Dow Jones Daily Price Recap
Dow Jones closed yesterday up 1.91% ($455.43); this denotes the 2nd day in a row an increase has occurred. Relative to other instruments in the 8 major global equity indices asset class, Dow Jones ranked 2nd since yesterday in terms of percentage price change. Here is a daily price chart of Dow Jones.
Dow Jones Technical Analysis
Volatility for Dow Jones has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 30 day timeframe. If you’re looking to trade the primary trend, this may be a good opportunity to sell rallies created by the counter trend. For additional context, note that price has gone up 9 out of the past 14 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Dow Jones:
- From TProphet:
@lizabeth_kb @docstardust @ethanjweiss Politicians want to call you heroes while mowing you all down with covid so the Dow Jones Industrial Average *might* go up a few points. If the IT industry were being asked to do the same thing, we’d very likely shut everything off until politicians decided not to be stupid.
- From cumeatingcunt:
@imonous @riz_ahmed1977 @Lucretia_Lain @ArthurEMeyerIV @JonPC16 @elonmusk @GerberKawasaki @thirdrowtesla It’s 100% an option. Sorry, peoples lives matter far more than imaginary lines like GDP growth and the DOW Jones. Musk should be calling for a temporary UBI, giving his employees better insurance, etc, not demanding sacrifices to pad his wallet.
- From jwlarrabee:
A President’s 1st responsibility is to defend the people from all threats whether foreign or domestic. Trump narrowly focused on helping the rich. He eliminated our defenses against the Pandemic. He failed to protect us. All he cared about was the Dow Jones Indusrial. Average.