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Japan Nikkei support & resistance forecast

World Stock market Watch :- Japan Nikkei Index support & resistance
Patel (1/5/2009 12:32:12 AM)

World Stock market Japan Nikkei forecast on the base of technical analysis, news and global events analysis considering that you can plan your Stock Market day trading, swing trading or investment strategy. Last week Japan Nikkei given a upside breakout and Rate of change (ROC) given a buy signal. Only the negative is Stockhastic in over bought zone. Short term Stock market looks turn positive and its ready to hit 9521 resistance. Any down move need to hold 8440 support.

Last week Japan Nikkei given a double top upside breakout and close above 50 Day moving average and started to curving up side and also hold a up channel trend line and again Rate of change (ROC) given a buy signal that shows some positive development in chart only the negative is Stockhastic in over bought zone. For this week 8440 is a important support, any failure of this support Japan Nikkei can go up to 7924, any down move need to hold 7924 support you can enter long here with 50 point stop loss and for upside 9380 is a important resistance If Japan Nikkei cross above 9056 you can enter long with 20 point stop loss and target 9380/9521. Above 9380 our next strong resistance are 9521 above this 11615 is a strong resistance. At this stage for any position keep tight stop loss, this is a key factor to do successful day trading, swing trading, Stock trading, Stock investing in Stock market.

Day trader need to heap eye on strong Support | resistance because once it clear out Stock market goes up to next strong support | resistance. So for Stock trading you can go long or short after market clear out strong support | resistance or you can do reverse means buy at strong support and sell at strong resistance.

Stocks Slide After Deadly Virus Migrates to U.S.: Markets Wrap
(Tue, 21 Jan 2020 21:02:35 +0000)
(Bloomberg) -- U.S. equities fell on reports that a deadly respiratory illness that originated in China had migrated to the U.S., spurring concern about the potential economic impact.Industrial and consumer shares were among the worst performers as the S&P 500 Index pulled back from a record. That followed retreats in Asia and Europe, with Hong Kong the hardest hit. Luxury stocks posted their biggest drop since October on worries the virus will disrupt spending during a key Chinese holiday period. Banks declined after UBS Group AG missed profitability targets; Boeing slumped on speculation its 737 Max jet wouldn’t be cleared to fly until mid-year.The risk-off mood helped support some traditional haven assets, and the yen and Treasuries advanced.Read more: China Virus Concern Hammers Asian Stock SentimentThe emergence of the illness in China -- and concerns it will now spread outside the country -- stirred memories of the SARS outbreak 17 years ago for some market watchers, though it isn’t yet as serious. The developments provided an excuse for investors who bid up U.S. stocks to record highs last week to take a pause and assess the outlook for global growth and corporate profits as earnings season picks up.“History tells us that most of these situations can be contained,” said Sameer Samana, senior global market strategist for Wells Fargo Investment Institute. “What we would watch for is does it become a big enough issue that it actually starts to change consumer behavior?”Elsewhere, Germany’s DAX Index briefly surpassed the peak reached two years ago. The Stoxx Europe 600 Index posted a second day of losses. The Bank of Japan kept policy unchanged as expected, though raised its economic growth forecast for 2020. Crude held below $60 a barrel as ample global supplies offset the loss of exports from Libya.Here are some events to watch out for this week:Companies including IBM, Procter & Gamble and Hyundai will post results.Policy decisions are due from central banks in Canada, Indonesia and the euro zone.The World Economic Forum, the annual gathering of global leaders in politics, business and culture, is underway in Davos, Switzerland.These are the main moves in markets:StocksThe S&P 500 Index fell 0.3% at the close of trading in New York.The Stoxx Europe 600 Index sank 0.1%.The MSCI Asia Pacific Index fell 1.2%.CurrenciesThe Bloomberg Dollar Spot Index rose 0.1%.The euro slipped 0.1% to $1.1088.The British pound gained 0.3% to $1.3045.The Japanese yen climbed 0.3% to 109.81 per dollar.BondsThe yield on 10-year Treasuries dipped five basis points to 1.77%.Germany’s 10-year yield fell three basis points to -0.25%.Britain’s 10-year yield fell two basis points to 0.63%.CommoditiesWest Texas Intermediate crude slumped 0.3% to $58.34 a barrel.Gold fell 0.1% to $1,558.62 an ounce.\--With assistance from Livia Yap, Eric Lam, Ranjeetha Pakiam, Cormac Mullen, Todd White, Sam Potter and Claire Ballentine.To contact the reporter on this story: Sarah Ponczek in New York at sponczek2@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at, Brendan WalshFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Avoid these 12 deadly sins when saving for retirement
(Tue, 21 Jan 2020 17:33:00 +0000)
Want to improve your investment results? The deadly sins below are not only among the most serious financial transgressions, but also they’re among the most common. Pride: Thinking you can beat the market by picking individual stocks, selecting actively managed funds or timing the market.
Delta Air Lines Stock, Carnival Are Dropping as China Virus Fears Drag on the Dow
(Tue, 21 Jan 2020 13:19:00 +0000)
The International Monetary Fund trimmed its outlook for global growth. And Davos—the global financial fete—is under way in Switzerland. But it is the coronavirus in Asia that has stocks moving.
Escalating Coronavirus Outbreak Pressures Asian Indexes; Hong Kong Tumbles on Moody’s Downgrade
(Tue, 21 Jan 2020 10:43:12 +0000)
Stocks in Hong Kong led losses regionally among major Asian markets on Tuesday after ratings agency Moody’s cut its rating for the city to Aa3 from Aa2 on Monday.
Asia markets slide as concerns over coronavirus take hold
(Tue, 21 Jan 2020 07:16:00 +0000)
The Bank of Japan kept its policy unchanged on Tuesday and said it expects the government’s fiscal stimulus to help the economy grow slightly faster than previously projected.

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