Dow Jones (INDU) Down 0.07%; in an Uptrend Over Past 14 Days

The Hourly View for INDU

Last Updated October 16, 2020, 00:05 GMT

Currently, INDU’s price is up $52 (0.18%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Dow Jones Daily Price Recap

Dow Jones closed yesterday down 0.07% (20); this denotes the 3rd consecutive day a decline has happened. Out of the 14 instruments in the equity indices asset class, Dow Jones ended up ranking 4th for the day in terms of price change relative to yesterday. Let’s take a look at the daily price chart of Dow Jones.

INDU

Dow Jones Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Dow Jones’s price has gone up 8 of the previous 14 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Dow Jones:

  • From minnesota_fats:

    @muldervinscully @BoredLiberal Or pay your bills, and you live in 500sq ft poverty holes, and you’re being sacrificed to covid to make the DOW Jones go up, but it helps lots of CEOs and Silicon Valley weirdos buy fancy new cars and yachts every year, and you should be happy to sacrifice your lives and families

  • From bicoastalwaves:

    @denning_ben @DetroiterAway @DJKS3 @TheRickWilson Lack of prosperity. The Dow Jones isn’t an indicator of a strong middle class – the fuel behind a strong economy. How’s unemployment doing? How’s the national debt? He promised to fix it. It’s gone up another $3 trillions. The United States will just be another bankruptcy to him.

  • From KHerriage:

    Pelosi is so desperate to beat Trump that she’s holding out on stimulus, regardless of the damage done to the most vulnerable of usShe also knows that a big stimulus deal, like Trumps $1.8 T package, will take the Dow Jones to 30,000 (+5% from here)Dow 30k cements a Trump W