Stock Market Today is a label for my new stock trading method. FYI, during the recent “minor” crash of the worldwide stock market, I have improved my stock trading system for the better profit certainty as well as loss reducing. I improved it in hard way which means I suffer a big loss before the improvement. In other word, the loss during the recent “minor” crash forced me to improve my stocks trading system so can avoid the same loss in future as well as to improve the profit during my venture in stock market.
If you have read this stock market today blog for a long time, you must know that I was heavy depended on Simple Fundamental Analysis, Candlestick Patterns, Stochastic, and Volume on my stock trading venture. However, it is not enough since I still faced a big loss during the last “minor” crash. Therefore I added a new parameter in my stock trading system. I have decided that I would only do trading when the stock market index is in up trend (bullish).
Therefore, from today, I will present the trend analysis of the stock market around the world which I call as the Stocks Market Today. For today, I analyze the trends of DJIA (Dow Jones Industrial), NYSE (New York Stocks Exchange), FTSE 100 (Europe), and JKSE (Jakarta Stocks Exchange). I use weekly chart to analyze the stock market today trend. My reason is that weekly chart has long enough time frame to get the reliable stock analysis data as well as it is not too long range to make trading decision.
Stock Market Today’s Trend Analysis: DJIA
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As we can see from chart above, DJIA has penetrated the entire Moving Average (MA 20w, MA 50w, and MA 100w) which means from Moving Average’s point of view, DJIA is in up trend (bullish). From the candlestick chart, we can see that there is a new higher high so can be considered that DJIA is in up trend (bullish). However, for more certainty, we can wait for higher low before decide.
From MACD, we can see that the gradient has been positive for four weeks. Also that, MACD line has crossed up the signal line. This means that MACD tells us DJIA is in confirmed up trend (bullish). From Stochastic, we can see that the %K line is in above of %D and Smoothed %D line which means DJIA is in up trend (bullish). So, in here, the entire used Technical Analysis (TA) Indicators tell us that DJIA is in up trend.
Stock Market Today’s Trend Analysis: NYSE
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From chart above, we can see that NYSE have penetrated two Moving Average (MA 20w and MA 100w) but MA 50w acts as resistance in here. Therefore, from Moving Average point of view, NYSE is not fully in up trend (bullish) yet. From candlestick chart, we can see that there is a new higher high but not yet higher low. It can be considered that NYSE has been in up trend (bullish) but for more certainty, it is wise to wait for higher low.
From MACD, there are positive gradient which formed in five weeks. Also that, the MACD line has crossed up the Signal line. In here, MACD tells us that NYSE is in confirmed up trend (bullish). From Stochastic, we can see that the %K line is in above of %D and Smoothed %D line which means that NYSE is in up trend (bullish). In here, three Technical Analysis (TA) Indicators tell us that NYSE is in up trend (bullish). The Indicators are Candlestick chart, MACD, and Stochastic.
Stock Market Today’s Trend Analysis: FTSE
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In chart above, we can see that FTSE 100 have penetrated two Moving Average (MA 20w and MA 100w). In here, we cannot confirm the FTSE 100 is in up trend (bullish) since the MA 50w is not penetrated yet. It can be said that the 50w acts as resistance and if penetrated, it can be said that FTSE 100 is confirmed in up trend. In other hand, the candlestick has formed a higher high so can be considered that FTSE 100 is in up trend (bullish) – for more certainty, wait for a higher low.
From MACD, we can see that the positive gradient has formed for 5 weeks and the MACD line has crossed up the Signal line. This tells us that FTSE 100 is in confirmed up trend (bullish). From Stochastic, we can see that the %K line is in above of %D and Smoothed %D line. It means FTSE 100 is in up trend (bullish) based on Stochastic point of view. In here, three indicators (Candlestick chart, MACD, and Stochastic) tell us that FTSE 100 is in up trend (bullish).
Stock Market Today’s Trend Analysis: JKSE
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From the chart above, we can see that the entire Moving Average (MA 20w, MA 50w, MA 100w) has been penetrated. Therefore from Moving Average’s point of view, JKSE (IDX) is currently in up trend (bullish). From the candlestick chart, we can see that the higher high and higher low has been formed. It means the candlestick chart tells us JKSE (IDX) is in confirmed up trend (bullish). However we may need to wait whether the candlestick will be more long in above of MA 20w for more certainty.
From MACD, we can see that the gradient is positive for these three weeks but the MACD line is still in below of Signal line. It means that JKSE (IDX) has started in up trend (bullish) mode but not yet fully confirmed. From Stochastic, we can see that the %K line is in above of %D line and Smoothed %D line. It means JKSE (IDX) is currently in up trend (bullish). In conclusion, JKSE (IDX) has been in its way to form the up trend (bullish) but it will be need further confirmation to make sure whether it is a real uptrend.
Have a great stocks trading day by utilizing the stock market today data everyone!