DJIA complete 23,000 landmark

Dow Jones Industrial Averages reached 23,000 landmarks in the previous trading day, and there is no indication the bull has finished yet. Today, the index futures gained 89 points before market open which suggest more upside on the card. U.S annualized building permits data came out at 1.22 million permits vs. 1.25 million permits expectation. Currently, the market is waiting for U.S crude oil inventory data which expected to shrink 4.7 million barrels.

Asian stock closed higher on Wednesday. Nikkei up 26.93 points (+0.13%) to 21,363.05, Shang Hai Composite up 9.33 points (+0.28%) to 3,381.37, and Australia ASX 200 up 0.86 points (+0.01%) to 5,890.48. European stock market also joined the rally as DAX Germany up 0.56%, FTSE UK up 0.46% and Euro STOXX 600 up 0.37%.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA made a touchdown at 23,000 on Tuesday, and the index closed bullish without rejection. The movement completes the bullish leg toward 23,000. A higher move above this level is fragile and could receive sudden bearish reversal. Traders will observe economic data and company results to decide if this rally will continue.

EBAY Inc (EBAY)

EBAY share prices are worth to watch as the bear currently testing $37.35 support level. This level is potential bullish level if it could hold the selling pressure. Traders could enter a long position on bullish reaction.

Goldman Sachs (GS)

GS produce a bearish engulfing pattern after reported earnings result. The pattern could bring the share prices down to test level around $230.00 where there is daily SMA 200. Traders could look for the long position if the bull could hold position above the daily averages.

L3 Technologies (LLL)

The trend of LLL is bullish and the share prices currently corrected to its daily SMA 50. There is a support trendline present near the averages. If the share prices print a bullish pattern, it is the initial indication the bullish leg will continue.