US 30

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Technical Analysis – US 30 index stands below 50.0% Fibo; bullish correction in progress

Posted on April 24, 2020 at 10:51 am GMT

The US 30 stock index (cash) found strong resistance at the 24,443 level and the 50-day simple moving average (SMA), returning back below the 50.0% Fibonacci retracement level of the downward wave from 29,582.61 to 18,145 at 23,866. Technically, the RSI indicator, holding in positive territory, is moving sideways with weak momentum, while the MACD is standing above the trigger and zero lines but is failing to suggest any directional movement. Further declines may meet support around the 38.2% Fibonacci [..]

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Technical Analysis – US 30 index extends bullish pressure; all-time high at 29,528

Posted on February 6, 2020 at 1:49 pm GMT

The US 30 index is looking strongly bullish after surging above its daily moving averages (MA) on Monday. Prices hit a record high of 29,528 earlier today and the technical indicators are all pointing to further positive momentum in the near term. The stochastics are heading upwards, but the D% line has yet to cross above 80, suggesting plenty of scope for additional upside moves. The RSI has crossed into bullish territory but has yet to approach the 70 overbought [..]

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Technical Analysis – US 30 Index consolidates; remains cautiously positive

Posted on January 22, 2020 at 2:33 pm GMT

The Wall Street 30 stock index’s (cash) positive directional momentum appears to have weakened as it has eased slightly from the new all-time-high of 29,401. The index looks to be a bit flat – something also backed by the Ichimoku lines. Moreover, the short-term oscillators reflect a stall in the positive move, with the MACD declining below its red trigger line in the positive zone, and the RSI falling in bullish territory below its latest trendline. That said, the upward [..]

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Technical Analysis – US 30 index holds bullish bias but strong resistance awaits near all-time high

Posted on January 7, 2020 at 1:42 pm GMT

The US 30 index surpassed the red Tenkan-sen line and is currently trading slightly higher following the rebound on the latest low of 28,340, however, in the very short-term the technical indicators seem to be a bit flat The MACD is hovering near the trigger line above the zero line, while the RSI is slowly moving higher in the daily chart. Jumping above the latest record high of 28,887.25, the index could hit the round number of 29,000 and then the 30,000 [..]

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Daily Market Comment – Brexit the only game in town as markets wait for ECB

Posted on September 9, 2019 at 9:19 am GMT

All eyes on the UK as Boris takes another shot at securing a snap election Dollar little changed after NFP and Powell don’t move the needle – ECB in focus Markets stay in risk-on mood despite soft Chinese trade data Pound cools before another UK Parliament battle Never a dull moment in British politics. After a stormy week that saw the government lose its majority and suffer multiple Brexit defeats in Parliament, investors will keep their gaze locked on another [..]

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Technical Analysis – US 30 index flies at new all-time highs

Posted on July 12, 2019 at 11:47 am GMT

The US 30 index has been in a flying mode over the last couple of days, resting near a fresh all-time high of 27,183.82. The flat momentum in the MACD, which trends above its trigger line, signals that fresh record highs can be achieved but the volatility in the price would weaken. Still, the RSI warns that the market is approaching overbought territory and hence downside corrections cannot be ruled out. Jumping above the latest record high, the index could hit the 161.8% [..]

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Technical Analysis – US 30 index flirts with new record peak

Posted on July 1, 2019 at 12:45 pm GMT

The US 30 stock index is currently challenging June’s peak of 26,907 but the positive momentum in the MACD, which trends above its trigger line, signals that a new record high could be achievable as well in the next few sessions. Still, the RSI warns that the market is approaching overbought territory and hence downside corrections cannot be ruled out. Jumping above the 26,907 resistance level, the bulls would aim to test the uncharted area between 27,000 and 27,500. Otherwise, if the market [..]

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Specter of trade war returns to haunt markets – Special Report

Posted on May 9, 2019 at 2:43 pm GMT

Investor attention has turned back to trade, as the US considers whether to launch another round of tariffs on China early on Friday (04:00 GMT). If tariffs are indeed increased, that would probably send stock markets plunging as investors brace for China’s retaliation, or worse yet for a breakdown in the talks. In the bigger picture though, the most likely endgame is still that a deal will ultimately be reached. After months of optimistic comments from both the US and [..]

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Technical Analysis – US 30 index eases below 6-month high; indicators suggest bearish bias

Posted on May 3, 2019 at 11:13 am GMT

The US 30 index is trading below the six-month high of 26,712, remaining well above the ‘golden cross’ between the 50- and 200-day simple moving averages (SMAs). The index is on the back foot and the technical indicators suggest that the market could ease a little bit in the short-term; the MACD is easing in the positive zone, while the stochastic is approaching the oversold zone. In case of a correction lower, preliminary support may be initially found in the crossroads of the 50-day SMA and the blue [..]

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European Open Preview – Markets climb on trade euphoria; dollar rally revitalized

Posted on February 14, 2019 at 8:54 am GMT

Stock markets grind higher as trade hopes grow, but caution warranted Dollar bulls back in the driver’s seat as core inflation beats forecasts Aussie and kiwi outperforming on Chinese data; focus on trade talks Trade euphoria keeps markets afloat as talks commence, but mind the risks US stock markets continued their march higher yesterday, and futures suggest they are set to open in the green today as well, buoyed by optimism around trade after the US President indicated the talks [..]

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