​


Introduction:

In the global indices market, Asian stocks forge ahead, closely tied to China’s stability measures. However, the Shanghai composite faces a 1.44% decline. European markets, on the other hand, experienced a downturn due to dashed hopes of a rate cut, leading to increased yields. Simultaneously, stock futures worldwide exhibit minimal shifts as investors scrutinize the latest quarterly results during the midpoint of the corporate earnings season.

Market In Focus For Today – Dow Jones

On Monday, stocks declined as a surge in Treasury yields raised worries about the Federal Reserve potentially not implementing as significant rate cuts as anticipated. The Dow Jones Industrial Average dropped 274.30 points, or 0.71%, to settle at 38,380.12.

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 38586.80 | Positive Crossover | Bullish
  • MA 20: 38544.28 | Positive Crossover | Bullish
  • MA 50: 38215.44 | Positive Crossover | Bullish

Simple:

  • MA 5: 38552.01 | Positive Crossover | Bullish
  • MA 20: 38544.20| Positive Crossover | Bullish
  • MA 50: 38215.44 | Positive Crossover | Bullish
RSI (Relative Strength Index): 58.24| Buy Zone| Bullish

Stochastic Oscillator: 48.15| Buy Zone | Positive

Resistance And Support Levels:

  • R1: 38789.90 | R2: 39238.10
  • S1: 38279.45| S2: 37831.25

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 38341.70 | Take Profit: 38789.90| Stop Loss: 38042.90.

S&P 500:

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Daily Index Analysis – Nasdaq soars, S&P breaks records.​


Introduction:

Global markets show mixed performance as Asian stocks rise, led by SoftBank boosting Japan’s rally while China faces a slowdown. European stocks decline, influenced by drops in the oil, mining, and retail sectors. In the US, stocks climb amid positive earnings and Federal Reserve comments on interest rates, creating a varied landscape in the indices market.

Market In Focus For Today – Nasdaq 100

The NASDAQ 100 experienced a slight rally leading into Wednesday’s cash session, reflecting ongoing upward pressure in the market.

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 17751.41 | Positive Crossover | Bullish
  • MA 20: 17268.02 | Positive Crossover | Bullish
  • MA 50: 17536.51 | Positive Crossover | Bullish

Simple:

  • MA 5: 17746.95 | Positive Crossover | Bullish
  • MA 20: 17628.20| Positive Crossover | Bullish
  • MA 50: 17536.09 | Positive Crossover | Bullish
RSI (Relative Strength Index): 64.51| Buy Zone| Bullish

Stochastic Oscillator: 96.08| Buy Zone | Positive

Resistance And Support Levels:

  • R1: 17860.96 | R2: 18264.31
  • S1: 17444.59| S2: 17041.24

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 17392.55 | Take Profit: 17860.96| Stop Loss: 17132.32.

S&P 500:

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Daily Index Analysis – Dow, S&P, FTSE, Euro & Asian.​


Introduction:

In the global indices market, Asian markets showcase positive momentum following Wall Street’s overnight gains. Meanwhile, European shares encountered a downturn, led by declining bank and energy stocks. Key futures contracts indicate mixed sentiments, with the DAX slightly up, the CAC 40 down, and the UK 100 holding a modest gain. On Wall Street, indexes maintain near-record levels as investors react to earnings reports, robust U.S. job data, and a strengthening U.S. dollar, particularly the S&P nearing the noteworthy 5,000-point mark.

Market In Focus For Today – Dow Jones

The Dow Jones index rebounded from its intraday lows, buoyed by a robust surge in Disney stock.

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 38731.75 | Positive Crossover | Bullish
  • MA 20: 38641.15 | Positive Crossover | Bullish
  • MA 50: 38733.51 | Positive Crossover | Bullish

Simple:

  • MA 5: 38710.07 | Positive Crossover | Bullish
  • MA 20: 38640.10| Positive Crossover | Bullish
  • MA 50: 38777.00 | Positive Crossover | Bullish
RSI (Relative Strength Index): 64.83| Buy Zone| Bullish

Stochastic Oscillator: 94.74| Buy Zone | Neutral

Resistance And Support Levels:

  • R1: 38852.75 | R2: 39229.46
  • S1: 38430.09| S2: 37989.06

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 38466.84 | Take Profit: 38852.75| Stop Loss: 38227.95.

S&P 500:

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Weekly Index Analysis – Tokyo soars, Europe slumps. Wall Street triumphs.​


Introduction:

In the dynamic world of global indices, Friday saw a surge in Asian stocks, notably Tokyo’s index hitting a 34-year high. Meanwhile, European markets faced a third consecutive decline, but Wall Street celebrated as the S&P 500 triumphantly closed above 5,000, setting a new record and ending the week on a high note.

Market In Focus For The Next Week – Dow Jones

On Friday, Dow Jones experienced a decline, as there was a lack of buyer interest in defensive sectors.

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 38736.46 | Negative Crossover | Bearish
  • MA 20: 38665.22 | Positive Crossover | Bullish
  • MA 50: 38400.36 | Positive Crossover | Bullish

Simple:

  • MA 5: 38739.85 | Negative Crossover | Bearish
  • MA 20: 38665.22| Positive Crossover | Bullish
  • MA 50: 38400.31 | Positive Crossover | Bullish
RSI (Relative Strength Index): 56.95| Buy Zone| Bullish

Stochastic Oscillator: 74.38| Buy Zone | Positive

Resistance And Support Levels:

  • R1: 38950.97 | R2: 39512.70
  • S1: 38223.27| S2: 37355.15

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 38299.87 | Take Profit: 38950.97| Stop Loss: 37891.34.

S&P 500:

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Daily Index Analysis – S&P 500 breaks records, cautious markets.​


Introduction:

In the global indices market, Asian stocks show little movement amid reduced trading activity due to holidays. Shanghai composite gains 1.28%, Singapore MSCI rises 0.84%, while Hong Kong’s Hang Seng Index dips 0.83%. European stocks edge higher cautiously, with Germany’s DAX and France’s CAC 40 futures up. Meanwhile, U.S. stock futures remain stable after a record-setting week for the S&P 500.

Market In Focus For Today – Dow Jones

Early on Monday, U.S. stock futures remained close to the neutral zone. Dow Jones Industrial Average futures experienced a slight decline of 30 points or 0.1%

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 38730.75 | Negative Crossover | Bearish
  • MA 20: 38674.15 | Positive Crossover | Bullish
  • MA 50: 38744.51 | Negative Crossover | Bearish

Simple:

  • MA 5: 38763.03 | Positive Crossover | Bullish
  • MA 20: 38674.62| Positive Crossover | Bullish
  • MA 50: 38745.00 | Positive Crossover | Bullish
RSI (Relative Strength Index): 56.05| Buy Zone| Bullish

Stochastic Oscillator: 32.81| Sell Zone | Negative

Resistance And Support Levels:

  • R1: 38881.95 | R2: 39302.16
  • S1: 38409.22| S2: 37915.47

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 38461.74 | Take Profit: 38881.95| Stop Loss: 38220.12.

S&P 500:

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Daily Index Analysis – Global markets soar, Nasdaq breaks records.​


Introduction:

In Asian markets, shares an advance of the US inflation report, with China observing a holiday. Notably, the Shanghai composite rises by 1.28%. Meanwhile, major European indices show mixed movements at the start of the trading session. As Wall Street awaits the inflation data, stock futures slip following a recent Dow record.

Market In Focus For Today – Nasdaq 100

Monday afternoon saw the Nasdaq briefly exceeding its previous record closing high from November 2021 before experiencing a decline.

TECHNICAL OVERVIEW:


Moving Averages:

Exponential:

  • MA 5: 17919.25 | Negative Crossover | Bearish
  • MA 20: 17847.24 | Positive Crossover | Bullish
  • MA 50: 17670.76 | Positive Crossover | Bullish

Simple:

  • MA 5: 17949.33 | Negative Crossover | Bearish
  • MA 20: 17846.03| Positive Crossover | Bullish
  • MA 50: 17670.87 | Positive Crossover | Bullish
RSI (Relative Strength Index): 54.32| Buy Zone| Bullish

Stochastic Oscillator: 22.81| Sell Zone | Negative

Resistance And Support Levels:

  • R1: 18117.54 | R2: 18431.88
  • S1: 17710.74| S2: 17276.21

Overall Sentiment: Bullish | Market Direction: Buy​

Trade Suggestion: Limit Buy: 17756.97 | Take Profit: 18117.54| Stop Loss: 17544.32.

S&P 500:

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