Dow Jones Daily Price Recap
The end of a 3 day positive run has come for Dow Jones, which finished the previous day down 1.59% ($390.51). On a relative basis, Dow Jones was the worst performer out of all 8 of the assets in the 8 major global equity indices asset class today. Let’s take a look at the daily price chart of Dow Jones.
Dow Jones Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Dow Jones’s price has gone up 5 of the previous 10 trading days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Dow Jones for the past day were:
- From VFTDLV:
So, we get news today that Moderna, a pharmcetucical company working on a COVID vaccine, has had some promising success in Phase 1 trials. This news has driven up the Dow Jones almost 1000 pts. today. Then we find that Moncef Slaoui, the head of Operation Warp Speed has 155,000..
- From cvpayne:
Its early but Dow Jones Industrial futures +400 points. Note, although last week major indices were lower Thursday and Friday exhibited the kind of reserve that triggered the April breakout. Don’t worry the experts & many in media have all morning to try to talk market lower.
- From DiMartinoBooth:
(Dow Jones) The coronavirus’ devastating impact on American travel has made a winner of Apollo Global’s wager that rental-car company Hertz would default on its debt.(PS. Ford sold Hertz in 2005 to a group including Carlyle and Clayton, Dubilier & Rice which buried it in debt.)
For a longer news piece related to INDU that’s been generating discussion, check out:
Options markets – which are ruled by the “smart money” and largely stripped of retail “noise” – are pricing in far more downside risk for the stock market than upside potential….But for all of Wall Street’s raging optimism, today’s stock market surge is the worst kind of rally….That should concern investors because options markets – which are ruled by the “smart money” and largely stripped of retail “noise” – are pricing in far more downside risk for the stock market than upside potential.