Equity Indices Summary for Feb 13, 2020


Major World Indices Technical Analysis Market Overview Report for Feb 13, 2020 | by Techniquant Editorial Team

Highlights

DJIA closes within prior day's range after lackluster session
NKY closes below its opening price unable to hold early session gains
DAX runs into sellers again around 13745.43
SPX closes within previous day's range
HSI dominated by bears dragging the market lower throughout the day
NDX stuck within tight trading range
FTSE breaks below Wednesday's low

Summary

With seven out of the seven Major World Indices closing lower today, the ones that stand out on the negative side are FTSE losing -1.09% and DJIA closing -0.43% lower. None of the markets managed to end the day in the green.

One of today's most interesting market conditions in the Major World Indices showed up in NKY: Among the six 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 Nikkei 225. Out of 425 times, NKY closed higher 55.76% 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 58.35% with an average market move of 0.56%. Read more

Major World Indices Overviews

DJIA 29,423.31 -128.11 (-0.43%) DJIA finished Thursday at 29423.31 losing $128.11 (-0.43%). Trading $99.37 higher after the open, the Dow 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 23,827.73 -33.48 (-0.14%) NKY ended Thursday at 23827.73 edging lower ¥33.48 (-0.14%). Trading ¥59.09 higher after the open, the Nikkei was unable to hold its gains as the bears took control ending the day below its opening price. The last time this happened on February 5th, NKY actually gained 2.38% on the following trading day. 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 13,745.43 -4.35 (-0.03%) DAX ended Thursday at 13745.43 edging lower €4.35 (-0.03%). Trading up to €118.97 lower after the open, the index managed to reverse during the session as bulls took control ending the day above its opening price. The last time this happened on Tuesday, DAX gained 0.89% on the following trading day. Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range. Read more
SPX 3,373.94 -5.51 (-0.16%) SPX ended Thursday at 3373.94 losing $5.51 (-0.16%). Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range. Read more
HSI 27,730.00 -93.66 (-0.34%) HSI finished Thursday at 27730.00 losing $93.66 (-0.34%). The bears were in full control today, moving the market lower throughout the whole session. 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
NDX 9,595.70 -17.50 (-0.18%) NDX finished Thursday at 9595.70 losing $17.50 (-0.18%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
FTSE 7,452.00 -82.40 (-1.09%) FTSE ended Thursday at 7452.03 losing £82.37 (-1.09%). Closing below Wednesday's low at 7499.00, the Footsie confirmed its breakout through the previous session low after trading up to £92.06 below it intraday. Read more

Detailed Reports

Daily technical analysis candlestick chart for Hong Kong Hang Seng Index (HSI) as at Sep 18, 2020
Sep 18, 2020
Daily technical analysis candlestick chart for Nikkei 225 Index (NKY) as at Sep 18, 2020
Sep 18, 2020
Daily technical analysis candlestick chart for S&P 500 Index (SPX) as at Sep 17, 2020
Sep 17, 2020
Daily technical analysis candlestick chart for DAX Performance-Index (DAX) as at Sep 17, 2020
Sep 17, 2020
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