DJIA futures higher 200 points indicating a new all-time high
Easing of fear in the market could be attributed to vaccination progress which shows declining new daily cases and daily death. Traders and investors seem to become braver to enter the market and push the stock market further upward. DJIA index and other U.S major indices are expected to print a new all-time high today.
Traders might want to continue to observe the market development for now.
Asian & European Stock market
The Asian stock market continues higher today. Japan stock market up 383.60 points (+1.28%) to 30,467.75, China stock closed and Australia ASX 200 up 48.40 points (+0.70%) to 6,917.30 . The European stock market mixed. DAX Germany down 0.09%, UK FTSE up 0.12%, and Euro Stoxx600 up 0.03%.
Dow Jones Industrial Average (INDU)
Same situation as yesterday, the DJIA index hanging at the all-time high and might continue to extend its bullish movement to print further all-time high. Traders could only wait for the index to continue its upward movement and start a bearish correction.
FMC Corp (FMC)
FMC share prices are trading lower toward the daily SMA 200. There is no bounce reaction yet from the averages. Traders could see the share prices trading between two trendlines and expected to continue its ranging movement. Traders could use the daily SMA 200 or the bottom trendline to enter long positions.