As I mentioned before, I have changed my stock trading strategy after the last strong down trend (bearish) of worldwide stock market. I share this new strategy via article’s label “Stock Market Today“. This new stock trading strategy is to follow the market trends – the weekly market trends exactly – until its end. So far, this stock market today strategy is better than before. By using the “follow the market trends” strategy, the gain significantly increases while the loss significantly decreases. It is so true that market is always right and stock trading is all about the stock market trends.
OK, it is enough about the opening and let’s discuss the core business – the stock market today ‘s trend analysis. For today, let’s analyze the trends of Dow Jones Industrial Average (DJIA), New York Stocks Exchange (NYSE), Financial Times and the London Stock Exchange (FTSE), and Jakarta Stocks Exchange (JKSE). As usual, I use candlestick chart, moving average, MACD, and Stochastic to detect the trends
Stock Market Today’s Trend Analysis: DJIA
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From chart above, we can see that the DJIA candlestick chart is still in above of the entire Moving Average (20w, 50w, and 100w) so can be considered that DJIA is still in the up trend (bullish) for this week. As from the candlestick chart it self, we can see that the higher low is formed so it is still considered in up trend (bullish) even there is a solid black candlestick in the last week.
As I mentioned before, we needed to waited for the higher low for more certainty that the market is in confirmed up trend, and now, the waited higher low is here. However, still we need to wait since the low may be deeper this week. OK, let’s continue. From MACD, we can see the gradient is still positive and the MACD line is also still in above the signal line. It means DJIA is still in up trend (bullish) from MACD point of view.
From Stochastice, we can see that the %K line is still in above of %D line and Smoothed %D line which means that Stochastic sees that DJIA is still in up trend (Bullish). So in here, we have the Moving Average, Candlestick Chart, MACD, and Stochastic tell us that the DJIA’s members are still in up trend (bullish).
Stock Market Today’s Trend Analysis: NYSE
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As we can see from chart above, the NYSE candlestick chart is still in below 50w Moving Average so it cannot tell that the NYSE is fully in up trend (bullish) even though the chart is still in above of the 20w and 100w Moving Average. From the candlestick itself, the waited higher low is there which confirms the market is in up trend (bullish).
However, for more certainty, I suggest we need to wait whether it is the real higher low or there will be the deeper low in next week (which may form lower low). From MACD, we can see that the gradient is still positive and the MACD line is still in above the signal line. It means the MACD says that the NYSE’s members is still in up trend (bullish).
From Stochastic, we can see that the %K line is still in above of the %D line and Smoothed %D line which means that the NYSE is still in up trend (bearish) from Stochastic point of view. So, in here, we have the confirmed up trends (bullish) by Candlestick chart, MACD, and Stochastic but there are also two careful warning from Moving Average and Candlestick Chart.
Stock Market Today’s Trend Analysis: FTSE 100
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From chart above, we can see that FTSE 100′s candlestick chart has down penetrated the 100w Moving Average. So, for now, the candlestick chart is in below 50w and 100w Moving Average. It means FTSE is in down trend (bearish) from the Moving Average’s point of view. From the candlestick chart it self, we can see that the higher lower has been formed.
So from candlestick chart’s point of view, it is considered that FTSE is in confirmed up trend (bearish). However, still, we need to wait whether it is a true low or there will be the deeper low in the next trading range. From MACD, we can see that the gradient is still positive and the MACD line is still in above of the signal line. It means MACD says the market is still in up trend (bullish).
From Stochastic, we can see that the %K line has crossed down the %D line but still in above of the Smoothed %D. This condition tells us that Stochastic says NYSE’s members has started in down trend (bearish) mode. So, in here, the Moving Average and Stochastic say that NYSE is in down trends while candlestick chart says NYSE in up trend (bullish) with doubt and MACD says the Market is still in confirmed up trend (bullish).
Stock Market Today’s Trend Analysis: JKSE
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From chart above, we can see that the candlestick chart has down penetrated the 20w Moving Average which means that now, the JKSE is not fully in up trend (bullish) from Moving Average’s point of view. It will be worst if the 50w will also be penetrated in next trading range. From the candlestick chart it self, the higher low is formed.
So, from candlestick chart’s point of view, the market is in confirmed up trend (bullish) but still, we need to wait whether it is a true low or there will be the deeper low. From MACD, we can see the gradient is still positive but the MACD line is still in below of the signal line. It means MACD says that the JKSE is not yet confirmed as up trend (bullish).
From Stochastic, the %K line is still in above the %D line and Smoothed %D line. It means Stochastic tells us that JKSE’s members is still in up trend (bullish) mode. So, in here, the Moving Average gives us the warning that the JKSE may be in a way to become down trend (bearish) mode. The candlestick chart says that the market is in confirmed up trend (bullish) but with a doubt. The MACD says the market is in non confirmed up trend (bullish) mode. Stochastic says the market is in confirmed up trend.
Have a profitable stocks trading by utilizing stock market today’s trend everyone!