U.S. equities remain volatile as announcements regarding the Sino-American trade dispute continue to be made. The Dow Jones nevertheless maintains an annual advance of 13%.
For the past month, the scores have been rather negative with an index decline of 1.8%. Defensive stocks have also been sought by investors, such as Coca Cola, which gained 5.5% over the same reference period. Home Depot achieved the same path with a gain of 5.4% and WalMart with 4.8%.
On the other hand, and in the direction of the market, Cisco is losing 13% as a result of reduced guidance. IBM, on the other hand, is dropping 9%, due to the absorption of Red Hat, which will weigh on this year's profits
Graphically, in daily data, prices oscillate in a horizontal trend bounded by the top at 26,540 points and by a low zone at 25,480 points. This lateralisation of prices is carried out within a consolidation framework after the peak test at 27,300 points. A bearish exit seems most likely at this stage of the configuration, paving the way for a new bearish target of 24,800 points.