DIA trade ideas
Who Won the Georgia Debate? Roll Herschel! Was it Herschel Walker (R) or Sen. Raphael Warnock (D)
I feel it is important to the market or I would not bring this up.
Maybe I am just a humongous football fan.
Time will tell (o"
Perfect English does not always mean a whole he!! of a lot in the scheme of things? Sometimes the honesty shines through over the perfected speech that is so programmed that it only serves as an instrument to attempt to make you feel dumb.
I am not dumb!
I am not from Ga either but this race means something to me and I am not sure why?
Roll the Tide Herschel Walker (o:
Dow Jones Industrial Average relative strength on the riseThe overall US equity market is still having a hard time stabilizing and catching its footing, however, if we examine the major US indices closer we do notice more and more relative strength coming out of the Dow Jones Industrial Average.
This past week it never took out its September lows, the MACD momentum oscillator continues to climb aggressively, and on Friday we remained in the top 1/3 of Thursday's bullish engulfing bar.
I started a position on Thursday and will keep a tight leash risk managing it going forward. More notes on the chart.
DIA bearish hammer on monthlyWell below POC, nothing in our way till next resistance. Good 1.2 R
Probably wave 5 of downtrend.
DIA daily second bearish hammer in a rowSell Stop 290.66 LMT 290.66 GTC
Buy Limit 277.78 GTC
Buy Stop 297.98 GTC
DIA daily second bearish hammer in a row wave 5 downtrend
DIA daily divergence break of the trend Order BUY DIA ARCA Stop 295.32 LMT 295.32 will be automatically canceled at 20230401 01:00:00 EST
DIA daily divergence break of the downtrend. Take profit Fibonacci 50% retracement. Stop loss under recent low pivot.
Another Crooked M 1.414//Economic Reports Remaining this WeekWide Channel Down/Marubozu Candle with both ends shaven//Price sits above the .382 of the trend up/No recent pocket pivots noted.
No recommendation
WEDNESDAY, OCT. 12
8:30 am Producer price index, final demand Sept. -- -0.1%
2 pm FOMC minutes
THURSDAY, OCT. 13
8:30 am Consumer price index Sept. -- 0.1%
8:30 am Core CPI Sept. -- 0.6%
8:30 am Core CPI (three-month SAAR) Sept. -- 6.5%
8:30 am CPI (year-on-year) Sept. -- 8.3%
8:30 am Core CPI (year-on-year) Sept. -- 6.3%
8:30 am Initial jobless claims Oct. 8 -- N/A
8:30 am Continuing jobless claims Oct. 1 -- N/A
FRIDAY, OCT. 14
8:30 am Retail sales Sept. -- 0.3%
8:30 am Retail sales ex-motor vehicles Sept. -- -0.3%
8:30 am Import price index Sept. -- -1.0%
10 am UMich consumer sentiment index (early) Oct. -- 58.6
10 am UMich 5-year inflation expectations Oct. -- 2.7%
10 am Business inventories Aug. -- 0.9%
DIA - A Clean Long SetupA good bounce from support zone ,I'm expecting bullish engulfing candle in week to give proper confirmation. Target T1& T2 and Stop loss are clearly given in the chart.
Buy near 290-295 SL 282 T1 310 T2 320
DIA Short 22/08/22Asset and Time frame - DIA, Weekly
Entry Price - 330.50
Exit(Stop Loss) -343.69
Exit(Take Profit) - 292.56
Technical Analysis - Price has reached a confluence area, we've got a resistance line of 330.50, we have the 100 Weekly moving average, we have a hammer formation on the weekly chart but without confirmation, and we've got a failed breakout from the down-trending channel.
The market is very uncertain at the moment, a smaller position of 0.75% seems about right for me.
Wishing us the best of luck!
Bearish Shooters Bringing Us into the Next QuarterThe third quarter of 2022 is complete and the $SPY, $QQQ, $DIA, & $IWM are all showing bearish shooter candles.
Because of this, I'll be looking for shorts throughout the market until a reversal shows itself.
DIA bullish hammer end of wave 5 wave 3 downtrendDIA bullish hammer end of wave 5 wave 3 downtrend. Wave 4 of downtrend gotta be quick into Fibonacci 50% retracement.
Order BUY DIA ARCA Stop 295.19 LMT 295.19 will be automatically canceled at 20230101 00:00:00 EST
DIA bullish hammer on daily at supportDIA bullish hammer on daily at support, have to be quick. Stop loss below support, take profit at wave 1 of wave 3 downtrend.
DIA SPY QQQ OversoldOversold and below the bands.
This status can continue for extended amounts of time, but usually not forever.
DIA has just fallen below the .382 of the trend up from the Covid low.
This market will not go straight down just as it did not go straight up.
No recommendation.
The Big Dippers (the buy the dip folks) will come in again eventually. Maybe not tomorrow or the next day. But they will.
I will worry about that tomorrow.
QQQ and SPY are not "as" oversold as DIA. Not sure if that counts for anything
Short for the longer term/possible bounce.
DOW JONES..Support Will it hold?Very important for price to hold the 295 level..otherwise its going to be a problem
New Low and Major Downtrend (DIA)- 370 was the top of the 13-year bull market
- The troubling sign appeared when breaking down the neckline 340 after the head-and-shoudler patten
- Failed to retest 340 on August 15 formed a reversal pattern that is the final warning for a big trouble
- Due to a lack of support down below except 267 (weak support), the major downtrend could reset DIA back to 183, its second support
- It means -50% down for DIA and a total wipe-out of all gains since 2020
DIA daily bearish inside candleDIA daily bearish inside candle all buyers are cleared, great inside candle gap with retest that retested immediately, stop loss above both candles, take profit on bottom of May.
DIA daily naked call sell $7.60 October 7thNice littler bearish hammer on daily. Gotta be quick market is volotile.
DIA TGT..looks like the move dow is overWe await more data ..but the downtrend is over looks like that
