Equity Indices Summary for Dec 02, 2019


Major World Indices Technical Analysis Market Overview Report for Dec 02, 2019 | by Techniquant Editorial Team

Highlights

DAX slumps, losing €271.70 (-2.05%) within a single day
NDX dominated by bears dragging the market lower throughout the day
DJIA breaks below Friday's low
SPX breaks below key technical support level
NKY surges 1.01% closing ¥235.59 higher
FTSE breaks back below 200-day moving average
HSI closes within previous day's range after lackluster session

Summary

With five out of the seven Major World Indices closing lower today, the ones that stand out on the negative side are DAX losing -2.05% and NDX closing -1.12% lower. On the flipside the best performers have been NKY closing 1.01% higher and HSI gaining 0.37%.

One of today's most interesting market conditions in the Major World Indices showed up in NDX: Among the 11 market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "Price broke through Technical Support S1" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for Nasdaq 100. Out of 220 times, NDX closed higher 59.09% 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 65.91% with an average market move of 0.90%. Read more

Major World Indices Overviews

DAX 12,964.68 -271.70 (-2.05%) Moving lower for the 3rd day in a row, DAX ended Monday at 12964.68 tanking €271.70 (-2.05%). This is the biggest single-day loss in over two months. Today's close at 12964.68 marks the lowest recorded closing price since November 1st. The bears were in full control today, moving the market lower throughout the whole session. Closing below Friday's low at 13165.07, the market confirmed its breakout through the prior session low after trading up to €210.57 below it intraday. Read more
NDX 8,309.26 -94.42 (-1.12%) Moving lower for the 2nd day in a row, NDX ended Monday at 8309.26 tanking $94.42 (-1.12%). This is the biggest single-day loss in over a month. The bears were in full control today, moving the market lower throughout the whole session. Closing below Friday's low at 8402.13, Nasdaq confirmed its breakout through the prior session low after trading up to $127.52 below it intraday. Read more
DJIA 27,783.04 -268.37 (-0.96%) Moving lower for the 2nd day in a row, DJIA finished Monday at 27783.04 tanking $268.37 (-0.96%). This is the biggest single-day loss in over a month. The bears were in full control today, moving the market lower throughout the whole session. Closing below Friday's low at 28042.53, the stock index confirmed its breakout through the prior session low after trading up to $260.18 below it intraday. Read more
SPX 3,113.87 -27.11 (-0.86%) Moving lower for the 2nd day in a row, SPX ended Monday at 3113.87 tanking $27.11 (-0.86%). This is the biggest single-day loss in over a month. The last time we've seen such an unusually strong single-day loss on October 8th, SPX actually gained 0.91% on the following trading day. The bears were in full control today, moving the market lower throughout the whole session. Closing below Friday's low at 3139.34, the index confirmed its breakout through the previous session low after trading up to $28.56 below it intraday. Read more
NKY 23,529.50 235.59 (1.01%) NKY finished Monday at 23529.50 surging ¥235.59 (1.01%). This is the biggest single-day gain in over three weeks. Today's close at 23529.50 marks the highest recorded closing price since October 5, 2018. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Friday's high at 23498.77, Nikkei 225 confirmed its breakout through the previous session high after trading up to ¥63.28 above it intraday. Read more
FTSE 7,285.90 -60.60 (-0.82%) Moving lower for the 3rd day in a row, FTSE ended Monday at 7285.94 tanking £60.56 (-0.82%). Trading £53.74 higher after the open, the Footsie was unable to hold its gains as the bears took control ending the day below its opening price. The last time this happened on October 15th, FTSE lost -0.60% on the following trading day. Closing below Friday's low at 7346.50, the stock index confirmed its breakout through the prior session low after trading up to £69.48 below it intraday. Read more
HSI 26,444.72 98.23 (0.37%) HSI finished Monday at 26444.72 gaining $98.23 (0.37%). 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 Dec 13, 2019
Dec 13, 2019
Daily technical analysis candlestick chart for Nikkei 225 Index (NKY) as at Dec 13, 2019
Dec 13, 2019
Daily technical analysis candlestick chart for Dow Jones Industrial Average Index (DJIA) as at Dec 13, 2019
Dec 13, 2019
Daily technical analysis candlestick chart for S&P 500 Index (SPX) as at Dec 13, 2019
Dec 13, 2019
Trending Assets
Top Movers