TECHNICAL ANALYSIS REPORT – 22 JULY 2022
WALL STREET RALLY DUE TO HEAVY WEIGHT GROWTH STOCKS & TESLAAsia-Pacific stocks were mostly up on Friday morning. The Shanghai Composite is down 0.59% at 3,252.89. Overall, the Singapore MSCI is up 1.52% at 296.75. Over in Hong Kong, the Hang Seng Index is up 0.08% at 20,591. In Japan, the Nikkei 225 is up 0.40% at 27,890.00, while the Topix index is up 0.28% at 1957.50. South Korea’s Kospi is down 0.66% at 2,393.14. Australia S&P/ASX 200 down 0.04% at 6791.50.
Top News of the Day:
Wall Street’s main indexes rose on Thursday boosted by a late-afternoon rally and gains in heavyweight growth stocks, including Tesla (NASDAQ:TSLA).
The tech-heavy Nasdaq added 1.4% to lead the gains while the S&P 500 closed at its highest level since June 9. The Dow Jones Industrial Average climbed 0.5%.
Market Summary as per 21/07/2022:
European equities Thursday closing. The DAX futures contract in Germany traded down 0.27% at 13,246.64, CAC 40 futures up 0.27% at 6201.12 and the UK 100 futures contract in the U.K. up 0.09% at 7,270.52.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.51% at 32036.91. The S&P 500 up 0.99% at 3998.94 and the Nasdaq 100 up 1.44% at 12619.41, NYSE closes up 0.63% at 14871.13.
TECHNICAL SUMMARY
GBPUSDTRADE SUGGESTION- SELL AT 1.1961, TAKE PROFIT AT 1.1932 AND STOP LOSS AT 1.1988
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