Stock market review August 20, 2019

Will the growth continue?

Nasdaq 100 🇺🇸

The American index of high-tech companies was no exception in demonstrating a change in market forces.

Buffett, among other things, bought several shares of companies such as Amazon, Intel. The stock market guru has proved its competence more than once, therefore these transactions can be considered an indicator for the further development of the medium-term growth wave.

In the case of the American market - to look at individual stocks instead of the index may be the most profitable solution. In any case, the general market sentiment is upward.

Nikkei 225 🇯🇵

The Japanese stock index, like other stock indexes in developed countries, has been under pressure from sellers at the turn of the last two weeks.

But still the market on a global scale remains upward. Buyers slowly return to the stock market and see the decline as an opportunity to buy at a discount.

Today, the market allows you to profitably purchase not only individual stocks, but also composite indices as a whole. The general market sentiment is upward. The downward correction is gradually dying.

FTSE 100 🇬🇧

Since the beginning of August, the value of the instrument has been inexorably decreasing, leaving investors with many questions, as well as spreading panic in the market.

The reasons for the fall are not only fundamental (US and Chinese Trade War + Brexit), but also psychological. In times of political and economic tension, investors tend to look for defensive assets, getting out of risky ones.

Despite the decline, the chart formed a reversal pattern on the daily chart, known as the “double bottom”.

Since the figure is located above the important area of ​​support for this market, the upward scenario looks like the most likely one at a given time.