Equity Indices Summary for Jul 11, 2019


Major World Indices Technical Analysis Market Overview Report for Jul 11, 2019 | by Techniquant Editorial Team

Highlights

SPX pops to highest close ever
DJIA dominated by bulls lifting the market higher throughout the day
NKY pushes through Wednesday's high
FTSE closes below its opening price unable to hold early session gains
DAX breaks below 20-day moving average for the first time since June 6th
NDX runs into sellers again around 7934.60
HSI closes higher for the 2nd day in a row

Summary

With four out of the seven Major World Indices closing higher today, the ones that stand out on the positive side are DJIA gaining 0.85% and HSI closing 0.81% higher. On the flipside the worst performers have been DAX closing -0.33% lower and FTSE losing -0.28%.

One of today's most interesting market conditions in the Major World Indices showed up in NDX: Among the two market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "High close to prior High" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for Nasdaq 100. Out of 533 times, NDX closed higher 55.91% 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 62.29% with an average market move of 0.62%. Read more

Major World Indices Overviews

SPX 2,999.91 6.84 (0.23%) Moving higher for the 3rd day in a row, SPX finished Thursday at 2999.91 gaining $6.84 (0.23%). Today's close at 2999.91 marks the highest recorded closing price ever. Trading up to $10.82 lower after the open, the S&P 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 missed to decisively move beyond the previous day's trading range in a lackluster session. Read more
DJIA 27,088.08 227.88 (0.85%) Moving higher for the 2nd day in a row, DJIA finished Thursday at 27088.08 surging $227.88 (0.85%). This is the biggest single-day gain in over three weeks. Today's close at 27088.08 marks the highest recorded closing price ever. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 26983.45, the market confirmed its breakout through the previous session high after trading up to $105.00 above it intraday. Read more
NKY 21,643.53 110.05 (0.51%) NKY finished Thursday at 21643.53 gaining ¥110.05 (0.51%). The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 21601.86, the Nikkei confirmed its breakout through the prior session high after trading up to ¥48.07 above it intraday. Read more
FTSE 7,509.80 -20.90 (-0.28%) Moving lower for the 6th day in a row, FTSE finished Thursday at 7509.82 losing £20.88 (-0.28%). Trading £27.65 higher after the open, FTSE 100 was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Wednesday's low at 7515.60, the stock index confirmed its breakout through the previous session low after trading up to £13.94 below it intraday. Read more
DAX 12,332.12 -41.29 (-0.33%) Moving lower for the 5th day in a row, DAX finished Thursday at 12332.12 losing €41.29 (-0.33%). Closing below Wednesday's low at 12356.80, the stock index confirmed its breakout through the previous session low after trading up to €49.46 below it intraday. Read more
NDX 7,896.78 -6.62 (-0.08%) NDX finished Thursday at 7896.78 edging lower $6.62 (-0.08%). Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range. Read more
HSI 28,431.80 227.11 (0.81%) Moving higher for the 2nd day in a row, HSI ended Thursday at 28431.80 gaining $227.11 (0.81%). Read more

Detailed Reports

Daily technical analysis candlestick chart for Dow Jones Industrial Average Index (DJIA) as at Sep 18, 2019
Sep 18, 2019
Daily technical analysis candlestick chart for S&P 500 Index (SPX) as at Sep 18, 2019
Sep 18, 2019
Daily technical analysis candlestick chart for FTSE 100 Index (FTSE) as at Sep 18, 2019
Sep 18, 2019
Daily technical analysis candlestick chart for Nikkei 225 Index (NKY) as at Sep 18, 2019
Sep 18, 2019
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