Stimulus progress boost the market

U.S stock market futures mostly higher before the opening bell as traders and investors hopefull on the stimulus discussion. On Wednesday session, there is no deal on the stimulus aid. However, more talk will continue this week. Today, the sentiment also boosted as unemployment claims numbers come out at 837k vs. 850k expectation.

Although recovery looks slow, there is progress and it might depend on the stimulus deal.

Asian & European Stock market

The Asian stock market mostly higher today. Japan stock market halted trading due to tecnical issue, China stock market down 6.31 points (-0.20%) to 3,218.05 and Australia ASX 200 up 57.00 points (+0.98%) to 5,872.90. European stock market also rising. DAX Germany down 0.13%, UK FTSE up 0.16%, and Euro Stoxx600 up 0.38%.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index made bullish close above the daily SMA 50. The index set to challenge 28,000 handle and might continue upward to test 29,000 also 30,000. At the current time, DJIA futures higher 200 points. The current sentiment mostly influenced by stimulus discussion. If there is no stimulus agreed then we might major bearish reversal on the daily chart.

Docusign Inc (DOCU)

DOCU share prices long-term trend is bullish. At the current time, the share prices seem to consolidate between $190.00 – $230.00 area. As long as the share prices trading inside the area, traders could take long positions when the share prices trading near the bottom of the range.