Support Bands Indictor $DIABoth Support Bands are Green For first time after a few Months
Trend is Clearly transitioning.
Re test the 50WMA or Trend Line.
Be ready.
DIA trade ideas
DIA: Week of Nov 14Hey everyone,
As I said and requested, here is my analysis on the DOW.
The DOW (DIA) and the Russel (IWM) are actually the most bullish looking stocks, at least as far as math and probs are concerned. Lots of bullishness is just being thrown in our faces here.
Let me break down the probabilities by index so you can just see this visually. The chart below shows the probability of the 3 indices (SPY, DIA and IWM) hitting either their first bull target or their first bear target:
So let's recap:
First off, we have a very clear breakout and hold from the qualitative regression downtrend. This is a traditionally bullish happening.
As with SPY, we have hit the second real time monthly bear target and on Friday we hit the first, real time (RTT) monthly high target at 337.79.
The next RTT is 341 followed by the third at 345.
While I was super focused on the numbers and the regression trend, I missed something that may have been obvious had I been paying closer attention:
This seems to, at this for right now, be following through.
Analysis:
So what can we expect next week?
DIA is yet to be put into Python for auto calculation of probs, so I had to do it manually and I forgot how much of a nerd I am. I love writing out math stuff haha. Anyway, our prospective targets are:
Bull:
1. 339.08 (50% prob)
2. 341.66 (6.1% prob)
3. 344.24 (<0.50% prob)
Bear
1.335.29 (38% prob)
2. 331.92 (0.3% prob)
3. 328.55 (<0.3% prob)
Technicals:
Unlike with SPY, Buyers have remain consistent. DIA is a little bit lower volume that SPY and can really signal a bit better what the buyer/seller sentiment is. So let's take a look at the buyer to seller ratio chart. And let's look at it YTD over the weekly.
And just for fun lets compare buyers to sellers on SPY vs DIA YTD:
Not sure if this is helpful, but I find it interesting haha.
For Monday, the technicals are erring on the bullish side. The targets are as follows:
Bull:
1. 337.51
2. 338.89
3. 340.27
Bear:
1. 336.29
2. 334.68
3. 333.07
So I think that concludes everything.
As always, leave your questions and comments and criticisms below!
Have a great weekend everyone!
DOW - Hits Downtrend Line!The move in the Dow over the last 21 trading days has come to the very top of its downtrend line up 5100 points or 18% since October 13th. Significantly overbought with many components up 30-50% in the same time. Book the profits and don't stick around too long. Happy Trading!
DOW JONES INDUSTRIAL Major Level here! The Dow Jones Industrial Average Indice is seeing a major runup the past few weeks since the beginning of October.
The Dow has seen record gains of 17% since its bottom in Early October.
The Dow is now running into some big-time resistance... That is our focus today to dive in to.
The 30 companies pushing the Dow up may be becoming overbought indicated from RSI and other oscillators.
TrendLine 1
But what we're looking at is the Dow's trendline analysis. We are seeing a Long Time Resistance Line Dating back actually all the way to 2008 guiding as a mean resistance point being touched now again! This marked 'Blue' Line represents that resistance and the Dow is approaching and testing that level now. A Rejection could lead to a selloff, if History Repeats and Dow does not want to head higher at this time.
OPINION : Dow will only break this trendline if looking to really meltup or erase losses and hit All Time Highs. If this is not the case yet, I do not see this breaking upwards at this level.
TrendLine 2
This Trendline has lasted and been intact since the kickoff of the 2022 Bear Market.
We have seen numerous Retests and Rejections of this Resistance Line, and we are now testing this again.
We have YET to break through this barrier, as it guides the market lower & lower.
Again The Dow will need major buying to break thru these levels, as massive resistance is present.
OPINION : Same as above, I can only see a break upwards if buyers really believe Dow is going back to ATH or erase gains in a massive market melt-up
Contrarian to my Writing : This article mainly features idea of a rejection, but one thing that particularly makes me more bullish on Technicals here is that the S&P / NASDAQ have yet hit their own bear market trendlines and this could rally the market up higher to those areas. If this happens, it is likely the Dow follows this movement somewhat, and could see a break above.
Something to keep note of!!!
$DOW JONES INDUSTRIALWe can consider many factors to determine what will be our future direction, but once a trend is developed is more likely to follow than change it.
The support bands suggest that the Trend is changing direction on the weekly chart.
For the time the J Powell decide to pivot, TML will be way gone.
Look for those market leaders the will double in a short time period.
DIADow is looking the best of the 3 main indexes but struggling again with a downward sloping 200 sma. Bearish until it can get above there imo.
DOW JONES kissed the 200 moving averageDOW JONES kissed the 200 moving average and going down
we might see some retracement on dow jones. Lets see
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I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated
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DIA daily bearish hammer at resistance and double bottom targetOrder SELL DIA ARCA Stop 317.58 LMT 317.58 will be automatically canceled at 20230401 01:00:00 EST
DIA daily bearish hammer at resistance and double bottom target expect retest of the neck at least.
DIA daily consolidation after long day candleOrder BUY DIA ARCA Stop 305.35 LMT 305.35 will be automatically canceled at 20230401 01:00:00 EST
DIA daily consolidation after long day candle. I mean, if we clear this local high pivot, we can go retest the trend line.
DIA weekly bearish hammerOrder SELL DIA ARCA Stop 288.66 LMT 288.66 will be automatically canceled at 20230401 01:00:00 EST
DIA weekly bearish hammer stop loss above candle.
Few good pattern potential stocksFew good pattern potential stocks to trade for week of October 24
Boom boom boom
Lets make some money
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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
