U.S futures flat while global stock market gaining

The stock market in the U.S expected to open flat today as the DJIA futures trade up and down near the 0 levels. Meanwhile, stock market in Asia and Europe mostly higher, shrugging the civil unrest in the U.S and hoping for recovery.

President Trump said he will deploy military if states and cities failed to quell the demonstration. As soon as the comment, the U.S stock futures trade lower and might continue lower as demonstration will take place today.

Asian & European Stock market

The Asian stock market closed higher today. Japan stock market up 263.22 points (+1.19%) to 22,325.61, China stock market up 5.97 points (+0.20%) to 2,921.40 and Australia ASX 200 up 15.90 points (+0.27%) to 5,835.10. The European stock market also march higher today. DAX Germany up 3.46%, FTSE UK up 0.87%, Euro STOXX 600 up 1.52%

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA stick near the daily SMA 100 and might continue trade near the level for now. We think the index might continue upward to test the daily SMA 200 before the moment of truth. A rejection from the averages could trigger a long-term bearish trend. On the other hand, a breakout above the averages could lead the index higher.

Canadian National Railways Co (CNI)

CNI share prices currently trade near the daily SMA 200. It is testing the averages and looking to break out above it. Traders will wait for a reaction from the averages for now. If there is a major bearish pattern formed followed by breakout below the trendline then traders could add more short positions.

Jabil Inc Com (JBL)

JBL share prices look moving inside the bullish channel as shown on the chart. The share prices currently trade near the daily SMA 100 and stick near it. On the upside, traders will observe the daily SMA 200. As long as there is no breakout below the bottom of the channel, JBL will continue moving upside in the channel.