Market brushing off the new covid-19 daily record case?

The U.S stock market seems to disregard the development of new coronavirus cases and continue moving higher yesterday. Today, the index futures slightly lower before the opening bell but we might see another bullish pressure as yesterday.

Technologies sectors expected to continually outperform the market and target a higher level. Today, the market will observe the unemployment claims data. The data expected to report 1375k claims last week.

Asian & European Stock market

The Asian stock market continues higher today. Japan stock market up 90.64 points (+0.40%) to 22,529.29, China stock market up 47.15 points (+1.39%) to 3,450.59 and Australia ASX 200 up 35.20 points (+0.59%) to 5,955.50. The European stock market cautiously higher. DAX Germany up 1.05%, FTSE UK down 0.65%, Euro STOXX 600 up 0.19%

Technical Analysis

Dow Jones Industrial Average (INDU)

The overall situation of the DJIA index continues traded inside between the daily SMA 100 & 200. At the current time, the index sticks near the daily SMA 200 and expected to bounce lower from it. DJIA futures currently lower nearly 100 points and might indicate lower opening today.

Stanley Black & Decker Inc (SWK)

SWK share prices look trading inside a triangle pattern and pressuring to the upside. The share prices also testing the daily SMA 200. No bullish breakout confirmation yet. Traders will monitor the share price movement. It might continue to stick near the SMA 200 and the top trendline.

Short positions could be considered when there is a major bearish reaction.