Technical analysis indicates that the DJIA has support around the 40,000 level and resistance near 45,000. The index is assessed as technically slightly positive for the medium to long term. Given these mixed signals, investors should exercise caution and consider both fundamental and technical factors when making investment decisions.
As of December 18, 2024, the Nasdaq Composite Index (COMP) closed at 20,078.00, marking an increase of 151.27 points (0.76%) from the previous close
The NASDAQ is showing a bullish outlook with continued upward potential, driven by tech sector performance. Analysts favour long positions in key components like Microsoft, Apple, Amazon
The S&P 500 is currently showing bullish momentum, supported by strong corporate earnings and stabilizing economic conditions. As of today, it is trading at 5,699.98, reflecting significant growth year-to-date. Analysts project further upside due to strong fundamentals, including earnings growth and resilience in consumer spending. Technical analysis indicates the...
Analysts suggest a cautiously optimistic outlook for buying the Dow Jones, focusing on sectors showing resilience, such as technology and healthcare. A bullish case relies on sustained support at key technical levels and easing inflation concerns. It’s vital to monitor Federal Reserve signals, as dovish guidance could provide further momentum. Stay alert for any...
o build long positions effectively in US30 (Dow Jones) after a pullback, it's important to align your strategy with the broader market context and use technical analysis to identify the right entry points. Here’s a more detailed explanation
The Nasdaq has started December strong, continuing its upward momentum from November, driven by a favorable market outlook. Key factors include cooling inflation, expectations of further Federal Reserve rate cuts, and robust earnings growth, particularly in the technology sector. Mega-cap tech stocks, such as Nvidia, Amazon, and Meta, remain leading contributors...
If you're trading today, consider the current consolidation pattern and news impact. Higher times are still in pullback so bit caution here ⚠
The Dow Jones Industrial Average (DJIA) is showing mixed performance today, reflecting recent market sentiment. As of now, there’s cautious optimism among investors due to favorable economic data. However, some components are lagging, particularly in sectors like healthcare and technology, while financial stocks show modest gains.
The Dow jones. has performed well recently but is showing signs of a pullback on higher time frames, such as the weekly and monthly charts. It's wise to allow this pullback to play out and prepare for buying opportunities once it stabilizes.
The Dow Jones Industrial Average (DJIA) is showing resilience today, continuing its positive trend as investors digest economic data and corporate updates. The index remains near its recent highs, reflecting overall market optimism fueled by strong corporate earnings and better-than-expected economic reports. Analysts also note that momentum has been supported by...
the current market conditions for the Dow Jones appear favorable for longs, as the index shows strong upward momentum and resilience near its highs. However, it’s important to manage risks by observing resistance levels and potential profit-taking. Ensure your strategy aligns with these dynamics before committing to any trades
Trend/ momentum /news all on buy side The Dow Jones Industrial Average (DJIA) was facing challenges earlier today, driven by mixed economic data and global market sentiment. Key economic reports pointed to ongoing uncertainty, with investors closely watching for further clarity on interest rate policies and economic trends. The market also seemed to be under...