Daily Index Technical Analysis By CSFX

Global Markets Stocks and Indexes
1

Daily Index Analysis – Tech rules Nasdaq, S&P records, FTSE challenges, DAX shines.

Introduction:

In the global indices market, Asian markets show gains, tracking a Wall Street rally. European stocks rise, led by chipmakers, and positive earnings contribute to the upbeat sentiment. Meanwhile, Wall Street ends positively, supported by strong economic data, but rising Treasury yields may affect expectations of a gradual economic slowdown. Market movements hinge on data and central bank decisions, shaping the landscape for investors worldwide.

Market In Focus For Today – Nasdaq 100

The Nasdaq 100 achieves a new record high in a rebound fuelled by the technology sector.

TECHNICAL OVERVIEW:

Moving Average s:

Exponential:

  • MA 5: 17096.98 | Positive Crossover | Bullish
  • MA 20 : 16961.84 | Positive Crossover | Bullish
  • MA 50: 16840.81 | Positive Crossover | Bullish

Simple:

  • MA 5: 17066.07 | Positive Crossover | Bullish
  • MA 20 : 16961.22| Positive Crossover | Bullish
  • MA 50: 16840.34 | Positive Crossover | Bullish

RSI (Relative Strength Index) : 69.35**|** Buy Zone| Bullish

Stochastic Oscillator: 100| Buy Zone | Positive

Resistance And Support Levels:

  • R1: 17224.28 **| R2:**17587.17
  • S1: 16989.46| S2: 16434.45

Overall Sentiment: Bullish | Market Direction: Buy

Trade Suggestion: Limit Buy : 17021.48 | Take Profit: 17395.05| Stop Loss: 16765.33.

S&P 500:

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2

Daily Index Analysis – DOW soars, S&P 500 breaks records, FTSE defies storm.

Introduction:

After Wall Street’s record-setting rally, Asian markets displayed varied performances on Monday. The Shanghai composite declined by 2.68%, while Japan’s Nikkei 225 rose by 1.62%. In Europe, shares mirrored the positive trend, with DAX futures up 0.48%, CAC 40 futures rising 0.49%, and UK 100 futures gaining 0.15%. The S&P 500 in the U.S. reached a two-year closing high on Friday, propelled by optimism in artificial intelligence and a surge in chipmakers and major tech stocks. Attention now shifts to the European Central Bank (ECB).

Market In Focus For Today – DOW JONES

Bullish signals are evident in the Dow Jones Industrial Average (DOW) as it experiences a current surge, surpassing the $37,791.43 level. This breakout suggests a departure from a triple top pattern.

TECHNICAL OVERVIEW:

Moving Average s:

Exponential:

  • MA 5: 37991.98 | Positive Crossover | Bullish
  • MA 20 : 37702.84 | Positive Crossover | Bullish
  • MA 50: 37771.71 | Positive Crossover | Bullish

Simple:

  • MA 5: 38023.05 | Positive Crossover | Bullish
  • MA 20 : 37702.22| Positive Crossover | Bullish
  • MA 50: 37771.34 | Positive Crossover | Bullish

RSI (Relative Strength Index) : 64.98**|** Buy Zone| Bullish

Stochastic Oscillator: 100| Buy Zone | Positive

Resistance And Support Levels:

  • R1: 38154.50 | R2: 38784.03
  • S1: 37362.51| S2: 36672.06

Overall Sentiment: Bullish | Market Direction: Buy

Trade Suggestion: Limit Buy : 37585.89 | Take Profit: 38296.65| Stop Loss: 37139.13.

S&P 500:

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3

Daily Index Analysis – Nasdaq, S&P 500 bullish, DAX cautious, Euro STOXX defies.

Introduction:

Global markets witness diverse movements: Asian stocks rise on hopes of a Chinese rescue package, with the Shanghai Composite up 1.80%. European markets show improvement driven by positive Eurozone PMI data. In the U.S., indices display mixed performance as investors await major earnings reports, contributing to the S&P 500 reaching a new record high on Tuesday.

Market In Focus For Today – Nasdaq 100

Nasdaq-100 futures experience an increase following a surge in Netflix subscribers.

TECHNICAL OVERVIEW:

1024×345 81.5 KB

Moving Average s:

Exponential:

  • MA 5: 17569.54 | Positive Crossover | Bullish
  • MA 20 : 17248.83 | Positive Crossover | Bullish
  • MA 50: 16941.36 | Positive Crossover | Bullish

Simple:

  • MA 5: 17553.05 | Positive Crossover | Bullish
  • MA 20 : 17248.02| Positive Crossover | Bullish
  • MA 50: 16941.31 | Positive Crossover | Bullish

RSI (Relative Strength Index) : 77.07**|** Buy Zone| Bullish

Stochastic Oscillator: 92.05| Buy Zone | Positive

Resistance And Support Levels:

  • R1: 17664.95 | R2: 18114.72
  • S1: 17154.40| S2: 16643.84

Overall Sentiment: Bullish | Market Direction: Buy

Trade Suggestion: Limit Buy: 17190.86 | Take Profit: 17664.95| Stop Loss: 16886.96.

S&P 500:

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4

Weekly Index Analysis – Nasdaq’s ride, S&P records, trade insights.

Introduction:

Asian stocks are poised for a weekly gain, with attention focused on the upcoming US inflation test. The Shanghai composite has risen by 0.14%. Across the region, the Singapore MSCI is up 0.76% at 279.55. European equities have reached a two-year peak, driven by positive economic indicators and strong earnings reports. On Wall Street, there is an uptrend fueled by robust GDP data. The strong start to the year for the US stock market faces a significant challenge next week, with a busy schedule featuring major tech earnings, the Federal Reserve’s monetary policy meeting, and the eagerly awaited employment report.

Market In Focus For The Next Week – Nasdaq 100

Nasdaq 100 futures experienced a decline on Friday morning following Intel’s issuance of an outlook that failed to meet Wall Street’s expectations.

TECHNICAL OVERVIEW:

1024×345 77.7 KB

Moving Average s:

Exponential:

  • MA 5: 17560.54 | Negative Crossover | Bearish
  • MA 20 : 17462.35 | Positive Crossover | Bullish
  • MA 50: 17066.36 | Positive Crossover | Bullish

Simple:

  • MA 5: 17587.05 | Negative Crossover | Bearish
  • MA 20 : 17462.37| Positive Crossover | Bullish
  • MA 50: 17066.31 | Positive Crossover | Bullish

RSI (Relative Strength Index) : 60.58**|** Buy Zone| Bullish

Stochastic Oscillator: 2.14| Sell Zone **|**Negative

Resistance And Support Levels:

  • R1: 17791.70 | R2: 18176.39
  • S1: 17443.08| S2: 17058.39

Overall Sentiment: Bullish | Market Direction: Buy

Trade Suggestion: Limit Buy: 17226.69 | Take Profit: 17719.57| Stop Loss: 16902.11.

S&P 500:

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5

Daily Index Analysis – Global indices surge, tech leads rebound.

Introduction:

In the global indices landscape, Asian stocks show gains as the US dollar softens amidst considerations of the US interest rate outlook. Notably, the Shanghai Composite, Singapore MSCI, and Nikkei 225 all register positive moves. Meanwhile, European equities rise, despite the UK entering a technical recession. In the US, Wall Street ends on a positive note, primarily boosted by impressive performances from Uber, Lyft, and Nvidia, with the latter surpassing Alphabet in market value.

Market In Focus For Today – Nasdaq 100

The NASDAQ 100 shows signs of recovery in the early hours, as efforts are made to bounce back from the CPI shock experienced in the Tuesday session.

TECHNICAL OVERVIEW:

1024×344 68.4 KB

Moving Average s:

Exponential:

  • MA 5: 17844.62 | Positive Crossover | Bullish
  • MA 20 : 17868.24 | Positive Crossover | Bullish
  • MA 50: 17694.58 | Positive Crossover | Bullish

Simple:

  • MA 5: 17836.52 | Positive Crossover | Bullish
  • MA 20 : 17868.37| Positive Crossover | Bullish
  • MA 50: 17694.55 | Positive Crossover | Bullish

RSI (Relative Strength Index) : 57.22**|** Buy Zone| Buy

Stochastic Oscillator: 46.05| Buy Zone | Positive

Resistance And Support Levels:

  • R1: 18038.95 | R2: 18408.77
  • S1: 17659.89| S2: 17243.85

Overall Sentiment: Bullish | Market Direction: Buy

Trade Suggestion: Limit Buy: 17706.12 | Take Profit: 18112.92| Stop Loss: 17447.25.

S&P 500:

6

Daily Index Analysis – S&P 500 breaks records, cautious markets.

Introduction:

In the global indices market, Asian stocks show little movement amid reduced trading activity due to holidays. Shanghai composite gains 1.28%, Singapore MSCI rises 0.84%, while Hong Kong’s Hang Seng Index dips 0.83%. European stocks edge higher cautiously, with Germany’s DAX and France’s CAC 40 futures up. Meanwhile, U.S. stock futures remain stable after a record-setting week for the S&P 500.

Market In Focus For Today – Dow Jones

Early on Monday, U.S. stock futures remained close to the neutral zone. Dow Jones Industrial Average futures experienced a slight decline of 30 points or 0.1%

TECHNICAL OVERVIEW:

1024×344 62.5 KB

Moving Average s:

Exponential:

  • MA 5: 38730.75 | Negative Crossover | Bearish
  • MA 20 : 38674.15 | Positive Crossover | Bullish
  • MA 50: 38744.51 | Negative Crossover | Bearish

Simple:

  • MA 5: 38763.03 | Positive Crossover | Bullish
  • MA 20 : 38674.62| Positive Crossover | Bullish
  • MA 50: 38745.00 | Positive Crossover | Bullish

RSI (Relative Strength Index) : 56.05**|** Buy Zone| Bullish

Stochastic Oscillator: 32.81| Sell Zone | Negative

Resistance And Support Levels:

  • R1: 38881.95 | R2: 39302.16
  • S1: 38409.22| S2: 37915.47

Overall Sentiment: Bullish | Market Direction: Buy

Trade Suggestion: Limit Buy: 38461.74 | Take Profit: 38881.95| Stop Loss: 38220.12.

S&P 500:

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