US Stock market Technical Analysis April 5, 2019

Trade talk and job data to influence the market

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DJIA futures pointed upward, signalling higher opening after trade talk. President Donald Trump said both parties making swift progress and might reach a deal four weeks later. Job data will make headline today, traders and analysts expect a rebound after February dismay of 20k job added. Currently, the market expects 172k job added in March. Unemployment expected to hold steady at 3.8%.

Asian & European Stock market

Asian stock market turned higher today. Japan stock market up 82.55 points (+0.38%) to 21,807.50, China Shanghai Composite closed for the day, and Australia ASX 200 down 51.50 points (-0.83%) to 6,181.30. European stock market mixed. DAX Germany down 0.03%, UK FTSE up 0.15%, Euro STOXX600 down 0.01%.

Technical Analysis

Dow Jones Industrial Average (INDU)

US Stock market Technical Analysis April 5, 2019

DJIA advanced in the previous trading session and looks will follow the bullish scenario toward an all-time high. Will it make it? Similar to previous analysis, the index path upward has been opened and the only direction is upward for now. If the bear could push the index lower and close below 26,000 then it will change the overall trend.

Expedia Group Inc (EXPE)

US Stock market Technical Analysis April 5, 2019

EXPE latest trend is bearish as the share prices traded below SMA 200 and follow the bearish trendline. At the current time, the share prices testing the trendline and SMA 200. We will wait for either rejection or breakout from the resistances before placing orders.

Johnson & Johnson (JNJ)

US Stock market Technical Analysis April 5, 2019

JNJ maintained the level above SMA 200 since February breakout. The share prices retreated recently and almost reach the SMA 200. Traders could look for a long position when a test happen and produce a bullish reaction. $140.00 is the target level to watch when bullish bounce happen.

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