U.S stock stay on the bullish track

The U.S stock market continue its bullish trend after the FDA approved the use of convalescent plasma to treat coronavirus. At the current time, DJIA futures up 151 points and indicating a higher opening. Meanwhile, U.S and China currently discussing the implementation of phase one trade deal. Successful implementation might alleviate the pressure between both countries after current clash.

This week, the Fed Jerome Powell speech in Jackson Hole will become the major event to watch.

Asian & European Stock market

The Asian stock market mostly higher. Japan stock market up 311.26 points (+1.35%) to 23,296.77, China stock market down 12.06 points (-0.36%) to 3,373.58 and Australia ASX 200 up 31.80 points (+0.52%) to 6,161.40. The European stock market also traded higher. DAX Germany up 0.62%, FTSE UK up 0.16%, Euro STOXX 600 up  0.43%

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA continues moving bullishly as the index broke above 28,000. The index expected to continue its bullish trend and traders will avoid shorting the equity market for now. It is better to hold long positions in equity or waiting sideline until major bearish reaction happened.

Keurig Dr Pepper Inc (KDP)

KDP share prices traded inside a bullish channel and expected to continue its bullish trend. Traders could enter long positions near the bottom of the channel or near the daily SMA 50. Stop orders could be placed below the daily SMA 200.