Cautious market as trade talks between U.S-China on progress
This week, the high-level trade talks between the U.S and China will commence. The global market is getting cautious as any result could happen out of the trade talk. Not much to expect at the current time, the equity market might slowly lose volatility until the announcement of results.
Traders will stay sideline while monitoring the trade talk development.
Asian & European Stock market
Asian stock market mixed. Japan’s stock market down 34.95 points (-0.16%) to 21,375.25, China stock closed, and Australia ASX 200 up 46.50 points (+0.71%) to 6,563.60. European stock market mostly higher. DAX Germany up 0.54%, UK FTSE up 0.32%, Euro STOXX600 up 0.54%
Dow Jones Industrial Average (INDU)
DJIA bounced from the bottom trendline and daily SMA 200 after tumbled from 27,000 handles. The index has strong upward momentum but it might reverse today as DJIA futures pointed lower 90 points. On the upside, 27,000 handles and the top trendline is the target.
Disney Company (DIS)
DIS share prices retraced all of the gains incurred since this April. The share prices have reached the gap point and near the daily SMA 200. Traders could consider long positions in the share prices as we are nearing the launch of two major titles at the end of years. (Frozen 2 and Star Wars: The rise of skywalkers)
Dunkin Brands (DNKN)
Lower lows on the DNKN daily chart is not a good sign for a bullish trend. However, the share prices soon will reach the daily SMA 200. It is up to the bull to reverse the current bearish trend or let it continue below the averages. If a bounce will happen, it will happen at the averages.