U.S stock market lower as Israel-Iran conflict raging

The global stock market situation mostly under risk-averse sentiment as the conflict in Middle-East continue to escalate. Despite the situation, we could see the U.S. stock market mostly resilient as traders waiting for the FOMC meeting this week. We might get some confirmation in the stock market direction after the FOMC interest-rate announcement. Under current situation, traders will stay cautious and wait at the sideline until the situation get clearer.

Dow Jones Industrial Average (INDU)

DJIA index continue stick near the daily SMA 200 just before this week FOMC meeting. The situation is as expected, and traders better wait until the interest-rate announcement to confirm the next direction. The index could either start a bearish correction toward 40,000, or resume the bullish trend to target a new record high.

Kingstone Companies, Inc (KINS)

KINS share prices is in a bullish trend and after the latest earnings release, the share prices started a bearish correction. At the current time, the share prices is trading near the daily SMA 200 where it might find support and bounce upward. Traders could use the chance to enter long positions with target of new swing high. A breakout and close below $12.85 might become initial confirmation that the bullish trend has changed.