U.S stock futures continue to soar on the bullish comeback
The DJIA futures are up 200 points at the current time, continuing the previous day’s bullish bounce after the Monday plunge. The market seems to take a breather and focus on economic recovery. However, analysts still think the stock market will trade with high volatility as traders and investors weighing the inflation risk and the current increasing case of covid globally.
If the rate of covid spread continues to increase then it might derail the recovery scenario and drive the stock market lower.
Asian & European Stock market
The Asian stock market is slightly higher. Japan Stock market up 159.84 points (+0.58%) to 27,548.00, China stock market up 25.87 points (+0.73%) to 3,562.66 and Australia ASX 200 up 56.50 points (+0.78%) to 7,308.70. The European stock market is mostly higher. DAX Germany up 0.92%, UK FTSE up 1.63%, Euro STOXX 600 up 1.28%
Dow Jones Industrial Average (INDU)
DJIA index bounced from the daily SMA 100 and closed above SMA 50 yesterday. The index might have returned to its bullish track after a major sell-off on Monday. As the trend continues to be bullish, traders will expect the index to continue upward and print a new record high.
Activision Blizzard Inc (ATVI)
ATVI share prices continue its bearish correction and reached the daily SMA 200. The share prices currently maintain the level near the averages and looking to bounce from it. Traders could use the averages to enter long positions with SMA 50 & 100 as targets. Above both averages, there is $95.00 and $100.00 handle to watch.