U.S-China renewed tension to shadow the market

U.S State Department ordered China to close its consulate in Houston on Wednesday. The news sparked bearish sentiment in the market today. DJIA futures currently down 174 points and might add more bearish pressure. China said there will be retaliation if the decision not reversed.

Meanwhile, coronavirus cases in the U.S continue to increase and might not see an end yet. President Trump warned that the coronavirus pandemic in the U.S will probably get worse before it gets better.

Asian & European Stock market

The Asian stock mostly lower today. Japan stock market down 132.61 points (-0.58%) to 22,751.61, China stock market up 12.27 points (+0.37%) to 3,333.16 and Australia ASX 200 down 81.20 points (-1.32%) to 6,075.10. The European stock market also lower today. DAX Germany down 0.63%, FTSE UK down 1.06%, Euro STOXX 600 down 1.19%

Technical Analysis

Dow Jones Industrial Average (INDU)

The consolidation inside the triangle area still in progress on the DJIA daily chart. No breakout yet and traders will continue waiting until actual breakout to happen. Same as previous day analysis, if the index moves lower then the daily SMA 200 is the support level to watch.

Hilton Worldwide Holding Inc (HLT)

HLT share prices currently undergo a bullish correction. In the previous bullish move, the share prices rejected from the daily SMA 200. The level around $76.00, $80.00, and $90.00 also daily SMA 200 are the levels to watch for a possible reaction. We think the bullish correction might be able to reach the daily SMA 200.