U.S stock market tanked after Israel attacked Iran

The global stock market mostly lower today after the attack and announcement that Iran pullback from Nuclear talk with U.S. All eyes are pointed to the development of situation in the Middle East right now. If the situation worsens, then the stock market could tank further lower. Under the current situation, it might be better to wait for more clarification over the weekend. Will the situation de-escalate and nuclear talk progress? Or will it turn South before next week FOMC meeting?

Dow Jones Industrial Average (INDU)

DJIA index turned lower today as Israel attacked Iran. Despite the bearish movement, we could say the index continue to stick with the daily SMA 200 and not creating big movement. The same as previous analysis, traders are waiting for next week FOMC meeting and the market mostly sideways for now. We might get some direction next week after the interest-rate announcement. On the lower side, 40,000 is the support level to watch.

TJX Companies (TJX)

TJX share prices is in a bullish trend and inside a bullish channel. It is currently trading lower and near the bottom of the channel, also the daily SMA 100. Traders could use the moment to add long positions targeting the top of the channel. The area between daily SMA 100 & 200 is the place to add long positions for now. On the lower side, if the lowest trend line broken, then it is time to exit as the trend might turn bearish.