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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:

24-01-27_02-30-17_Nasdaq-100-Index-1024x

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:

24-01-29_01-33-13_Dow-Jones-Index-1024x3

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 – 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:

24-01-31_02-14-43_Dow-Jones-Index-1024x3

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 – 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:

24-02-02_03-49-07_Dow-Jones-Index-1024x3

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:

24-02-03_04-27-16_Dow-Jones-Index-1024x3

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:

24-02-05_03-04-48_Dow-Jones-Index-1024x3

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:

24-02-06_04-09-40_Nasdaq-100-Index-1024x

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:

24-02-07_02-59-48_Dow-Jones-Index-1024x3

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:

24-02-07_22-16-50_Nasdaq-100-Index-1024x

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:

24-02-09_03-39-50_Dow-Jones-Index-1024x3

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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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:

24-02-12_04-31-45_Dow-Jones-Index-1024x3

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 tumble, U.S. inflation soars.

 

Introduction:

“In the global indices market, the aftermath of soaring U.S. inflation data is felt across most Asian markets, with declines witnessed in key indices. Meanwhile, the Shanghai composite bucks the trend with a 1.28% gain. In Europe, stock markets witness an upswing as the UK’s inflation rate retreats. Conversely, U.S. stocks face a decline on Tuesday as worse-than-expected inflation data dispels hopes for a May interest rate cut, shaping a complex landscape in international financial markets.”

 

Market In Focus For Today – Dow Jones

Dow plunges 500 points, marking its most significant decline since March 2023, following a robust inflation report.

 

TECHNICAL OVERVIEW:

24-02-14_03-46-01_Dow-Jones-Index-1024x3

Moving Averages:

Exponential:

  • MA 5: 38555.70 | Negative Crossover | Bearish
  • MA 20: 38650.67 | Negative Crossover | Bearish
  • MA 50: 38480.25 | Negative Crossover | Bearish

Simple:

  • MA 5: 38268.85 | Negative Crossover | Bearish
  • MA 20: 38650.67| Negative Crossover | Bearish
  • MA 50: 38480.55 | Negative Crossover | Bearish
     

RSI (Relative Strength Index): 42.8| Neutral Zone| Neutral

 

Stochastic Oscillator: 5.23| Sell Zone | Negative

 

Resistance And Support Levels:

  • R1: 38859.88 | R2: 39412.06
  • S1: 38231.22| S2: 37387.75

Overall Sentiment: Bearish | Market Direction: Sell

Trade Suggestion: Limit Sell: 38445.91 | Take Profit: 37817.15| Stop Loss: 38859.98.

 

S&P 500:

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Daily Index Analysis – Global indices surge, tech leads rebound.

 

Introduction:

In the global indices landscape, Asian stocks show gains as the US dollar softens amidst considerations of the US interest rate outlook. Notably, the Shanghai Composite, Singapore MSCI, and Nikkei 225 all register positive moves. Meanwhile, European equities rise, despite the UK entering a technical recession. In the US, Wall Street ends on a positive note, primarily boosted by impressive performances from Uber, Lyft, and Nvidia, with the latter surpassing Alphabet in market value.

 

Market In Focus For Today – Nasdaq 100

The NASDAQ 100 shows signs of recovery in the early hours, as efforts are made to bounce back from the CPI shock experienced in the Tuesday session.

 

TECHNICAL OVERVIEW:

24-02-15_03-22-50_Nasdaq-100-Index-1024x

Moving Averages:

Exponential:

  • MA 5: 17844.62 | Positive Crossover | Bullish
  • MA 20: 17868.24 | Positive Crossover | Bullish
  • MA 50: 17694.58 | Positive Crossover | Bullish

Simple:

  • MA 5: 17836.52 | Positive Crossover | Bullish
  • MA 20: 17868.37| Positive Crossover | Bullish
  • MA 50: 17694.55 | Positive Crossover | Bullish
     

RSI (Relative Strength Index): 57.22| Buy Zone| Buy

 

Stochastic Oscillator: 46.05| Buy Zone | Positive

 

Resistance And Support Levels:

  • R1: 18038.95 | R2: 18408.77
  • S1: 17659.89| S2: 17243.85

Overall Sentiment: Bullish | Market Direction: Buy

Trade Suggestion: Limit Buy: 17706.12 | Take Profit: 18112.92| Stop Loss: 17447.25.

 

S&P 500:

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Daily Index Analysis – Keep track of market, and tech turmoil.

 

Introduction:

In the indices market, Asian shares grapple for momentum as China re-enters with subdued energy. The Shanghai Composite rises 1.56%, while Hong Kong’s Hang Seng Index drops 1.13%. European stocks pause nearing record levels. Meanwhile, on Wall Street, a decline ensues as robust producer price data dampens expectations for Federal Reserve interest rate cuts.

 

Market In Focus For Today – Nasdaq 100

NASDAQ remains relatively unchanged as traders concentrate on profit-taking in the technology sector.

 

TECHNICAL OVERVIEW:

24-02-19_03-59-04_Nasdaq-100-Index-1024x

Moving Averages:

Exponential:

  • MA 5: 17811.77 | Negative Crossover | Bearish
  • MA 20: 17862.00 | Negative Crossover | Bearish
  • MA 50: 17730.30 | Positive Crossover | Bullish

Simple:

  • MA 5: 17845.12 | Negative Crossover | Bearish
  • MA 20: 17862.02| Negative Crossover | Bearish
  • MA 50: 17730.42 | Positive Crossover | Bullish
     

RSI (Relative Strength Index): 47.21| Buy Zone| Buy

 

Stochastic Oscillator: 22.14| Sell Zone | Negative

 

Resistance And Support Levels:

  • R1: 39013.33 | R2: 39534.75
  • S1: 38231.22| S2: 37479.77

Overall Sentiment: Neutral | Market Direction: Sell

Trade Suggestion: Stop Sell: 17684.08 | Take Profit: 17259.36| Stop Loss: 17949.52.

 

S&P 500:

 

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Daily Index Analysis – Navigate market shifts and China’s impact.

Introduction:

In the global indices landscape, Asian stocks encounter challenges despite China’s rate cut. Shanghai Composite saw a modest gain, while European markets showed mixed results following China’s unexpected rate adjustment. U.S. stock futures dipped after the long weekend, with attention on Nvidia’s earnings and the Federal Reserve’s minutes release, influencing discussions on inflation and interest rates.

 

Market In Focus For Today – Dow Jones

Tuesday saw a decline in U.S. stock futures as investors anticipated a week that would include Nvidia’s corporate earnings and the minutes from the most recent monetary policy meeting. The Dow Jones Industrial Average fell 0.3%.

 

TECHNICAL OVERVIEW:

24-02-20_02-19-24_Dow-Jones-Index-1024x3

Moving Averages:

Exponential:

  • MA 5: 38658.01 | Negative Crossover | Bearish
  • MA 20: 38631.75 | Negative Crossover | Bearish
  • MA 50: 38613.47 | Positive Crossover | Bullish

Simple:

  • MA 5: 38708.02 | Negative Crossover | Bearish
  • MA 20: 38631.82| Negative Crossover | Bearish
  • MA 50: 38613.05 | Positive Crossover | Bullish
     

RSI (Relative Strength Index): 48.98| Buy Zone| Buy

 

Stochastic Oscillator: 46.6| Buy Zone | Negative

 

Resistance And Support Levels:

  • R1: 38925.81 | R2: 39302.43
  • S1: 38580.57| S2: 38109.80

Overall Sentiment: Neutral | Market Direction: Sell

Trade Suggestion: Stop Sell: 38643.34 | Take Profit: 38277.18| Stop Loss: 38925.81.

 

S&P 500:

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  • 2 weeks later...

Daily Index Analysis – Markets surge, FTSE falters, DAX shines.

 

Introduction:

In the indices market update, Asian stocks generally rise despite a slowdown in China’s factory activity. Key movements include the Shanghai Composite up 0.32% and Japan’s Nikkei 225 climbing 0.50%. Meanwhile, European stocks see gains driven by global optimism and inflation concerns. In the U.S., stock futures remain steady after the Nasdaq Composite broke its 2021 record, setting the stage for continued upward momentum.

 

Market In Focus For Today – Nasdaq 100

The Nasdaq 100 achieved all-time highs amid a decline in the US dollar and weakening Treasury yields.

 

TECHNICAL OVERVIEW:

24-03-04_03-14-25_Nasdaq-100-Index-1024x

Moving Averages:

Exponential:

  • MA 5: 18186.81 | Positive Crossover | Bullish
  • MA 20: 18061.44 | Positive Crossover | Bullish
  • MA 50: 17914.34 | Positive Crossover | Bullish

Simple:

  • MA 5: 18136.46 | Positive Crossover | Bullish
  • MA 20: 18061.32| Positive Crossover | Bullish
  • MA 50: 17914.28 | Positive Crossover | Bullish
     

RSI (Relative Strength Index): 67.34| Buy Zone| Buy

 

Stochastic Oscillator: 96/06| Buy Zone | Neutral

 

Resistance And Support Levels:

  • R1: 18376.65 | R2: 18755.76
  • S1: 17867.38| S2: 17376.92

Overall Sentiment: Positive | Market Direction: Buy

Trade Suggestion: Limit Buy: 17950.67 | Take Profit: 18376.35| Stop Loss: 17700.81.

 

S&P 500:

 

READ THE FULL REPORT VISIT US - CAPITAL STREET FX

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Daily Index Analysis – Global indices volatile, tech stocks tumble.

 

Introduction:

Asian markets display mixed results following Wall Street’s recent downturn. While the Shanghai Composite rises by 0.28%, Singapore’s MSCI climbs 1.93%, and Hong Kong’s Hang Seng Index gains 1.70%. In Europe, major stock markets stabilize amid diverse Asian performances. Meanwhile, U.S. stocks experience a notable decline, coinciding with record highs for both bitcoin and gold, prompting scrutiny from investors ahead of economic data releases and central bank actions.

 

Market In Focus For Today – Nasdaq 100

Nasdaq Composite experiences a dip as technology stocks face downward pressure.

 

TECHNICAL OVERVIEW:

24-03-06_03-27-15_Nasdaq-100-Index-1024x

Moving Averages:

Exponential:

  • MA 5: 18123.55 | Positive Crossover | Bullish
  • MA 20: 18101.93 | Positive Crossover | Bullish
  • MA 50: 17936.07 | Positive Crossover | Bullish

Simple:

  • MA 5: 18199.52 | Negative Crossover | Bearish
  • MA 20: 18101.35| Positive Crossover | Bullish
  • MA 50: 17935.07 | Positive Crossover | Bullish
     

RSI (Relative Strength Index): 54.63| Buy Zone| Buy

 

Stochastic Oscillator: 12.5| Sell Zone | Negative

 

Resistance And Support Levels:

  • R1: 18375.84 | R2: 18690.99
  • S1: 17848.87| S2: 17376.92

Overall Sentiment: Positive | Market Direction: Buy

Trade Suggestion: Limit Buy: 17932.16 | Take Profit: 18320.83| Stop Loss: 17691.55.

 

S&P 500:

READ THE FULL REPORT VISIT US - CAPITAL STREET FX

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