Dow

Written by Chris Beauchamp, Chief Market Analyst at IG Dow still fighting to hold 200-day moving average Recommended by IG Get Your Free Equities Forecast The buyers came riding to the rescue on Monday, causing a bounce from the 200-day simple moving average (SMA). This saw the price rally off its lows and finish the

Major US stock indices are mixed now with the Dow Industrial Average note negative, and the S&P index trading above and below unchanged. The NASDAQ index is holding onto a 0.25% gain. A snapshot of the market currently shows: Dow industrial average -74.68 points or -0.22% at 33995.75 S&P index -0.13 points or unchanged at

Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts ​​​Dow slumps following Fed decision ​The index saw a substantial reversal yesterday and has moved back towards the lows of last week.​The 100-day SMA could now provide some support, but below this,the 34,000 level and the 200-day SMA

Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nikkei 225, CAC 40 Analysis and Charts ​​​Dow holds above trendline support ​After Friday’s slump the index struggled to make much headway on Monday.​The 35,000 level is the barrier to any short-term upside, beyond which the highs of August towards 35,800 loom. For the moment,

Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nikkei 225, Nasdaq 100 Analysis and Charts Dow struggles to push higher ​The index has spent the week trying to break higher, but gains above 34,700 have proven impossible to sustain. ​For the moment, while the buyers have not been able to seize control, sellers

Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, CAC 40 Analysis and Charts ​​​Dow makes further gains ​The index has spent the past three sessions rallying from last week’s low and is now challenging the 50-day SMA from below. ​A close above 35,000 is critical to a renewed bullish view emerging,

Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, CAC 40 Analysis and Charts Dow gives back recent gains ​The index has fallen this week, dropping back below the 50-day SMA and heading towards the 100-day SMA.​It remains above the August lows, but bulls will need a close back above 34,750 to

Article by IG Senior Market Analyst Axel Rudolph Ftse 100, Nasdaq 100, Dow Jones Analysis and Charts ​​​FTSE 100 has broken through its downtrend line ​​The FTSE 100 has now broken through its July-to-August downtrend line, tracking Wall Street higher following weak US job opening data which shows that the US economy may be cooling,

Share: Short Term Elliott Wave view in Dow Futures (YM_F) suggests that cycle from 7.27.2023 high is mature and about to complete soon as 5 waves impulse. Down from 7.27.2023 high, wave ((i)) ended at 35076 and rally in wave ((ii)) ended at 35660. Index extended lower in wave ((iii)) as another impulse

Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, Dow Jones, Nikkei 225 Analysis and Charts ​​​Nasdaq 100 at one-month low ​The pullback continues here, with no sign of a low being formed as yet. ​Having fallen below support at 14,920, the price now targets the June low at 14,688. So far this retracement