Equity Indices Summary for Apr 22, 2019


Major World Indices Technical Analysis Market Overview Report for Apr 22, 2019 | by Techniquant Editorial Team

Highlights

SPX runs into sellers again around 2909.51
NDX rises to highest close ever
NKY closes above its opening price after recovering from early selling pressure
DJIA finds buyers again around 26458.60

Summary

With three out of the four Major World Indices closing higher today, the ones that stand out on the positive side are NDX gaining 0.31% and SPX closing 0.1% higher. On the flipside the worst performer has been DJIA closing -0.18% lower.

One of today's most interesting market conditions in the Major World Indices showed up in SPX: Among the nine market conditions that our pattern recognition engine identified today, the statistics for the OHLC Patterns based market condition "Last Engulfing Top Pattern" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for S&P 500. Out of 61 times, SPX closed higher 55.74% 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 68.85% with an average market move of 0.16%. Read more

Major World Indices Overviews

SPX 2,907.97 2.94 (0.10%) Moving higher for the 2nd day in a row, SPX ended Monday at 2907.97 gaining $2.94 (0.1%). Today's close at 2907.97 marks the highest recorded closing price since October 3, 2018. The bulls were in full control today, moving the market higher throughout the whole session. 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
NDX 7,713.49 23.77 (0.31%) Moving higher for the 6th day in a row, NDX finished Monday at 7713.49 gaining $23.77 (0.31%). Today's close at 7713.49 marks the highest recorded closing price ever. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 7694.18, the market confirmed its breakout through the prior session high after trading up to $21.15 above it intraday. Read more
NKY 22,217.90 17.34 (0.08%) Moving higher for the 2nd day in a row, NKY finished Monday at 22232.10 gaining ¥31.54 (0.14%). Trading up to ¥89.24 lower after the open, the index managed to reverse during the session as bulls took control ending the day above its opening price. The last time this happened on April 12th, NKY gained 1.37% on the following trading day. Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range. Read more
DJIA 26,511.05 -48.49 (-0.18%) DJIA finished Monday at 26511.05 losing $48.49 (-0.18%). Trading up to $52.20 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 previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Read more

Detailed Reports

Daily technical analysis candlestick chart for Hong Kong Hang Seng Index (HSI) as at Nov 13, 2019
Nov 13, 2019
Daily technical analysis candlestick chart for Nikkei 225 Index (NKY) as at Nov 13, 2019
Nov 13, 2019
Daily technical analysis candlestick chart for Nasdaq 100 Index (NDX) as at Nov 12, 2019
Nov 12, 2019
Daily technical analysis candlestick chart for Dow Jones Industrial Average Index (DJIA) as at Nov 12, 2019
Nov 12, 2019
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