It is already Monday again — a new day of the week which is a perfect day to look into our stock trading plan. It is very important since the world-wide stock market is very volatile lately. We need to check whether it is the time to sell, buy, or hold the stocks. Indeed, it is the time to look into Stock Market Today report. As I have mentioned before, I am a trend trader who highly dependent on the world-wide stock market trend analysis which I share through Stock Market Today article. Yeah, we should know the world-wide stock market since these days, each stock market is globally connected.
It is always wise to take a look how the main world stock market today trends are doing before decide to trade (either buy, sell, or hold) the stocks. Just to recall, knowing the trend is really important for the stocks trader – especially for the retailers. Since retailers do not have enough money to move the stock market, they should follow it to gain optimum result. As far as I know, the only way to follow the market is by following the stock market today’s trend.
Therefore, in each Monday (I try), I will analyze the trend of world-wide stocks market (and share the result at Stock Market Today report) which includes (but not a limited to) DJIA (Dow Jones Industrial Average), NYSE (New York Stocks Exchange), FTSE 100 (Financial Times and The London Stock Exchange), Nikkei 225 (Japan Stocks Exchange), and JKSE (Jakarta Stocks Exchange). Knowing these stock market today’s’ trend can tell us what is happening around and how the local stocks market will move (at least) in the next weekly trading range.
Stock Market Today’s Trend Analysis: DJIA
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As we can see from chart above, the candlestick has penetrated up the entire Moving Average line (20w, 50w, and 100w). It means, from moving average’s point of view, we can say that DJIA is in uptrend (bullish). From the candlestick it self, we can see that the higher low which tell us that DJIA chart is in a way to form the uptrend (bearish). However, it is wise to wait for a higher high to confirm whether the candlestick chart really tells us that the DJIA is in uptrend (bullish).
From MACD, we can see that the gradient bar is positive and the MACD line is in above the signal line. In here, MACD tells us that DJIA is in confirmed uptrend (bullish). From the stochastic, we can see that the %K line is in above of the %D line as well as the Smoothed %D line. It means that the Stochastic tells us that the DJIA is in confirmed uptrend (bullish). However, we need to be careful since the %K line is already in above of the 80% line (already in overbought area).
As conclusion, we have three technical analysis indicators (Moving Average, MACD, and Stochastic) tell us that DJIA has been in uptrend (bullish). So, it is the time to accumulate the DJIA’s stocks member. However, it may be wise to wait the chart to form the new higher high before buy the stocks.
Stock Market Today’s Trend Analysis: NYSE
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As we can see from chart above, the candlestick chart is still in below of the 50w and 100w Moving Average line so considered that, from Moving Average’s point of view, NYSE is still not fully in uptrend even though the price seems increase. Now, let’s see the candlestick chart itself. As we can see, the higher low has been formed so can be told that NYSE is in way to form the uptrend (bullish). However, it is not confirmed yet since the higher high is not yet formed.
From MACD, we can see that the gradient bar is positive and the MACD line is in above of the signal line. In here, MACD tells us that NYSE is in confirmed uptrend (bullish). Now, let’s see the Stochastic Oscillator. As we can see, the %K line is in above of the %D line and Smoothed %D line. It means, from the Stochastic’s point of view, NYSE is in confirmed uptrend (bullish).
As conclusion, there are two technical analysis indicators tell us that NYSE is in uptrend which are MACD and Stochastic. In other hand, the other two (Moving Average and Candlestick chart) has not confirmed that the NYSE is in uptrend (bullish). Indeed the two indicators has been enough to make our decision to buy the NYSE’s stocks member. However, it may be wiser to wait for the candlestick confirmation before buy the stocks.
Stock Market Today’s Trend Analysis: FTSE 100
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As we can see from chart above, the candlestick chart is still in below of 50w and 100w Moving Average line. So, in here, from Moving Average’s point of view, we can say that FTSE100 is not fully in uptrend yet. Now, let’s see the candlestick chart itself. We can see that the new higher low has been created. It means that the market seems in uptrend (bullish). However, the new higher high is not created yet, so the uptrend (bullish) is not confirmed.
Let’s see another Technical Analysis Indicator, MACD. As we can see, the MACD’s gradient bar is positive and the MACD line is in above of signal line. It means, from MACD’s point of view, FTSE100 is in confirmed uptrend (bullish). Let’s move to another indicator, Stochastic Oscillator. We can see that the %K line is in above of %D line and Smoothed %D line. It tells us that NYSE is in confirmed uptrend (bullish).
As conclusion, we have two Technical Analysis Indicators (MACD and Stochastic) which confirm the FTSE100 is in uptrend (bullish). In other hand, Moving Average and the Candlestick chart tells us it is not confirmed yet that FTSE100 is in uptrend (bullish). Indeed, MACD and Stochastic is enough to make decision to buy the FTSE100′s stocks member. However, being cautious is always good in stocks trading. Therefore, it will be wiser to wait the new higher high before start to buy the stocks in my opinion.
Stock Market Today’s Trend Analysis: Nikkei 225
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As we can see from chart above, the candlestick chart is in below of the entire Moving Average Lines (20w, 50w, and 100w). This tells us that, from Moving Average’s point of view, Nikkei225 is in confirmed downtrend (bearish). Let’s see the candlestick chart itself. We can see that the new lower low as well as lower high has been created so from candlestick chart’s point of view, Nikkei225 is in confirmed downtrend (bearish).
Now, let’s move to another Technical Analysis Indicator, MACD. We can see that the gradient bar is positive while the MACD line is in below of signal line. It means, from MACD’s point of view, Nikkei225 is in unconfirmed uptrend (bullish). Let’s see another Technical Analysis Indicators, Stochastic Oscillator. We can see that %K line is in above of %D line and Smoothed %D line. In here, Stochastic tells us that Nikkei225 is in confirmed uptrend (bullish).
As conclusion, we have two Technical Analysis Indicators (Moving Average and Candlestick chart) which confirm Nikkei225 is still in downtrend (bearish). In other hand, only one indicator (Stochastic) confirm Nikkei225 is in uptrend (bullish). So, in here, Nikkei225 is surely still in downtrend (bearish). It is suggested to sell or short the Nikkei225′s stocks member.
Stock Market Today’s Trend Analysis: JKSE
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As we can see from chart above, the candlestick chart is still in below 20w Moving Average line. So, even though already in above the 50w and 100w Moving Average line, from Moving Averages point of view’ it is still considered that JKSE is not fully in uptrend (bullish) yet. Also that, if see from the candlestick chart itself, we can see that lower high has been created which is a sign that the market may be in downtrend (bearish) now.
Let’s see another Technical Analysis Indicator, MACD. We can see that the MACD’s gradient bar is positive while the MACD line is in below of signal line. It means that, from MACD’s point of view, JKSE is in unconfirmed uptrend (bullish). Let’s move to another Technical Analysis Indicator, Stochastic Oscillator. We can see that the %K line is in above of %D line and Smoothed %D line so it is considered the market is in confirmed uptrend (bullish).
As conclusion. We have only one indicator that confirms JKSE is in uptrend (bullish) while the other three still have the doubt. So, in here, we need very careful if want to buy the stocks of JKSE. I strongly suggest to only do the short term trading if do not want to stay away fully from JKSE. However, it is worthy to watch the market since there a few signs (from Moving Average and MACD) that the market may reverse.
Have a beneficial stocks trading by utilizing the stock market today’s trend analysis everyone!