DOW JONES - Will history repeat?Since April 6, 2020, the Dow Jones Industrial Average includes 30 companies
Which company from this list will be the strongest in the next 54 years?
3M Co. (NYSE: MMM) (industrial conglomerate)
American Express Co. (NYSE: AXP) (credit services)
Apple Inc. (NASDAQ: AAPL) (Electronics)
Boeing Co., The (NYSE: BA) (aircraft and defense)
Caterpillar, Inc. (NYSE: CAT) (agricultural and construction equipment)
Chevron Corp. (NYSE: CVX) (petroleum industry)
Cisco Systems (NASDAQ: CSCO) (Telecommunications)
Coca-Cola Co. (NYSE: KO) (drinks)
Dow, Inc. (NYSE: DOW) (chemical industry)
Exxon Mobil Corp. (NYSE: XOM) (oil and gas company)
The Goldman Sachs Group, Inc. (NYSE: GS) (finance)
Home Depot, Inc. (NYSE: HD) (building supplies stores)
International Business Machines Corp. (NYSE: IBM) (computing)
Intel Corp. (NASDAQ: INTC) (semiconductors)
Johnson & Johnson Inc. (NYSE: JNJ) (chemistry, pharmaceuticals)
JPMorgan Chase and Co. (NYSE: JPM) (financial group)
McDonald’s Corp. (NYSE: MCD) (fast food restaurants)
Merck & Co., Inc. (NYSE: MRK) (pharmaceuticals)
Microsoft Corp. (NASDAQ: MSFT) (software)
Nike Inc. (NYSE: NKE) (clothing)
Pfizer, Inc. (NYSE: PFE) (pharmaceuticals)
Procter & Gamble Co. (NYSE: PG) (household chemicals)
Travelers (NYSE: TRV) (financial services)
UnitedHealth Group Inc (NYSE: UNH) (Healthcare)
Raytheon Technologies (NYSE: RTX) (industrial conglomerate)
Verizon Communications (NYSE: VZ) (telecommunications)
Visa, Inc. (NYSE: V) (finance)
Walmart, Inc. (NYSE: WMT) (distribution network)
Walgreens Boots Alliance, Inc. (NYSE: WBA) (pharmacies)
Walt Disney Co., The (NYSE: DIS) (entertainment industry)
Dowjonesindustrial
DOW SUPPLY AND DEMAND (UPDATE 2!!)27133 met too, wait for pullbacks and asses fundamentals if you do not have good positions priced in already.
Back to all time highs soon. Thank you Fed.
Is the Dow Jones 🐂 Ready to Rumble? | DOW JONES MINI FUTURES ($🐮 The DOW (DJI, DIA, YM1!, UDOW, etc) is rallying based on recent strength shown by key players like Disney, the banks, Boeing, Exxon, etc. Looking at Dow Jones Mini Futures (YM1!) we can see a new clear bull trend forming... but we also see a clear-as-day support level to be tested to help confirm this rally. Perhaps the shift out of the NASDAQ's COVID hedge plays and into DOW darlings causes a correction in all markets, perhaps bank stocks run up against resistance and need to cool down. Whatever spurs on the retest of support, so be it. The plan here is simple regardless, we are aiming to buy support and catch a ride on the post-COVID bull.
Resource: www.investors.com + www.fool.com + www.cnbc.com
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1. Fractal Trend is showing an uptrend (Aqua colored bars) on the 4-hour timeframe. This is the first notable confirmation of an uptrend on YM1! and is indicative of the recent strength in DOW holdings.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua colored lines) and/or bullish S/R levels plotted by Directional Bias (Aqua colored lines).
3. The goal here is to take a long position at the S1 S/R flip since that has been a major price pivot point during the COVID correction.
4. Our stop loss is placed just below S1, with the logic being that S1 will hold.
5. Our target is the R2 highs formed during a dead cat bounce back in March.
6. If S1 doesn't hold, then S2 offers another support level, although the current bullish bias on the DOW would be lost at that point.
Good luck bulls!
DJI Running on hopium of a new VaccineDouble top on the Dow, has failed thus far to reach the 61.8 retracement level in hopes of the market making a recovery, According to the wall street cheat sheet id say we are between the "Complacency and the Anxiety" stage, Its just a dead cat bounce IMO, Although some restrictions are slowly easing in some country's, the world is in turmoil, the recession as we know it we are only at the tip of the ice berg, Sell-offs that we have seen in March will make the next wave look like a hiccup, The Dow is running on hopes of a Corona Vaccine that will hopefully make the world into a better place again and things will go back to normal, The vaccine is still in testing stages which could make it 12+ months until its ready to go. This recession will make "The Great Depression" look like a speed-hump, Just wait until the Q2 data comes out, There will be millions more that have filled for unemployment. Oh no thats ok tho, The fed have the money printers working over time, = Inflation, watch global currencies die out
"We are in a recession and there is a global pandemic happening at the same time" The world is not going back to normal anytime soon.
US Markets Maintain Gravity Defying Despite Current World EventsSimilar write up to last week much remains the same until S&P and Dow Break previous highs (S&P above 2900 / DJI above 24600)
S&P: If P action in the next week closes below the orange line at 2723.3 attention will turn more bearish and watch for market to fall to 2460.2. In this instance will reassess market dynamics as it may bounce in this range or continue to fall
Dow: The same flows for Dow Jones with P action in the next week close below the orange line at 22931.5 attention will turn more bearish and watch for market to fall to 20842.4. In this instance will reassess market dynamics as it may bounce in this range or continue to fall
If markets stay above these initial levels for the next 3 months (i’ll be surprised) however this will look like economies are back in order from COVID-19 and running ‘normal economics’
(Print source set to close)
Dow Jones Looking Bearish (Chart Signals)The Dow Jones Industrial Average Index (DJI) is also looking bearish.
This chart tends to look very similar, almost the same, as the SPX (S&P 500 Index).
The signals coming from this chart goes as follow:
1) Decreasing trading volume.
2) Lower high.
3) Bounce completed.
4) Drop below EMA10 and EMA50.
5) MACD bearish cross while trending lower.
6) RSI broke below 50 while trending lower.
All these are pointing to a drop.
If prices move back up the purple line, there can be another attempt at resistance before more low.
Right now the chart is looking bearish and value can continue to drop.
S&P 500 Index Falling Wedge Broken, Time To Drop? (Chart Signals)
Thanks a lot for reading.
Namaste.
Dow Jones Looking Bearish (Chart Signals)The Dow Jones Industrial Average Index (DJI) is also looking bearish.
This chart tends to look very similar, almost the same, as the SPX (S&P 500 Index).
The signals coming from this chart goes as follow:
1) Decreasing trading volume.
2) Lower high.
3) Bounce completed.
4) Drop below EMA10 and EMA50.
5) MACD bearish cross while trending lower.
6) RSI broke below 50 while trending lower.
All these are pointing to a drop.
If prices move back up the purple line, there can be another attempt at resistance before more low.
Right now the chart is looking bearish and value can continue to drop.
S&P 500 Index Falling Wedge Broken, Time To Drop? (Chart Signals)
Thanks a lot for reading.
Namaste.
#DJI.. SELL IN MAY AND RUN AWAY!.. I think that there will be a long-term correction wave in the global markets on a macro scale, and it is getting closer.. Markets will become very interesting in the coming years, we will wait and see..
For DJI, the structure I expressed in the chart is very important and should be watched carefully.. I firmly believe that, we will observe wedge pattern in the chart of many markets in the big correction wave..
What I wrote is about strong possibilities that most investors and analysts do not express or expect.. Please do your own due diligence when it comes to trading.. Invest at your own risk..
I wish you all the best..
Update $US30 $Dowjonesin the last analysis We fell into the correction trap, specially with the fake crash Trap, But we stressed that the entry areas are between 24100 -- 24150, Due the high risks in the US stock market over the past week.
In my own view I think that the price is trying to change the orientation specially that the correction Plan a third, both in terms of time and price.
I think the price now hit the targets (the previous support level and the current evaluation) 24000 mainly and directly, and breaking the resistance means confirming the correction and targeting the level of 24900, then if it will be breached, personally I expect that we will see a new top of 25500.
Also a very important point, today the May candle opened, on the monthly calendar the price always moves near Moving Average 200, that's mean it's have to hit 25500 at least and make a new top
Is It Time For The Recovery? Or More Down Side? (DJI)Their is a lot to study here.
Ever since our initial breakout we have not seen a retest on the breakout to test for a support.
Each impulse has decreased roughly by 7% each push back up.
The last wave was a 7% impulse as we reach the level of Resistance.
The decrease in buy percentage could represent a correction to come.
24815 is key break level for upside continuation.
If it did fail to breakout out I'd look to play a bounce off the downward breakout level to see if we can find support.
Total we have 5 waves up to current level. Could be end of a wave cycle.
I know that these times have impacted many lives and ultimately I just wish it would fly back up and the world can go back to work.
Very critical area for the stockmarket around these levels.
Enjoy.
US30, Fifth Wave Completion, ABC Reversal begins (Time to Short)Hey guys, check this shit out...
The five wave Elliott cycle has pretty much come to an end (nice divergence can be seen by the fifth wave climbing while the RSI shows an overbought situation with consecutively descending peaks) which is also confirmed by a zone of possible resistance coinciding with the same zone evident on the 10th of March 2020. In this case my prediction is that a nice reversal is due (as illustrated by the ghost feed I've drawn on my short box) with a first take profit targeting the 0.382 retracement on Fibonacci and a possible second take profit at the 0.618 Fib zone (the first take profit leaves us with a R/R ratio of roughly 1:3.
Let's get this bread guys and feel free to leave any comments! :)
Dow- 25k should be soldFrom an economical perspective, Dow has no place at 25k...
From a technical perspective, 25k is the confluence of Fibo 61% and horizontal resistance and it should be sold
SL must be kept wide to avoid spikes and aberrations and as target 20k should be a soft one
Dow Jones : Long up to 25 300 ? (Elliott's Waves)After today's situation, I came to the conclusion that we are in a 5th wave that can lead up to 25 300, AS LONG AS IT DOESN'T GET TRUNCATED
25 300 would match a 0.618 retracement of the big drop to 18 200
If we reach 25 300 and then move back down, it might mean that we would start the 3rd wave (3 out of 5) which would go lower than the first wave (at 18 200).
I might go long if we break the 3rd wave high, and then if we hit target of 25 300, all SHORT !