Optimism in U.S as virus outlook improved

President Trump said there’s “clear evidence” that coronavirus mitigation is working as the growth of coronavirus new cases stabilized. Optimism also showed by New York governor Andrew Cuomo who said the worst is over if we continue to be smart.

If the virus comes under control then it will be sooner for the market to start recovery.

Asian & European Stock market

The Asian stock market mostly higher today. Japan’s stock market up 595.41 points (+3.13%) to 19,638.81, China stock market up 44.24 (+1.59%) to 2,827.28 and Australia ASX 200 up 100.80 points (+1.87%) to 5,488.10. The European stock market also on the path higher DAX Germany up 1.05%, FTSE UK down 0.52%, Euro STOXX 600 up 0.55%

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA futures slope upside before the opening bell. It could be a sign that the index will start moving higher again today. No change to the index outlook yet, the current upward movement is a corrective movement and might turn bearish anytime.

On the upside, traders will watch 24,237 and the daily SMA 50.

Duke energy corp (DUK)

DUK share prices reached the cluster of averages on the daily chart. There is a bearish reaction from the cluster of averages. If the bear could push the price further lower then traders will expect DUK to resume its bearish trend.