Equity Indices Summary for Jan 10, 2019


Major World Indices Technical Analysis Market Overview Report for Jan 10, 2019 | by Techniquant Editorial Team

Highlights

NDX closes within previous day's range after lackluster session
FTSE closes above its opening price after recovering from early selling pressure
HSI closes above its opening price after recovering from early selling pressure
DJIA pushes through Wednesday's high
DAX rises to highest close since December 13, 2018
SPX pushes through Wednesday's high
NKY breaks below key technical support level

Summary

With six out of the seven Major World Indices closing higher today, the ones that stand out on the positive side are FTSE gaining 0.53% and DJIA closing 0.51% higher. On the flipside the worst performer has been NKY closing -1.29% lower.

One of today's most interesting market conditions in the Major World Indices showed up in FTSE: Among the nine market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "Low close to previous low" stand out. Its common bullish interpretation has been confirmed for FTSE 100. Out of 502 times, FTSE closed higher 53.98% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the long side has been after 10 trading days, showing a win rate of 56.97% with an average market move of 0.27%. Read more

Major World Indices Overviews

NDX 6,620.94 20.25 (0.31%) Moving higher for the 5th day in a row, NDX finished Thursday at 6620.94 gaining $20.25 (0.31%). Today's close at 6620.94 marks the highest recorded closing price since December 13, 2018. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Read more
FTSE 6,942.90 36.30 (0.53%) Moving higher for the 3rd day in a row, FTSE ended Thursday at 6942.87 gaining £36.27 (0.53%). Today's close at 6942.87 marks the highest recorded closing price since December 4, 2018. Trading up to £45.81 lower after the open, the Footsie managed to reverse during the session as bulls took control ending the day above its opening price. Closing above Wednesday's high at 6938.30, the market confirmed its breakout through the previous session high after trading up to £9.88 above it intraday. Read more
HSI 26,521.43 59.11 (0.22%) Moving higher for the 5th day in a row, HSI finished Thursday at 26521.43 gaining $59.11 (0.22%). Today's close at 26521.43 marks the highest recorded closing price since December 13, 2018. Trading up to $179.44 lower after the open, the stock index managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
DJIA 24,001.92 122.80 (0.51%) Moving higher for the 5th day in a row, DJIA finished Thursday at 24001.92 gaining $122.80 (0.51%). Today's close at 24001.92 marks the highest recorded closing price since December 14, 2018. Trading up to $107.90 lower after the open, Dow Indu. managed to reverse during the session as bulls took control ending the day above its opening price. Closing above Wednesday's high at 23985.45, the market confirmed its breakout through the prior session high after trading up to $29.33 above it intraday. Read more
DAX 10,921.59 28.27 (0.26%) Moving higher for the 3rd day in a row, DAX finished Thursday at 10921.59 gaining €28.27 (0.26%). Today's close at 10921.59 marks the highest recorded closing price since December 13, 2018. Trading up to €55.84 lower after the open, the index managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Read more
SPX 2,596.64 11.68 (0.45%) Moving higher for the 5th day in a row, SPX finished Thursday at 2596.64 gaining $11.68 (0.45%). Today's close at 2596.64 marks the highest recorded closing price since December 14, 2018. Closing above Wednesday's high at 2595.32, S&P 500 confirmed its breakout through the previous session high after trading up to $2.50 above it intraday. Read more
NKY 20,163.80 -263.26 (-1.29%) NKY finished Thursday at 20163.80 losing ¥263.26 (-1.29%). Read more

Detailed Reports

Daily technical analysis candlestick chart for S&P 500 Index (SPX) as at Jun 19, 2019
Jun 19, 2019
Daily technical analysis candlestick chart for Nikkei 225 Index (NKY) as at Jun 19, 2019
Jun 19, 2019
Daily technical analysis candlestick chart for Nasdaq 100 Index (NDX) as at Jun 19, 2019
Jun 19, 2019
Daily technical analysis candlestick chart for Dow Jones Industrial Average Index (DJIA) as at Jun 19, 2019
Jun 19, 2019
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