Dow Jones (INDU) Underperforms All 8 major Global Equity Indices, 2 Day Up Streak Broken; Bearish Engulfing Pattern Present

Dow Jones Daily Price Recap

Dow Jones entered today at 23650.44 in US dollars, down 2.44% ($592.05) from the day prior. Those trading within the 8 major global equity indices asset class should know that Dow Jones was the worst performer in the class today. Here is a daily price chart of Dow Jones.

Dow Jones Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 6 out of the past 10 days. Price action traders may wish to observe the bearish engulfing pattern that has emerged over the past two trading days; in light of the uptrend on the 14 and 90 day charts this may be particularly noteworthy, as it may signal the uptrend is cooling and ready to reverse.

Overheard on Twitter

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

  • From Lor_blueeyes:

    @Black_is_back5 @BuffaloSuzy @ben_chachi @drumpf_daffy @Wooflepup @PATRIQT_1776 @jdd2169 @SONADORLIVESON @missjulialee @GalifreyToEarth @Lovestr50361283 @NatGrat3 @TomDoubting @DefendDemocraC @simon_r_katz @moralsofmaya @DogsBCool @JDW714 @SlimJimJohn1 @julz_jailed @gigibuddapdx @WalkedAwa @DrtyBrd2020 @lou_bruette @GPoopon @Vickie627 @42Gnome @Thumper5465 @AlgrenQ @MyLakeLady @AntifaRaising @ChiefLizWarren @dinmark2 @delabrooke @HillBeverlyhill @WoolyPlato_2 @TaoOfCats @downrangechaos @greendazed1 @cicidog2 @boodacat2020 @NotMattrellen @ghost_kitty @rainyoldlady @wotrwokr @MrFly187 @Lo_Gannicus @Dawkins76ers @Paula68154 @instinctnaturel 74.2 million children under 18 in the USA. 3% 2.26 million
    2% 1.84 million
    1% 742k 3.2 million teachers 3% 96k
    2% 64k
    1% 32kWho cares right? As long as children are back in school and parents are back at work so the people who play with the Dow Jones can go make money.

  • From _soniashenoy:

    cues positive today
    Market gains for 2nd consecutive week, nifty up 2% last week
    Nifty up 24% from lockdown lows
    Covid growth rate declining in india
    Growth of active cases in last 5 days is 6.6%
    Covid cases now doubling every 11 days which is a +ve
    dow jones up 2% last week

  • From TaterTotTotten:

    Example 1: I have discovered the media mogul, Rupert Murdoch, who has previously owned 21st century fox and News Corp (which owns WSJ and other orgs), and Dow Jones & Co. is married to Mick Jagger’s ex wife. Not sure what to do with this info.

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

Dow Jones Plunges Because We May Never Have A Coronavirus Vaccine

Many warned that we might never have a vaccine for the novel coronavirus….Analysts at Citi warn that this outcome, and the possibility of a second virus wave, is not priced into the current market….The CDC has already warned that there will “definitely” be a second wave of the virus….In the event that we have a very significant second wave of disease in the United States that cause a further shutdown of the economy … that clearly is not priced into the market… The other thing that may not be priced into the market is the fact that this virus may take another 18 to 24 months to really cycle through the globe, and ultimately have a vaccine.