Indices

Technical Analysis – EU 50 Stock Index looking increasingly bearish below moving averages

Posted on March 5, 2018 at 4:13 pm GMT

The EU 50 stock index remains stuck in bearish territory as the recent upswing failed to lift the price above its moving averages. The index has now turned lower again after the rebound was halted at the 50% Fibonacci retracement of the downleg from 3688.70 to 3258.70, and is heading towards February’s one-year lows. Momentum indicators point to further weakness in the short term, with both the RSI and the stochastics moving closer to oversold territory. However, there are signs [..]

Technical Analysis – GER 30 index possibly oversold in near-term; looking bearish in medium-term

Posted on March 5, 2018 at 11:55 am GMT

The Germany 30 index has managed to cross above the 12,000 handle – a level that may be of psychological importance – after previously falling as low as 11,729.50 during Monday’s trading and coming close to the one-year low of 11,691.60 that was recorded in early February. The bias in the short-term is looking bearish as indicated by the negatively aligned Tenkan- and Kijun-sen lines. The Chikou Span however might be pointing to an oversold market, rendering a rebound in [..]

Equities finish February on wobbly legs, look to data for clarity – Index News

Posted on March 1, 2018 at 2:23 pm GMT

Global stock indices ended February lower, as concerns regarding rising inflation and interest rates took a hold of markets, helping to bring “overvalued” equities back to more reasonable levels. While the outlook for stocks has remained uncertain and price action has become increasingly more choppy, this may well change over the next few weeks as data on wages and inflation provide some much-needed clarity to investors. It’s a long story, but not a complicated one. In early February, an upside [..]

Technical Analysis – US Dollar Index is ready for bullish retracement; creates 7-week high

Posted on March 1, 2018 at 1:53 pm GMT

The US dollar index created a double bottom on February 16 near 88.20, posting a new more than 3-year low. The double bottom reversal is a bullish pattern indicating further gains on the price action as the index jumped above the significant area of 90.45. Currently, the price is recording a 7-week high near 90.75. In the daily chart, short-term momentum indicators are also pointing to a continuation of the bullish bias. The Relative Strength Index is well above the 50 level, suggesting [..]

Technical Analysis – US 30 index turns more neutral in medium-term as it enters Ichimoku cloud

Posted on February 28, 2018 at 11:10 am GMT

The US 30 index finished Tuesday’s trading 1.3% lower after previously reaching a near four-week high of 25,819,90. Despite yesterday’s notable decline, the Tenkan- and Kijun-sen lines remain positively aligned, continuing to project a bullish picture in the short-term. However, both have flatlined, this being a sign that positive momentum could be losing steam. Should the index advance, the area around yesterday’s high of 25,819.90 could act as a barrier to the upside, while the range around the Ichimoku cloud [..]

Technical Analysis – US 100 index regains lost ground, approaches all-time highs

Posted on February 23, 2018 at 2:39 pm GMT

The US 100 index has risen in the past two weeks, recovering more than half of the losses it posted in early February when it fell 12.5% over the period January 29 – February 9. During that period, the index collapsed from an all-time high of 7037, before it found support near the crossroads of the 6162 level, the uptrend line drawn from the low of June 2016, and the 200-day exponential moving average. Subsequently, it rebounded and is currently [..]

Technical Analysis – US 500 index loses some ground; bearish crossover of 20 and 40 SMAs

Posted on February 21, 2018 at 2:30 pm GMT

The US 500 index is moving slightly lower after the sharp buying interest in the previous week pared some of the steep losses from earlier in the month. The price is developing below the bearish crossover within the 20 and 40 simple moving averages in the daily timeframe, suggesting downward pressure. From the technical point of view, the MACD oscillator is holding below the zero line but jumped above the trigger line in the previous sessions. The stochastic oscillator is moving lower [..]

Is the equity correction over, or just taking a breather? – Index News

Posted on February 16, 2018 at 3:34 pm GMT

Global equity indices have largely rebounded after their recent slide. The Dow Jones and the S&P 500 have already recovered more than half of their losses. While stock markets may well be headed for new highs, the sustained surge in US Treasury yields should give investors pause for thought, as fresh records in equities could be harder to achieve in a regime of rapidly rising yields. Are we back to normal? Equity markets seem to have carved out a bottom [..]

Technical Analysis – Japan 225 stock index finds support at 200-DMA after slumping to 4-month low

Posted on February 14, 2018 at 11:25 am GMT

The Japan 225 stock index has suffered a sharp sell-off over the past three weeks, tumbling by around 15% from its 26-year high of 24191 on January 23 to a 4-month low of 20547 on February 9. The index appears to have found support around the 200-day moving average, with prices so far managing to close above it. Momentum indicators are mixed with the RSI flat just above the 30 oversold level, suggesting that the next near-term trend could move [..]

Stock market correction, or the beginning of a bear market? – Index News

Posted on February 6, 2018 at 2:33 pm GMT

Global stock markets have not fallen this aggressively in years. While the carnage may still have some room to run, it is important to distinguish that this appears to be merely a correction in an otherwise robust uptrend, and not the beginning of a bear market in stocks. Many have argued that a major correction in global stocks was long overdue, following spectacular bull runs in almost every major equity index in recent years. Some have even argued that a [..]

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