The market indecisive as Covid Delta variant concern

The overall sentiment on the stock market seems flat today. Traders are weighing on previous week’s job data disappointment and increase in delta coronavirus cases this week. DJIA futures currently trading up 16 points which indicates a flat opening.

We might see no major movement or slightly bearish movement in the stock market. Traders and investors are anticipating what the Fed will do this month.

Asian & European Stock market

The Asian stock market is mostly higher. Japan Stock market up 256.25 points (+0.86%) to 29,916.14, China stock market up 54.73 points (+1.51%) to 3,676.59, and Australia ASX 200 up 1.80 points (+0.02%) to 7,530.30. The European stock market is slightly lower. DAX Germany down 0.15%, UK FTSE down 0.25%, Euro STOXX 600 down 0.27%

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index is mostly sideways and maintains the position near-record high. There is no change yet to the analysis as the index might continue building pressure to the upside or start correction toward the daily SMA 50. Traders will continue to maintain bullish views on the stock market and are ready to enter long positions when a bearish correction happens.

Twilio Inc (TWLO)

TWLO share prices seem trading between a cluster of averages and maintain the position above daily SMA 200. If the share prices could bounce from the averages and breakout above SMA 50 then it is set to continue upward and test the previous swing high.