Dow Jones (INDU) Up $71 On 4 Hour Chart, 2 Day Up Streak Broken; in an Uptrend Over Past 30 Days

Dow Jones 4 Hour Price Update

Updated June 25, 2020 03:13 PM GMT (11:13 AM EST)

Dow Jones entered the current 4 hour candle at 25272, up 0.28% ($71) from the previous 4 hours. Out of the 8 instruments in the 8 major global equity indices asset class, Dow Jones ended up ranking 6th for the four-hour candle in terms of price change relative to the previous 4 hours.

Dow Jones Daily Price Recap

The back and forth price flow continues for Dow Jones, which started today off at 25445.94 US dollars, down 2.72% (710.16) from the previous day. Relative to other instruments in the 8 major global equity indices asset class, Dow Jones ranked 5th since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Dow Jones.

Dow Jones Technical Analysis

Notably, Dow Jones crossed below its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 14 days. As for those who trade off of candlesticks, we should note that we’re seeing evening star pattern appearing here.

Overheard on Twitter

Over on Twitter, here were the top tweets about Dow Jones:

  • From Frank_Schaeffer:

    The Dow Jones industrial average fell 709 points or 2.7 percent, as investors saw the huge spike in covid-19 infections and admitted the fact that pretending COVID is over isn’t the same thing as reality. REALITY is that the second wave has started and Trump has lost all control.

  • From katedoak:

    @brianstelter As always, @AnnieLowrey makes some good points. She misses 2 crucial ones however:
    1. US economy was already in trouble. High Dow Jones doesn’t necessarily translate to wages etc..
    2. US needs to get serious about economic reform with allies, in order to boost sustainable growth.

  • From IzabelaKaramia:

    @MalcolmNance There’ll be no discussion. The administration and Republicans have decided to plow forwards with what will be hundreds of thousands dying to try to boost the numbers of Dear Leader’s beloved Dow Jones Index.

For a longer news piece related to INDU that’s been generating discussion, check out:

Dow Jones Futures Rally After Trump Adviser Peter Navarro Says China Trade Deal On| Investor’s Business Daily

Apple stock climbed 1.5% and Microsoft stock 1% before the open, adding to Monday’s gains and giving a boost to stock futures….The Dow Jones Industrial Average rose 0.6% in Monday’s stock market trading….Apple stock rose 2.6% and Microsoft stock 2.8%, both hitting record highs….Fortinet stock was Monday’s IBD Stock Of The Day….IPHI stock has been consolidating for a few weeks, but like Atlassian stock needs a few weeks before it has a proper base….But the stock market rally is going to do what it’s going to do.