US Stock market Technical Analysis February 11, 2020

Time for new fresh high?

Free $100 Forex No-Deposit Bonus

The global stock market slightly higher in today’s trading session. Coronavirus news still under focus as the death toll rises again. Impact on the economy might be massive and it will take a long-time to recover even though the virus could be contained.

U.S stock market ready to move higher again today as the futures pointed higher. We might have the DJIA index reach 30,000 in a couple of weeks or months.

Hasbro (NASDAQ: HAS) and Under Armour (NYSE: UAA) set to report earnings before the market open. Lyft (NASDAQ: LYFT) and Western Union (NYSE: WU) set to report earnings after the market close.

Asian & European Stock market

The Asian stock market cautiously higher today. Japan’s stock market closed, China stock market up 11.19 points (+0.39%) to 2,901.67 and Australia ASX 200 up 42.80 points (+0.61%) to 7,055.30. The European stock market traded on the green side. DAX Germany up 0.68%, UK FTSE up 0.62%, Euro STOXX600 up 0.60%

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA closed higher in the previous day trading session and open further upside opportunities. Today, the index futures up 44 points and suggesting further upside. If the index continues the upward movement then traders will expect the index to hit 30,000 psychological numbers soon.

Seagate Technology (STX)

STX share prices are under pressure as it fell from SMA 100. The share prices might continue lower and reach the daily SMA 200 and support level around $52.00. Traders could look for long positions near both support levels when the share prices manage to reach it.

Twitter Inc (TWTR)

Gaps are everywhere in TWTR share prices after two earnings gap. The share prices jumped above SMA 200 and closed the previous earnings gap. However, the share prices are under pressure and might close the latest earnings gap. We expect TWTR to trade between $34.00 – $38.00 while stabilizing its direction after the earnings report.

Copyright © 2021. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.