Equity Indices Summary for Aug 13, 2019


Major World Indices Technical Analysis Market Overview Report for Aug 13, 2019 | by Techniquant Editorial Team

Highlights

SPX finds buyers again around 2877.05
NDX dominated by bulls lifting the market higher throughout the day
DJIA misses to close above 100-day moving average
HSI closes lower for the 3rd day in a row
DAX finds support at 200-day moving average
FTSE still stuck within tight trading range
NKY slips to lowest close since June 4th

Summary

With five out of the seven Major World Indices closing higher today, the ones that stand out on the positive side are NDX gaining 2.2% and SPX closing 1.51% higher. On the flipside the worst performers have been HSI closing -2.1% lower and NKY losing -1.11%.

One of today's most interesting market conditions in the Major World Indices showed up in DJIA: Among the seven market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "Bearish Bounce off SMA 100" stand out. While it is usually interpreted as bearish, it has actually shown to be bullish for Dow Indu.. Out of 16 times, DJIA closed higher 62.50% 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 68.75% with an average market move of 0.50%. Read more

Major World Indices Overviews

SPX 2,926.32 43.62 (1.51%) SPX ended Tuesday at 2926.32 gaining $43.62 (1.51%). The bulls were in full control today, moving the market higher throughout the whole session. Closing above Monday's high at 2907.58, the market confirmed its breakout through the prior session high after trading up to $35.73 above it intraday. Read more
NDX 7,728.15 166.47 (2.20%) NDX finished Tuesday at 7728.15 surging $166.47 (2.2%). The bulls were in full control today, moving the market higher throughout the whole session. Closing above Monday's high at 7623.44, the index confirmed its breakout through the previous session high after trading up to $154.90 above it intraday. Read more
DJIA 26,279.91 383.47 (1.48%) DJIA ended Tuesday at 26279.91 surging $383.47 (1.48%). This is the biggest single-day gain in over two months. Closing above Monday's high at 26178.95, the market confirmed its breakout through the previous session high after trading up to $248.02 above it intraday. Read more
HSI 25,281.30 -543.42 (-2.10%) Moving lower for the 3rd day in a row, HSI finished Tuesday at 25281.30 tanking $543.42 (-2.1%). Today's close at 25281.30 marks the lowest recorded closing price since January 3rd. The bears were in full control today, moving the market lower throughout the whole session. Ending with a weak close near the low of the day sets a bearish note for the next session. Read more
DAX 11,750.13 70.45 (0.60%) DAX ended Tuesday at 11750.13 gaining €70.45 (0.6%). Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range. Read more
FTSE 7,250.90 24.20 (0.33%) FTSE finished Tuesday at 7250.90 gaining £24.20 (0.33%). Trading up to £59.86 lower after the open, FTSE 100 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
NKY 20,455.44 -229.38 (-1.11%) NKY finished Tuesday at 20455.44 losing ¥229.38 (-1.11%). Today's close at 20455.44 marks the lowest recorded closing price since June 4th. Trading up to ¥63.41 lower after the open, the index managed to reverse during the session as bulls took control ending the day above its opening price. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session. Read more

Detailed Reports

Daily technical analysis candlestick chart for Nasdaq 100 Index (NDX) as at Aug 23, 2019
Aug 23, 2019
Daily technical analysis candlestick chart for DAX Performance-Index (DAX) as at Aug 23, 2019
Aug 23, 2019
Daily technical analysis candlestick chart for Nikkei 225 Index (NKY) as at Aug 23, 2019
Aug 23, 2019
Daily technical analysis candlestick chart for S&P 500 Index (SPX) as at Aug 23, 2019
Aug 23, 2019
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