Last week, the market was still the same with the week before. There were not much changing. That’s the main reason why I did not publish the Stock Market Today article in last week. Beside that, I was a little busy. However, in this week, it seems mostly of the stock market’s trend have been changed. Therefore here I am, write another report of Stock Market Today report. As trend trader, it is very important to keep up with the current stocks market trend around the world so can make a good decision.
Also that, the current trend changing is important to prove whether my stock market today’s trend based trading strategy has been firm to handle my stock trading venture. For your information, my stock market today’s trend based stock trading strategy is that I will be in long (buy) position as long as the trend are still in up trend (bullish) and directly in short (sell) when the market is detected in down trend (bearish). I am using several technical analysis (TA) indicators to detect the market trends such as Candlesticks Patterns, Moving Average, MACD, and Stochastic.
However, please be notified that I use MACD – the MACD gradient exactly – as my prime tool to detect the current Stock Market Trend. OK, enough for the background, let’s discuss about the current world-wide Stock Market Trend which includes 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).
Stock Market Today’s Trend Analysis: DJIA
Click for The Larger Image
As from chart above, we can see that the candlestick has penetrated the 50w Moving Average so it is considered the DJIA already leave the up trend (bullish) mode. Also that, there is a lower high which is a bad signal that the market is in its way to form the down trend (bearish). By this two technical analysis (TA) indicators, we should be very cautious to watch the market and ready to sell our stocks. However, it will be wise to wait for the lower low to confirm whether the market is really in down trend (bearish) already.
From MACD, we can see that the gradient is negative while the MACD line is still in above of signal line. It means that the market is in unconfirmed down trend. It will be fully confirmed if the MACD line has crossed down the signal line. From Stochastic, the %K line has penetrated both of %D line and Smoothed %D line which means that the market has been confirmed in down trend (bearish).
As conclusion, it may be better to sell the DJIA’s stocks now since there is high possibility that the market is in its way to be down trend (bearish). We can always buy the stocks buck if it is proven otherwise in the next week.
Stock Market Today’s Trend Analysis: NYSE
Click for The Larger Image
As from chart above, we can see that the candlestick chart has penetrated the 20w Moving Average as well as the Moving Average 100w. It means the entire Moving Average (20w, 50w, and 100w) has been penetrated. Therefore the NYSE has confirmed in down trend (bearish). However, there is no solid lower high and lower low from candlestick chart yet so it may be wise to wait before sell the NYSE’s stocks entirely.
From MACD, the gradient is negative while the MACD line is still in above the signal line. It tells us that the NYSE Market is in unconfirmed down trend (bearish). It will be fully confirmed if the MACD line has crossed down the signal line. From Stochastic, we can see that the %K line has penetrated both of %D and smoothed %D line. So, from Stochastic point of view, the market has been confirmed in down trend (bearish).
As conclusion, it may be better to sell the NYSE’s stocks since the Technical Analysis (TA) Indicators tells us that the market is likely in down trend (bearish). In this situation, it is always better to stay away from the market and have enough cash in our hand.
Stock Market Today’s Trend Analysis: FTSE 100
Click for The Larger Image
As from chart above, we can see the candlestick chart has penetrated the 20w Moving Average which means the entire Moving Average (20w, 50w, 100w) has been penetrated. The FTSE 100 is surely in down trend (bearish) from Moving Average point of view. Also that, the candlestick chart has formed the lower high as well as the lower low. So, it has been confirmed that the market is really in down trend (bearish). It is the time to sell the entire FTSE 100′s stocks.
From MACD, the gradient is negative while the MACD line is still in above of the signal line. It means the market is in unconfirmed down trend (bearish). It will be fully confirmed if the MACD line has penetrated the signal line. From Stochastic, we can see that the %K line has penetrated both of %D and Smoothed %D line which means the market is in confirmed down trend (bearish). So, in here, the entire indicators tell us that FTSE 100 is in down trend (bearish).
As conclusion, it is strongly suggested to sell the FTSE 100′s stocks since the market is in down trend (bearish). We should have the cash in our hands and wait for the reversal signal in future – hope the reversal signals will be soon in the chart.
Stock Market Today’s Trend Analysis: Nikkei 225
Click for The Larger Image
As we can see from chart above, the candlestick chart is completely in below of the entire Moving Average (20w, 50w, and 100w). It means that Nikkei 225 is fully in strong up trend (down trend). Also that, we can see that the candlestick continuously forms the new lower low which means the stocks price is still continuing to down. It is the best to stay away from Nikkei 225′s stocks member for now.
From MACD, we can see the gradient is negative and the MACD line is in below the signal line. It means that the market is in confirmed down trend (bearish). So, from MACD point of view, we must not have the Nikkei 225′s stocks or if want to have, we should short it. From Stochastic, the %K line is far in below %D and Smoothed %D line which tells us that the market is in strong down trend (bearish).
As conclusion, Nikkei 225 is in strong down trend (bearish) so we must stay away from it. If allow, it is suggested to short he Nikkei 225. That’s the only way if still want to make money from it.
Stock Market Today’s Trend Analysis: JKSE
Click for The Larger Image
As we can see from chart above, the candlestick chart has penetrated the 20w Moving Average which means the JKSE is not fully in up trend from Moving Average’s point of view. However, it is still a minor signal since the 20w Moving Average is still in above other Moving Average. As from the candlestick itself, there is no lower low nor lower high so we can conclude that the market is still in up trend (bullish).
From MACD, the gradient is positive but the MACD line is in below of signal line. It tells us that the JKSE is in unconfirmed up trend (bullish). It will be fully confirmed if the MACD line has crossed up the signal line. From Stochastic, we can see that the %K is in above of %D line and Smoothed %D line. It tells us that the market is still in up trend (bullish). In here, we have four Technical Analysis (TA) indicators which tells us JKSE is still in up trend (bullish).
As conclusion, it is still worth to have or buy the JKSE’s stocks – still good to do “let profit run” strategy since it is confirmed the market is in uptrend (bullish). However, we still need to keep our eyes on the JKSE movement and always ready to sell the stocks if the trend reverses in the next week.
Have a profitable stocks trading by utilizing the stock market today data everyone!