DIA NEUTRALThe DOW from a weekly perspective is
still trading inside its trading range and
looks to retest the FEB lows. watching for
a close below that swing low
DIA trade ideas
DIARounded top on dow shows change in momentum from up to down and this needs to have a healthy correction, odds are it will pop back quicker than the needed 10-12% correction but time will tell
Hillary Clinton Making Tax Proposal Speech INFORMATIONAL:
Hillary Clinton Tax Proposals:
1. Change long term capital gains from 1 year to 6 years.
2. 2-3 years holding period would be taxed at ordinary tax rates instead of <1 year now.
3. Reduce capital gains tax on small business or "innovative" new businesses (Who defines "innovative"?)
4. Change carried-interest tax laws which are unfair.
5. Take a HARD LOOK at stock buybacks. Waiting an entire quarter to report buybacks seems too slow, other countries are "next day".
6. Change corporate executive compensation. Too many high payouts when companies and employees are suffering. Execs make 300 x's what employees make, versus 50 x's in the past.
Dow set for a fallChart shows a vertical line at or around 1 Jul of every year since 1998 (DIA: Dow Industrial Average ETF). More often than not, the Dow falls around this time of the year (unless it has already fallen in the last two months). The faster it has risen in the previous period, the harder the fall tends to be. This year the July fall is likely to be the start of a considerable correction, given that the graph has risen to a spectacular height and that rising interest rates are imminent.
Owner of Grok Trade: DIA at resistanceAs much as I hate "Neutral" ideas, It's warranted here. DIA has slammed into resistance. This trendline has served as resistance two previous times. I expect a stall or a drop going into the weekend.
DIA potential bullish swing Nice gap on 3/20/15 candle. Good volume from the FOMC meeting. Call options May or June should be ok.
DIA bull put spreadSpread is below all the daily moving averages, below a strong support, in the direction of the primary, intermediate and minor trends.
US stock market = a bull marketWhenever the market makes a retracement, it is time to buy. This is the way the stock market has been acting for the last years. 'This is an artificial market', "We will repeat 2008", 'P/E ratios are too high' and all that nonsense pushed this market higher and higher.
Oversold readings of Force Index have made perfect entries in this bull market. The arrows pointing at the volume waves are telling the same story. What should have been bearish changes in behavior, were actually large selling efforts without any gains.
The impulse is green again, and at this point, one should look only at the long side of this market.
DIA day tradeA quick short based on the retest gap. Newsome not trading this one because inside day candle on the daily. Expect a bounce as a swing potentially.
DIA grinding inside purple triangleshort , Feb 15 179Put, BTO 2 contr. @4.1
entered @176.4 STOP 177.13
inside purple triangle
target 174.16
DIA: Descending TriangleA weakened RSI, MACD, and Stocahstic point to a bearish formation on the Diamonds. A first target is the 200 day SMA in black.
Market Index Bearish Divergence (Brad Reed Jan8,2015)Bearish divergence on DIA. Prepare for a market pull back.
DIA watch (Brad Reed Jan6,2015)X marks the spot for DIA. Coming into lots of support and likely to bounce. WAIT for bounce to confirm and verify you have a good reward risk ratio before entering.
DIA - Diamonds could be a traders best friendOnly looking for the bullish swings. Preferably this heads back to the trend line/support line between 170-174. Still bullish until proven otherwise. Most of the notes are on the chart. Oscillators are headed lower from being overbought. RSI is headed lower faster than stochastics and MACD. ADX is headed higher agreeing with the downswing. BB aren't really playing a part right now.
Side note, hopefully the stops your in place on all other trades because yesterday was a long day.
Leave a note below. Comments and critiques ARE welcome and appreciated.
DIA (Dow Industrials ETF) falls dramatically todayThe Dow fell dramatically today. I wait to see if it will break through the Support Line before proclaiming (once again) that the Big Dip is commencing.
DOW ETF: Wedge closes; we renew our shortWe shorted too soon (Friday last, 7 Nov) and our Stop-Loss Order took us out. Now we observe the wedge closing, a strong indication that the securiy will plunge at last. We renew our short accordingly, looking for several percentage points of profit, and placing a Trailing Stop at 1% rebound.
DOW ETF: Waiting for GodotWaiting for the DOW parabola to reach its top, we have seen many false tops. Is this another, or is it the real thing?
A short punt on the Dow 30 ETFAfter this week's euphoria, the Dow will surley take a dip. This may become the Big Dip, but a punt on a local dip is in order. A Stop Loss in place in case we are wrong, and a Trailing Stop to anticipate the share pulling out of the dip sooner rather than later.
Dow has rallied nicelyUpdate on the Dow. The Dow has also rallied nicely from its MTPredictor DP support zone that I showed in my last Post.
