Equity Indices Summary for Jul 31, 2020


Major World Indices Technical Analysis Market Overview Report for Jul 31, 2020 | by Techniquant Editorial Team

Highlights

HSI closes below its opening price unable to hold early session gains
NKY tumbles, losing ¥629.23 (-2.82%) within a single day
FTSE breaks below 100-day moving average for the first time since July 9th
DAX closes below its opening price unable to hold early session gains
DJIA closes above its opening price after recovering from early selling pressure
SPX closes above its opening price after recovering from early selling pressure
NDX closes higher for the 3rd day in a row

Summary

With four out of the seven Major World Indices closing lower today, the ones that stand out on the negative side are NKY losing -2.82% and FTSE closing -1.54% lower. On the flipside the best performers have been NDX closing 1.78% higher and SPX gaining 0.77%.

One of today's most interesting market conditions in the Major World Indices showed up in DAX: Among the eight market conditions that our pattern recognition engine identified today, the statistics for the Technical Indicators based market condition "Close crossed below the lower Bollinger Band" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for DAX. Out of 76 times, DAX closed higher 53.95% 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 61.84% with an average market move of 0.68%. Read more

Major World Indices Overviews

HSI 24,595.35 -115.24 (-0.47%) Moving lower for the 2nd day in a row, HSI finished the month 0.69% higher at 24595.35 after losing $115.24 (-0.47%) today. Today's close at 24595.35 marks the lowest recorded closing price since June 30th. Trading $191.56 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Thursday's low at 24616.05, Hang Seng confirmed its breakout through the prior session low after trading up to $81.26 below it intraday. Read more
NKY 21,710.00 -629.23 (-2.82%) Moving lower for the 6th day in a row, NKY ended the month -2.59% lower at 21710.00 after tanking ¥629.23 (-2.82%) today. This is the biggest single-day loss in over a month. Today's close at 21710.00 marks the lowest recorded closing price since June 15th. 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
FTSE 5,897.80 -92.20 (-1.54%) Moving lower for the 2nd day in a row, FTSE finished the month -4.41% lower at 5897.76 after losing £92.24 (-1.54%) today. Today's close at 5897.76 marks the lowest recorded closing price since May 15th. Trading £56.34 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 June 10th, FTSE lost -3.99% on the following trading day. Closing below Thursday's low at 5924.70, the stock index confirmed its breakout through the previous session low after trading up to £26.94 below it intraday. Read more
DAX 12,313.36 -66.29 (-0.54%) Moving lower for the 4th day in a row, DAX finished the month 0.02% higher at 12313.36 after losing €66.29 (-0.54%) today. Today's close at 12313.36 marks the lowest recorded closing price since July 1st. Trading €121.65 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 prior day's range, prices missed to decisively move beyond the previous day's trading range. Read more
DJIA 26,428.32 114.67 (0.44%) DJIA ended the month 2.38% higher at 26428.32 after gaining $114.67 (0.44%) today. Trading up to $395.74 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
SPX 3,271.12 24.90 (0.77%) SPX ended the month 5.51% higher at 3271.12 after gaining $24.90 (0.77%) today. Trading up to $50.19 lower after the open, the market 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
NDX 10,905.88 190.37 (1.78%) Moving higher for the 3rd day in a row, NDX finished the month 7.37% higher at 10905.88 after gaining $190.37 (1.78%) today. Trading up to $179.00 lower after the open, Nasdaq managed to reverse during the session as bulls took control ending the day above its opening price. The last time this happened on July 22nd, NDX actually lost -2.67% 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

Detailed Reports

Daily technical analysis candlestick chart for Hong Kong Hang Seng Index (HSI) as at Sep 21, 2020
Sep 21, 2020
Daily technical analysis candlestick chart for Nasdaq 100 Index (NDX) as at Sep 18, 2020
Sep 18, 2020
Daily technical analysis candlestick chart for FTSE 100 Index (FTSE) as at Sep 18, 2020
Sep 18, 2020
Daily technical analysis candlestick chart for DAX Performance-Index (DAX) as at Sep 18, 2020
Sep 18, 2020
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