Equity Indices Summary for Mar 14, 2019


Major World Indices Technical Analysis Market Overview Report for Mar 14, 2019 | by Techniquant Editorial Team

Highlights

DJIA stuck within tight trading range
HSI finds buyers around 28696.31 for the third day in a row
DAX closes above its opening price after recovering from early selling pressure
FTSE breaks back above 20-day moving average
NKY closes lower for the 2nd day in a row
NDX finds buyers at key support level
SPX closes below its opening price unable to hold early session gains

Summary

With four out of the seven Major World Indices closing higher today, the ones that stand out on the positive side are FTSE gaining 0.37% and HSI closing 0.15% higher. On the flipside the worst performers have been NDX closing -0.19% lower and SPX losing -0.09%.

One of today's most interesting market conditions in the Major World Indices showed up in FTSE: Among the four market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "Bullish Break through SMA 20" stand out. While it is usually interpreted as bullish, it has actually shown to be bearish for FTSE 100. Out of 157 times, FTSE closed lower 52.87% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the short side has been after 10 trading days, showing a win rate of 50.96% with an average market move of 0.02%. Read more

Major World Indices Overviews

DJIA 25,709.94 7.05 (0.03%) Moving higher for the 2nd day in a row, DJIA ended Thursday at 25709.94 edging higher $7.05 (0.03%). Trading up to $70.99 lower after the open, Dow Indu. managed to reverse during the session as bulls took control ending the day above its opening price. The last time this happened on March 8th, DJIA gained 0.79% on the following trading day. Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range in a lackluster session. Read more
HSI 28,851.39 43.94 (0.15%) HSI finished Thursday at 28851.39 edging higher $43.94 (0.15%). Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range in a lackluster session. Read more
DAX 11,587.47 15.06 (0.13%) Moving higher for the 2nd day in a row, DAX finished Thursday at 11587.47 gaining €15.06 (0.13%). Trading up to €32.32 lower after the open, the index managed to reverse during the session as bulls took control ending the day above its opening price. Closing above Wednesday's high at 11586.90, the stock index confirmed its breakout through the prior session high after trading up to €48.86 above it intraday. Read more
FTSE 7,185.40 26.20 (0.37%) Moving higher for the 4th day in a row, FTSE ended Thursday at 7185.43 gaining £26.23 (0.37%). Closing above Wednesday's high at 7181.90, the index confirmed its breakout through the prior session high after trading up to £33.55 above it intraday. Read more
NKY 21,287.02 -3.22 (-0.02%) Moving lower for the 2nd day in a row, NKY finished Thursday at 21287.02 edging lower ¥3.22 (-0.02%). The bears were in full control today, moving the market lower throughout the whole session. Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range. Read more
NDX 7,243.01 -13.97 (-0.19%) NDX ended Thursday at 7243.01 losing $13.97 (-0.19%). Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range. Read more
SPX 2,808.48 -2.44 (-0.09%) SPX ended Thursday at 2808.48 losing $2.44 (-0.09%). Trading $4.62 higher after the open, S&P 500 was unable to hold its gains as the bears took control ending the day below its opening price. 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

Detailed Reports

Daily technical analysis candlestick chart for Nikkei 225 Index (NKY) as at Mar 20, 2019
Mar 20, 2019
Daily technical analysis candlestick chart for DAX Performance-Index (DAX) as at Mar 19, 2019
Mar 19, 2019
Daily technical analysis candlestick chart for Dow Jones Industrial Average Index (DJIA) as at Mar 19, 2019
Mar 19, 2019
Daily technical analysis candlestick chart for Hong Kong Hang Seng Index (HSI) as at Mar 19, 2019
Mar 19, 2019
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