Equity Indices Summary for Oct 09, 2019


Major World Indices Technical Analysis Market Overview Report for Oct 09, 2019 | by Techniquant Editorial Team

Highlights

NDX runs into sellers again around 7717.94
DAX breaks back above 50-day moving average
SPX misses to close above 100-day moving average
FTSE finds buyers around 7139.90 for the third day in a row
HSI closes below its opening price unable to hold early session gains
DJIA closes above its opening price after recovering from early selling pressure
NKY dominated by bulls lifting the market higher throughout the day

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 1.13% and DAX closing 1.04% higher. On the flipside the worst performers have been HSI closing -0.81% lower and NKY losing -0.61%.

One of today's most interesting market conditions in the Major World Indices showed up in DJIA: Among the four market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "High close to previous High" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for Dow Indu.. Out of 599 times, DJIA closed higher 56.09% 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 63.27% with an average market move of 0.41%. Read more

Major World Indices Overviews

NDX 7,690.53 86.26 (1.13%) NDX ended Wednesday at 7690.53 gaining $86.26 (1.13%). Trading up to $23.18 lower after the open, Nasdaq 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 missed to decisively move beyond the prior day's trading range in a lackluster session. Read more
DAX 12,094.26 124.06 (1.04%) DAX ended Wednesday at 12094.26 gaining €124.06 (1.04%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
SPX 2,919.40 26.34 (0.91%) SPX finished Wednesday at 2919.40 gaining $26.34 (0.91%). 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
FTSE 7,166.50 23.30 (0.33%) FTSE ended Wednesday at 7166.50 gaining £23.30 (0.33%). 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
HSI 25,682.81 -210.59 (-0.81%) HSI ended Wednesday at 25682.81 losing $210.59 (-0.81%). Today's close at 25682.81 marks the lowest recorded closing price since September 3rd. Trading $129.96 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. The last time this happened on September 24th, HSI lost -1.28% on the following trading day. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session. Read more
DJIA 26,346.01 181.97 (0.70%) DJIA ended Wednesday at 26346.01 gaining $181.97 (0.7%). Trading up to $58.45 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. The last time this happened on October 3rd, DJIA gained 1.42% on the following trading day. 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
NKY 21,456.38 -131.40 (-0.61%) NKY ended Wednesday at 21456.38 losing ¥131.40 (-0.61%). The bulls were in full control today, moving the market higher throughout the whole session. Read more

Detailed Reports

Daily technical analysis candlestick chart for FTSE 100 Index (FTSE) as at Nov 20, 2019
Nov 20, 2019
Daily technical analysis candlestick chart for Nikkei 225 Index (NKY) as at Nov 20, 2019
Nov 20, 2019
Daily technical analysis candlestick chart for DAX Performance-Index (DAX) as at Nov 20, 2019
Nov 20, 2019
Daily technical analysis candlestick chart for Hong Kong Hang Seng Index (HSI) as at Nov 20, 2019
Nov 20, 2019
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