NASDAQ Composite (.IXIC) Investors Shrug off Trade War


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NASDAQ Composite (.IXIC) Investors Shrug off Trade War

NASDAQ Composite (.IXIC) Investors Shrug off Trade War

Tuesday’s session closes with the NASDAQ Composite Index at 7,956.11. The total shares traded for the NASDAQ was over 2.3 billion.

Advancers stocks led declining by 1.43 to 1 ratio. There were 1795 advancers and 1257 decliners for the day. On the NASDAQ Stock Exchange 43 stocks reached a 52 week high and 46 those reaching lows totaled.

The NASDAQ 100 index closed up .8% for the day; a total of 59.67 points. The current value is 7,494.4. Tesla, Inc. ( TSLA ) had the largest percent change down (-3.35%) while Netflix, Inc. ( NFLX ) had the largest percent change gain rising 4.94%.

The Dow Jones index closed up .71% for the day; a total of 184.84 points. The current value is 26,246.96. DowDuPont Inc. ( DWDP ) had the largest percent change down (-1.15%) while Nike, Inc. ( NKE ) had the largest percent change gain rising 2.4%.

Overall, the bias in prices is: Upwards.

The projected upper bound is: 8,122.10.

The projected lower bound is: 7,798.11.

The projected closing price is: 7,960.10.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 27 white candles and 23 black candles for a net of 4 white candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 45.3324. This is not an overbought or oversold reading. The last signal was a buy 5 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 51.81. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 10 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -50. This is not a topping or bottoming area. The last signal was a sell 10 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 7 period(s) ago.

Rex Takasugi – TD Profile

NASDAQ COMPOSITE closed up 60.315 at 7,956.107. Volume was 3% above average (neutral) and Bollinger Bands were 26% narrower than normal.

Open High Low Close Volume___
7,903.5677,986.0957,901.0117,956.107 521,295,232

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 7,954.70 7,879.05 7,415.57
Volatility: 14 13 19
Volume: 525,612,896 475,921,472 515,364,992

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

NASDAQ COMPOSITE is currently 7.3% above its 200-period moving average and is in an upward trend. Volatility is Our volume indicators reflect volume flowing into and out of .IXIC at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on .IXIC and have had this outlook for the last 15 periods.

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