Stock Market Analysis Jan 8 2019 Tuesday


!שלום ,שנה טובה

It has been a brutal year for the stock market in 2018. With new all time highs and then a massive sell off in December, this leaves many investors in the red. But do we now have a fresh start to the new year?

The first day of trading is very important as it tells us of the likelihood of whether the market may end up in green or red. This is not a conclusive thing but it does help the sentiment if the market starts off with a green day. And that is what we got.

But what are the charts telling us?

I have looked at the charts of the weekly, daily and 60 min of the main indexes. It is indeed a challenging environment for investors and therefore this first half of the year is more suitable for traders. Do take a look at them and study them. A nice rally is happening but we do not know how things will do when it reaches resistance. Until then let us be careful as the main indices reaches resistance area.

Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com

Charts with the investing.com logo are courtesy of Investing.com powered by Trading View

  • If you like this article, consider starting the Stock Market Course. It is free and jam packed with great information for newbies.
  • Want to have updates on the financial markets? Join my Telegram Channel. Dstockmarket.com Channel.
  • Help support this page and press the Facebook Like button below. Thanks!

Recent Articles

  1. Stock Market Analysis Jan 8 2019 Tuesday

    Jan 08, 19 05:35 AM

    Is the market ready for a fresh new start for 2019 and will this be a recovery and start of a new rally. Let's take a look at the charts.

    Read More

  2. Dow Jumps Higher After Trade War Pause, Will Markets Go Even Higher?

    Dec 03, 18 08:16 AM

    With an agreement to pause the trade war, Dow is about to jump 450 points higher, but will this rally sustain and go even higher? Lets take a look at the charts.

    Read More

  3. Bull Run To Year End In US Market? It All Depends On This...

    Nov 29, 18 07:51 AM

    Yesterday we saw a huge big rally 600 ++ points. The question now is this rally sustainable and will we have a beautiful Christmas in the stock market this year. Here are a few things to look out for…

    Read More

  4. Technical Analysis Of KLCI 29 November 2018

    Nov 29, 18 07:35 AM

    This sideways movement in the KLCI is really giving investors and traders a headache. What we are experiencing now is a volatility contraction which is often followed by volatility expansion.

    Read More

  5. Nasdaq Tries To Bottom But Still Faces Selling Pressure Nov 26 2018

    Nov 26, 18 08:52 AM

    As the techs reach an area of long term support, its going to be a choppy ride as the market decides whether support will hold or the downtrend continues...

    Read More

New! Comments

Have your say about what you just read! Leave me a comment in the box below.