U.S stock futures narrowing loss before the market open
Rising U.S treasury yield once again pushed the technology sectors lower. Today, the market seems trading with a slightly bearish sentiment. The DJIA futures lower 22 points at the current time which indicates near the flat opening. OPEC meeting and U.S job data will become focus later on this holiday-shortened week.
Asian & European Stock market
The Asian stock market is mostly higher today. Japan stock market up 48.18 points (+0.16%) to 29,432.70, China stock up 21.38 points (+0.62%) to 3,456.68 and Australia ASX 200 down 61.10 points (-0.90%) to 6,738.40 . The European stock market trade on positive side. DAX Germany up 0.71%, UK FTSE up 0.02%, and Euro Stoxx600 up 0.34%.
Dow Jones Industrial Average (INDU)
Another record high printed in the DJIA index. The index continues its slow climb, ignoring all bearish sentiment from the fundamental side. At the current time, traders will let the index continue moving upward and avoid taking short positions in the equity market.
Walt Disney (DIS)
DIS share prices are trading at a crucial level. The share prices are located at the daily SMA 50 and horizontal flip level. In the previous bearish correction, the share prices managed to bounce and continue its bullish movement. If the share prices could maintain the close above the level and bounce from it then traders will expect DIS to continue its uptrend.
Breakout and close below the level will trigger deeper bearish correction toward the SMA 100 & 200.