Stock futures mostly flat after the previous day bullish close

DJIA futures currently higher 10 points before the market open. The U.S stock futures mostly flat today as traders and investors waiting for a reaction near the all-time high. Stimulus check is under focus by traders, also the COVID-19 vaccination progress.

The stock market’s next major direction might depend on the development of the stimulus talk and the vaccination result.

Asian & European Stock market

The Asian stock market mostly lower today. Japan stock market down 43.28 points (-0.16%) to 26,763.39, China stock market down 9.98 points (-0.29%) to 3,394.90 and Australia ASX 200 down 81.20 points (-1.20%) to 6,675.50. The European stock market slightly higher. DAX Germany up 0.31%, UK FTSE up 0.17%, and Euro Stoxx600 up 0.06%.

Technical Analysis

Dow Jones Industrial Average (INDU)

The overall trend of the DJIA index is bullish and stick near the 30,000 level. There is no change to the sentiment yet at the current time. Traders and investors will continue to stay positive as vaccine news influenced the market. DJIA’s next direction might wait for the development of the pandemic situation after the vaccination.

Conoco Phillips (COP)

COP share prices have climbed above the daily SMA 200 and tested it. The latest test on the averages resulted in a bounce and COP is testing the level around $45.00. If the share prices started another bearish correction then traders could use the daily SMA 200 as level to enter long positions. On the upside, $50.00 will become the next target level.