Indices / Page 62

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 4:30 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 [..]

Technical Analysis – US 30 index posts steep losses; near 3-month low

Posted on February 6, 2018 at 2:07 pm GMT

The US 30 index has plunged sharply lower since Friday losing more than 3000 points from the last all-time high on January 29. The price posted a new more than 3-month low of 23116.40 earlier today, however, it later reversed some of its losses during the European session. Prices broke below the 23.6% Fibonacci retracement level near 24000 of the up-leg with the low of 15250 and the high of 26700. The bullish picture in the medium-term weakened and a bearish correction is in progress. [..]

Surging US yields threaten the Dow’s rally – Index News

Posted on February 2, 2018 at 2:28 pm GMT

The bull run in the Dow Jones continued unabated in the first month of 2018, with the index gaining an astonishing 6% in just four weeks. However, with yields on US Treasuries rising sharply in recent days, the Dow’s rally appears at risk, with a further correction lower being possible in case yields continue to break multi-year highs. While bonds and stocks are typically the two main components of any investment portfolio, they serve very different functions. Stocks are [..]

Technical Analysis – US 100 index hits 11-day low; medium-term picture still bullish

Posted on February 2, 2018 at 11:27 am GMT

The US 100 index is 2.5% down from the week’s high of 7,037.10 hit on Monday which also constituted the highest on record for the benchmark. During Friday’s trading it touched 6,849.60, this being an 11-day low, while it continues trading in proximity to this level. The RSI has been falling in recent days, hinting to a change in short-term dynamics from bullish to bearish. Turning to the stochastics, they’re giving a bearish signal in the very short-term as the [..]

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