Technical Analysis of Stock Markets – US (United States), European and East Asian stock markets are compared below. We used their Weekly Charts as of 08.25.2019: It is important to see whether the prices are above or below the 50-week, 100-week and 200-week exponential moving averages (EMA) to determine the long-term trend status. US stock markets are stronger than the others which are still above the 200-week exponential moving average which is good for the long-term market trend for all. Although the German DAX, French CAC40 and English FTSE100 are all above the 200-week EMA, they are too close to the averages. Japan Nikkei225 is similar to them. But China’s Shanghai Composite which is one of the Emerging Markets is below 200-week EMA. In general these EMA values will work as resistant points if the prices are below them. if the prices are above, they might work as support points if the prices go down.
DJI (Dow Jones Industrial Average Index) Weekly Chart (08.25.2019): It is above the 200-week exponential moving average (EMA) which is good for the long-term market trend. But it is below the 40-week exponential moving average (for two weeks) whose color is orange in our charts. It should not start working as a resistant point. The MACD indicator is still in the positive region which is good. But note that the weekly MACD falls below the trigger line. The long term upward trend continues.
DJI Weekly Chart and 2008 Financial Crisis (08.25.2019): Compare the locations of the prices and the major exponential moving averages during the 2008 Financial Crisis.
NASDAQ Composite Weekly Chart (08.25.2019): It is far above the 200-week exponential moving average (EMA) which is good for the long-term market trend. It is also just above the 40-week exponential moving average show in the chart. It should continue working as a support level. The MACD indicator is still in the positive region which is good. But note that the weekly MACD falls below the trigger line. The long term upward trend continues. Nasdaq looks better compared to DJI
DAX30 Weekly Chart Germany (08.25.2019): It is still above the 200-week exponential moving average (EMA) which is good for the long-term market trend. But the prices are below the 50-week and 100-week exponential moving averages. They will work as resistant points. Also they are too close to each other. There is a death-cross possibility The MACD indicator is still in the positive region which is good. But note that the weekly MACD falls below the trigger line. The long term upward trend continues. DAX does not look as strong as DJI and NASDAQ if we just compare the moving averages and where the prices are.
DAX30 Weekly Chart and 2008 Financial Crisis (08.25.2019): Compare the locations of the prices and the major exponential moving averages during the 2008 Financial Crisis.
CAC40 Weekly Chart France (08.25.2019): It is still above the 100-week and 200-week exponential moving averages (EMA) which is good for the long-term market trend. Also the prices are almost the same with the 50-week exponential moving average. It should continue working as a support point. The MACD indicator is still in the positive region which is good. But note that the weekly MACD falls below the trigger line. The long term upward trend continues. CAC40 looks better than DAX if we just compare the moving averages and where the prices are.
FTSE100 Weekly Chart United Kingdom (08.25.2019): It is right above the 200-week exponential moving average (EMA) which is good for the long-term market trend. But the prices are below the 50-week and 100 week exponential moving averages. They will work as resistant points. Unfortunately, It has been three weeks that the prices were below them. The MACD indicator is still in the positive region which is good. But note that the weekly MACD falls below the trigger line. The long term upward trend continues. DAX does not look as strong as DJI and NASDAQ if we just compare the moving averages and where the prices are.
Nikkei225 Weekly Chart Japan (08.25.2019): It is above the 200-week EMA which is good for the long-term market trend. But the prices are below the 50-week and 100 week exponential moving averages for more than 3 weeks which is not good. They will work as resistant points. The MACD indicator is still in the positive region which is good. But note that the weekly MACD falls below the trigger line. The long term upward trend continues. The chart looks like the European stock market indices (FTSE100 and DAX30 mainly) if we just compare the moving averages and where the prices are.
SSEC Shanghai Composite Weekly Chart China (08.25.2019): It is below all of the major exponential moving averages which are 50-week, 100 week and 200-week which is not good for the long-term market trend. They will work as resistant points. Unfortunately, It has been three weeks that the prices were below them. The MACD indicator is also b in the negative region now which is good. Also the weekly MACD falls below the trigger line. SSEC looks weeker compared to the Europen and US markets.
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