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Djia

Sector early indicator? No, Consumer Staples, not that much.The Consumer Staples sector - here represented by Procter & Gamble (PG, in pink), Coca Cola (KO, in yellow) and PepsiCo (PEP, in purple) - are mostly not strong early indicators against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... KO & PEP fell from peaks in July 1998, then a period of over six months of weak underperforming prices from Dec 2014, a period of around two and a half months of weak underperforming prices from Aug 2017, then weak underperforming prices for KO & PEP during all of Aug 2018, and a period of around two and a half months of weak underperforming prices from mid Oct 2019.
DJ:DJI
by dartde
Sector early indicator? Telecommunications - not much at all.The Telecommunications sector - here represented by AT&T (T, in teal) and Verizon (VZ, in pink), - does not often clearly act as an early indicator against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... falling from peaks in Jul 1999, then a prolonged period around two years of weak underperforming prices from 2013-2015, and then another prolonged period of around ten months of weak underperforming prices in 2017, and a period of around two months of weak underperforming prices from Nov 2019.
DJ:DJI
by dartde
Sector early indicator? Media sector, only occasionally.The Media sector, a Consumer Discretionary sub-sector - here represented by Disney (DIS, in purple) and Comcast (CMACSA, in blue), - only occasionally act as an early indicator against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... falling from peaks: prior to the end of May 2007, prolonged 5 months of weak underperforming prices in 2017, a month and a half of weak underperforming prices around Nov 2019.
DJ:DJI
by dartde
Sector early indicator? Retail sector - not much (but watch WMT)The general Retail Sector (as opposed to retailing of hardware home improvements by Home Depot and Lowes - studied in an earlier chart) - here represented by the VanEck Vectors Retail ETF (RTH, in green), and the mighty Walmart (WMT, in blue) - only occasionally (more often by WMT) acts as an early indicator against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... falling from peaks... WMT peaking on 29 Dec 1999, WMT falling from a peak in Jun 2007, WMT fading from a peak in Jan 2011, WMT in Jan 2015, WMT in Dec 2019.
DJ:DJI
by dartde
DOW JONES touched the 1D MA50. Time to rebound?Dow Jones is trading within a wide Channel Up on the 1D time-frame since the November U.S. elections break-out. Applying the Fibonacci Channel levels really gives this a better perspective. Yesterday the price hit the 1D MA50 (blue trend-line). As you see every contact within the 1D MA50 since January has been a buy opportunity. So far even when the 1D MA50 breaks slightly, the price never goes below the Ichimoku Cloud. Yesterday we had a hit both on the 1D MA50 and the Ichimoku. I believe that should be enough to initiate a rebound within the current phase of the Channel Up. The question is, will that be like the March 04 rebound which broke above that Channel and took the index to the higher Fibonacci levels? What do you think? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> AngusMcK --------------------------------------------------------------------------------------------------------
TVC:DJILong
by TradingShot
7
DOW JONES Buy SignalPattern: Channel Up on 1D. Signal: Buy as the price hit the 1D MA50 (blue trend-line) and the zone within the 1D MA50 and the 4H MA400 (yellow trend-line) has been a buy opportunity within the Channel Up. Also the previous -5% pull-backs have been buy opportunities, both of which made a bottom within that zone. In addition, the RSI bounced on its Support Zone. Target: 35800 (every such pull-back has rallied +8% to the 1.5 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
CBOT_MINI:YM1!Long
by TradingShot
5
DJIA is my wave count correct ?There is not much to write here if My count of the Elliot waves is correct I would say that 35k up to 38k will bring solid correction. I would expect harmonic pattern of 3 correcting waves if this analyse is correct. Expecting also USD to grow stronger and BTC to go lower than current price. I have not much experience with DJIA index but after what I saw the very low GDP of most of the coutries and huge spike in prices of equites commodities I suspect that the bubble might be hiding somewhere
DJ:DJIShort
by Krystiannwk