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22.05.2019 \u2013 Special report.<\/strong> The indecision on the US stock exchange has been palpable over the past few days. The chart technique is visible proof of this: Wall Street, with all its important indices, is trapped in no man’s land between the moving 50-day average and the 200-day line. The indices won’t remain there forever – soon it’ll be hopping or topping.<\/p>\n One step forward, one step back – global trade is waiting for a clear announcement in the various crises. The decisive topics were and are the customs dispute between China and the USA as well as the boiling up of the Iran crisis with potentially violent effects on the global oil market. According to a survey by Reuters\/Ipsos, 51 percent of Americans expect a military conflict in the coming years. This is eight percentage points more than in a similar survey in June. Enough sugar in the tank to make the stock market engine stutter.<\/p>\n As a result, both S&P 500, Nasdaq 100 and Nasdaq Composite have slipped below the 50-day line in past sessions. And here all indices on the daily candle chart hang above the 200-day line, which acts like a magnet on prices from below. Most of all, the high-tech indices are still defending themselves against the downward pull.<\/p>\n The Dow Jones Industrial showed the least resistance to the pull: Earlier than the other indices, it entered the region between day and night.<\/p>\n The index has now relatively clearly marked the 50-day line as the upper resistance, from below the 200-day line serves as support. What does that tell us? Clearly, investors in the old economy are far more risk averse than colleagues who invest in high-tech. No wonder, they are more dependent than others on solving political crises. Keywords are tariffs, fair trade, booming domestic economy.<\/p>\n This raises the question of how things could continue. Sometimes the indicators leave the terrain of the undecided quite unspectacularly with a sideways movement. But sometimes not – a big bang and a fall into bear territory is the second variation. A loud cry of joy and an outburst upwards into the bull region is the third possibility. The Bernstein Bank wishes you every success with your trades!<\/p>\n Important Notes on This Publication: <\/strong><\/p>\n The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":" 22.05.2019 \u2013 Special report. The indecision on the US stock exchange has been palpable over the past few days. The chart technique is visible proof of this: Wall Street,…<\/p>\n","protected":false},"author":37,"featured_media":12525,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-12529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nNo crisis clarification in sight<\/strong><\/h2>\n
Caught between 50 and 200-day line<\/strong><\/h2>\n
![\"\"](\"\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/05\/US100Daily.png\")
<\/p>\nParticularly strong skepticism in Dow Jones<\/strong><\/h2>\n
![\"\"](\"\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/05\/US30Daily.png\")
<\/p>\nSideways step, joy fireworks or crash<\/strong><\/h2>\n
\nSo be sure to keep an eye on the regular market updates on your trading system in the coming days. And even more attentively than before. A decision on the American stock exchange and in global trading is in the offing. There are enough topics that trigger either a buying frenzy or a bear market.<\/p>\n