Equity Indices Summary for Nov 08, 2019


Major World Indices Technical Analysis Market Overview Report for Nov 08, 2019 | by Techniquant Editorial Team

Highlights

HSI dominated by bears dragging the market lower throughout the day
NDX closes within previous day's range
SPX closes above its opening price after recovering from early selling pressure
DJIA finds buyers again around 27578.97
DAX closes below its opening price unable to hold early session gains
NKY rises to highest close since October 10, 2018
FTSE dominated by bears dragging the market lower throughout the day

Summary

With four out of the seven Major World Indices closing higher today, the ones that stand out on the positive side are NDX gaining 0.44% and NKY closing 0.26% higher. On the flipside the worst performers have been HSI closing -0.7% lower and FTSE losing -0.63%.

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 64 times, SPX closed higher 56.25% 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 67.19% with an average market move of 0.10%. Read more

Major World Indices Overviews

HSI 27,651.14 -196.09 (-0.70%) HSI ended the week 2.03% higher at 27651.14 after losing $196.09 (-0.7%) today. 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 8,255.89 36.24 (0.44%) Moving higher for the 2nd day in a row, NDX ended the week 1.16% higher at 8255.89 after gaining $36.24 (0.44%) today. Today's close at 8255.89 marks the highest recorded closing price ever. The bulls were in full control today, moving the market higher 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
SPX 3,093.08 7.90 (0.26%) Moving higher for the 3rd day in a row, SPX ended the week 0.85% higher at 3093.08 after gaining $7.90 (0.26%) today. Today's close at 3093.08 marks the highest recorded closing price ever. Trading up to $7.67 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. Read more
DJIA 27,681.24 6.44 (0.02%) Moving higher for the 2nd day in a row, DJIA ended the week 1.22% higher at 27681.24 after edging higher $6.44 (0.02%) today. Today's close at 27681.24 marks the highest recorded closing price ever. 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 13,228.56 -60.90 (-0.46%) DAX ended the week 2.06% higher at 13228.56 after losing €60.90 (-0.46%) today. Trading €29.56 higher after the open, the stock index was unable to hold its gains as the bears took control ending the day below 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
NKY 23,391.87 61.55 (0.26%) Moving higher for the 4th day in a row, NKY ended the week 2.37% higher at 23391.87 after gaining ¥61.55 (0.26%) today. Today's close at 23391.87 marks the highest recorded closing price since October 10, 2018. Read more
FTSE 7,359.40 -47.00 (-0.63%) FTSE ended the week 0.78% higher at 7359.38 after losing £47.02 (-0.63%) today. The bears were in full control today, moving the market lower throughout the whole session. Closing below Thursday's low at 7396.00, the Footsie confirmed its breakout through the prior session low after trading up to £46.88 below it intraday. 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 S&P 500 Index (SPX) as at Nov 20, 2019
Nov 20, 2019
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