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DIA trade ideas

DIA - Wobble TopDiamonds ETF Monthly Chart having a grim start to 2022. Wobble Top with wild price swings over the last five months. Jan 2022 has been the wildest yet. Monthly chart showing a potential bearish engulfing print. With only 1-day left in January will they save it? Even if buyers do come to the rescue on the 31st, indicators point to DIA ultimately going lower in early 2022. And while buyers may appear to be exiting in earnest this month, based upon an entrenched "BTFD" sentiment, my take is the real selling is just beginning. It likely won't take too much more pressure/bad news to start a real rout. The dollar's strength/resiliency combined with JPOW's comments and live market reaction this past week are telling. Expecting at a minimum a quick retest of the recent Jan lows in early Feb, and likely sharply lower into March/April 2022. Long volatility and short just about everything else as the baby will likely be thrown out with the bath water this time. Great Reset Indeed. Not financial advice.
AMEX:DIAShort
by Akksujean
Patience all morning, now DIA putsI bought puts with DIA around 340. On the daily I want you to notice how %K (green) chops around as %D rounds down and back over 20. While %D is below 20, a good time to buy puts for more downside is when %K is over it (especially if stays under 35). Notice in this recent market drop, the green line went over orange yesterday and is back down today. There is more selling likely to come because %D is still below 20. DIA is also very weak if price cannot close over 341. On 30m chart, price has been consolidating sideways. RSI has come up to 50 and is struggling to get over it. There is no bullish divergence yet on RSI so I think DIA may go lower, though divergence may not occur. Stochastic %D looks ready to round back down. On 5m chart, not shown here, DIA is stuck under 200sma and gets hammered down as soon as it tries to go up. In the very short term I am bearish on DIA until I see price get over 341 and the 200ma.
AMEX:DIAShort
by OptionsRising
3
Time to buy calls, Dow Jones will rallyWith volume this high - see chart - and only in the first hour, there is heavy fear selling. Indicators show a bounce will come, so use less capital and hold through the turbulence. In the time it took me to write one line, $DJI went up over 100 points! I say this to stress that your trade value will fluctuate in a volatile market, so manage your capital! The white rectangles show when I noticed the stochastic warning of a drop in the market. The market still has room to correct down, based on my views of the weekly chart. I have linked last week's chart, which is bearish. Any calls I buy today are for short-lived relief rally trades.
AMEX:DIALong
by OptionsRising
5
A simple look at Dow Jones - correction coming?Puts did well this past week, and I am looking at a swing position on DIA to hold for more downside. In my earlier post (linked) I explain why I prefer DIA over SPY options if I want to trade a general market move. If markets bounce then 357-358 and 360-361 are excellent put entry zones, based on daily chart. Today is an inside bar and markets have stalled for now. I am buying a few puts now if DIA moves below the daily 200ma instead of bouncing up.
AMEX:DIAShort
by OptionsRising
Options day trade example. Swing trade entry.When the $DJI was up 200pts this afternoon, I was skeptical it could stay that high so I started looking at DIA. I also have a bearish bias right now on the markets. I prefer options on DIA vs SPY because SPY options are wilder and more volatile. People using gamma and delta strategies make it harder for "simple" long option traders like me. I only trade this index when I have a strong setup. DIA was around 365 and I saw this as a resistance area. I bought weekly 364 puts for a day trade and as I started creating this chart the index dropped fast. I have exited most of my puts and will close the rest today. In general, you should have a consistent set of indicators/signs that you use with success. Then you can spot a good setup quickly. The charts show you what I saw. I am leaning bearish on the daily chart, and RSI supports my idea (reversal under 65 after dip below 33.33). Daily stochastic gave a warning sign (red arrow), so after the strong reversal rally I am looking for price to move below the channel, back to 355. If you use 365 for a swing trade entry and the index continues up to the top of the channel, the stop losses would be between 365.20 and 366, so this is a low-risk options trade. For today's trade I used the 30m and 5m charts. Many traders (me too) get stuck watching price action and forget to sell at identified targets. 362.80-362.50 was my range to exit puts, and I held some for more downside or to exit green before end of day. *** As I post this, 363.50 is also a good swing put entry on 30m chart, but I would use a smaller position and hold through price swings.
AMEX:DIAShort
by OptionsRising
2
DIA DailyThe SPDR Dow Jones Industrial Average ETF Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Dow Jones Industrial Average. The Dow Jones Industrial Average is composed of 30 blue-chip U.S. stocks. The DJIA is the oldest continuous barometer of the U.S. stock market, and the most widely quoted indicator of U.S. stock market activity. The DJIA is a price weighted index of 30 component common stocks
AMEX:DIA
by HotPotatoTrader
Risk Model for the US Stock MarketThe S&P 500 closed 2021 as the top major stock market index. History suggests 2022 could be another strong year for investors. While it ended the day with a minor loss of 0.3%, the S&P 500 closed the year up just shy of 27%, the NASDAQ rallied 21% in 2021 - overall an outstanding performance of the larger indices. Our risk model improved over the last 2 weeks in 2021, but key indicators still suggest an elevated risk for momentum swing traders. Some details: - after the >5% rally in the second half of December, many of the distribution-days over the recent 25 trading period have lost their relevance. The DD-count shows positive. - number of stocks making new 52w lows is still higher than number of stocks making new 52w highs - alarm signal! - number of stocks trading below their 200d MA > number of stocks above their 200d MA - alarm signal! - up/down volumes still below their 50d MA's and below 1 - alarm signal! - the advance decline line significantly improved over the last two weeks and is now trending upwards. This could be a very promising signal as this is a leading indicator. - bulls vs bears is a contrarian indicator which also improved over the last to weeks. Overall, momentum swing traders can be somewhat optimistic going into 2022. For now, risk is still on an elevated level and swing traders should not yet get too aggressive. Take a few smaller pilot positions and if things start working in your own portfolio, start to increase exposure.
AMEX:DIALong
by JS_TechTrading
$DIA — Market Forecast 12/18/21We officially filled the gap on Friday, 12/17, because we had actually bounced off the moving average before we could fully fill it on Tuesday and Wednesday. Gaps on equities will fill about 80% of the time, and then the markets tend to reverse 80% of the time after a gap fills. We have gaps immediately above and below the market right now; I think that we'll see another drop with the continuation of this downside momentum before the possibility of a bounce in an attempt to fill that upside gap — I don’t think it will fill right away, but keep your eyes on it. I have been very accurate with the market forecasts that I send to my clients every weekend, so here are my thoughts on a few of the indices...
AMEX:DIA
by OptionsAddicts