Dow Jones Index is set to bouncePositive closing of the day will increase the divergence between the RSI index and the price. At the moment, the index DJI adds to the Premarket. Closing of the day in with growth will allow to talk about exhaustion of the downward impulse and can precede a substantial reversal in the direction to the growth. Besides this there are a few things that allow us to remain optimistic about the stock markets, at least for a while. The “Fear Index” VIX has been fluctuating around 20, for over a month now. The new wave of declining markets, instigated on November 09, has not affected the fear of market participants. The stability of gold prices illustrates the same. Since early October, the gold’s price fluctuations mirror the dynamics of the dollar. Yesterday’s market decline occurred amid the weakening of gold. The Chinese yuan retains its strength, showing increase since the beginning of the day, which in turn allows us to talk about a partial drawdown of the market, in which some assets have been declining but others have retained their strength.Longby AlexKuptsikevich6
$DIA LONG IDEALOOKING FOR A PULLBACK TO GET LONG FOR A TRADE. WILL BE FLEXIBLE WITH LEVELS ABOVE AND BELOW LEVELS ARE AREAS TO POTENTIALLY ADD OR TAKE PROFIT DEPENDING ON PRICE ACTION NOT LOOKING TO GO HUGE ON A MONDAY DON'T BE AN IDIOTLongby trademics1
DIA index is bouncing back from MA and trend line -> BuyHi Traders! AMEX:DIA index is bouncing back from MA and trend line on the daily chart. RSI and Stoch RSI are in oversold area. Price closed above the 200 Moving Average and ascending trend line. Still on uptrend with recent correction. => good long opportunity If you think this analysis is useful and you want to receive new updates about this idea, leave your comment or your LIKE! Thank you for your support and may the markets be with you! Longby paintekUpdated 111
What so much FEAR about LOW VIX readings???Let's be objective here: Low VIX, or volatility, is not a sign in itself of immediate bear markets. Let's look at the last 10+ years of VIX data to find patterns that would suggest trouble ahead. What we see instead is that the last two periods of extended LOW VOLATILITY READINGS were during choppy to rising periods of the stock market. No market runs on just one indicator and VIX is just one tool amongst many. What I see is going on is that people are selling call options to generate income and to cut back a little bit of risk. This is a sign that people are nervous, not bullish. When people are extremely bullish, they "buy calls" and they "sell puts". But they are selling calls and buying puts, which is the opposite of bearish. Tim 9:30AM EST January 30, 2017 Longby timwestUpdated 6634
Short targets for DIAI actually forgot DIA having posted setups for SPY QQQ and IWM already. Same scenario with DIA. First target is at next Trend Factor at 240.17 Final target area is the red box. Good luck trading guys!Shortby kidzeUpdated 4
Bearish Channel on DIABearish channel on DIA Dow Jones Industrial ETF) from October 17 and broken on October 30by MiguelNunezo2
channelwe can play this channel opening short positions (going with the main trend) and closing when the price touches the bottom line and also by opening long positions being a bit more riskier. the channel will be invalidated as soon as the price breaks one of the two lines by a close candle not the shadows. by juanclover91
Impatiently waiting DJIA Once it break this triangle, big moves, one way or the other.by lightningfreekUpdated 6
Short DIA has reached Point C of the Cypher patterDIA has reached Point C of the Cypher patter, going down to 0.786 retracement to complete pattern with point DShortby isralh92Updated 1
Be prepared for a reboundAfter a big drop of the DOW, a rebound is very likely to happen. There is clearly a bullish divergence present. Also remind that it's almost halloween which is bullish for the market.Longby Crypto_Analytics112
$DIA - One mans trash is another mans treasure. You know, unfortunately, components of the DOW haven't been as gracious of performers as $SPY or $QQQ has been. Last time I posted on $DIA - I thought it was on clearance. Not that I was wrong, but it was more like the chore of cutting coupons before getting any type of deal. Just recently, with $BA, I had the chart & play in mind back from September before the breakout. An 8% move from there was on point enough to not complain, but the weakness behind it stood out enough not to get greedy. Same with $HD right after it hit ATH's. The persistent buyers will argue about earnings - when in reality, I think DJI movers are the ones that'll see their margins get hit. There's a fucking Christ load of tech movers that aren't even profitable? Not that their margins will get hit, but some people have no idea or sense to realize that the company's interest expense is growing at a faster rate than their net income (if they have any) - but analysts don't hesitate to upgrade a tech mover ($CRM, $NFLX, $SQ, for example). If rates are what everyone's worried about - some people are still so complacently bullish that they wana "buy the banks!" Yet, they haven't come to the realization financials like $C, $GS, $WFC, are underperforming emerging markets + China's $GXC ETF. The next rush to Gold ($RGLD, $ABX, $NEM) could be coming soon. & I don't wana sound like a perma bear either - but there's a lot of answers I had to find that even the real perms-bears don't / can't answer. The market is in more of the same debt crisis we've been in since 2013 (except w/ rates actually increasing) than a "bubble" like 2008 or 2001. Moral of the story - shopping in the clearance section doesn't mean you're actually getting a deal. But that $BA chart - Shortby DerekD_Updated 221
DOW fractal repeat of 2008? let's see how markets fan out over next 6-9 months and whether this is indeed the beginning of larger consolidation and correction... keeping an eye on weekly chart time frame and note both bearish divergences in dotted lines.by DropDead_Fed5
DOW Exhausted.Seems like the volume on the last bull push was exhausted. Should see 260 soon! Then lower! Coming from the same guy talking about AMD going from 3$ to $20 by 2020. The same week I picked out NVDA at 27 a share! Gut has treated me right.... Shortby lightningfreekUpdated 2
Scalper - DIA - 15m chart - Oct 18, 2018Based on my proprietary indicator (in testing mode): Long Entry on green arrow Exit on red arrow or stop loss or target hit Short Vice versaLongby akhawar2
DIA - Short on the 15 minuteI noticed candles unable to break through resistance for several candles (wedge structure), plus double top compared to yesterdays (oct 18) chart. All markets trending down so I decided to take advantage here. $256.39 first target would be 50% fib retracement. Final target of $255. I bought at $257.70 with a stop loss @ 258.03 so 33 cent risk to gain $1.31 if I make my first target. Confirmation: stoichastics turning downwards.Shortby KAS1091
DIA even the short term trend positive yetIt was one horrible week and the DIA held out the best. Despite the DIA loosing momentum the trend is till in tact. If we see a bounce the DIA should lead. So far DIA only gave back OCT inventory. Despite the carnage this week, DIA is up for the quarter. Trends are in tact and this should be a bounce point.Longby GUMBY9662C1