DJIA to erase 2020 losses

The DJIA futures are higher by 120 points before the opening bell. DJIA index is set to continue its bullish movement and erase all of the losses incurred in 2020. The index closed previous trading at 28,538.44 and the bull could easily surpass it today.

No reason becoming short in the equity market yet as the Fed agreed to implement Averages inflation targeting. It means the Fed will let the interest-rate near zero for the long-term.

Asian & European Stock market

The Asian stock market mostly lower. Japan stock market down 326.21 points (-1.41%) to 22,882.65, China stock market up 53.69 points (+1.60%) to 3,403.81 and Australia ASX 200 down 52.40 points (-0.86%) to 6,073.80. The European stock market also lower. DAX Germany down 0.21%, FTSE UK down 0.03%, Euro STOXX 600 down 0.25%

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA continues further upward without any bearish sign. Without any change in the direction, the index set to target the all-time high. Today, DJIA futures are up more than 100 points, indicating a higher opening level.

Nantkwest Inc (NK)

NK share prices constantly move lower in a bearish correction. The share prices have moved below the daily SMA 50 & 100. If the share prices manage to reach the daily SMA 200 then traders could prepare to enter long positions.