Dow Jones (INDU) Up 2.21%; in a Downtrend Over Past 90 Days

Dow Jones Daily Price Recap

24633.86 was the closing price of the day for Dow Jones, resulting in today being one in which price moved up 2.21% ($532.31) 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. The daily price chart of Dow Jones below illustrates.

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. This may setup an interesting opportunity for traders looking to sell rallies in anticipation of the primary trend resuming. For additional context, note that price has gone up 7 out of the past 10 days.

Overheard on Twitter

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

  • From docm77:

    Did you not wonder, why Trump wasnot bragging about how the Stock Market recovers due to his genius work? No word about the dow jones in weeks.
    He knows, if he raves on now, he will be fully exposed. His politcis has nothing to do with any positive economical developement in USA

  • From docm77:

    But why is the Dow Jones recovering?The answer is: The FEDTrumps most hated enemy. The FED said, we will not let a crisis happen. The FED has unlimited money. That is what stabilizes the stock market atm. That saved the stock market from total collapse.

  • From docm77:

    Economy world wide tanking – Dow Jones going up and recovering fast?What do we learn: The Dow Jones is not connected to the “real economy” anymore and thus cannot be used as an indicator of how well the economy is going.

In terms of news links for Dow Jones here’s one to try:

Dow Jones vs. NASDAQ vs. S&P 500: The Differences | PrimeXBT

    Other stock market indexes exist across the globe representing companies from different regions and specific market sectors, however, these three – the Dow Jones Industrial Average, NASDAQ, and the S&P 500 – are the most popular US indexes, and are often a barometer of the overall US economy and the country’s overall financial health….Even crypto traders are more often trying to trade traditional assets like stock market indices like the S&P 500, NASDAQ, or the Dow Jones….  Trade NASDAQ   The Dow Jones Industrial Average is a major American stock market index that measures the performance of 30 of the largest companies listed on stock exchanges across the United States….  Trade Dow Jones   The S&P 500, or often referred to as just S&P, is another major stock market index, measuring the performance of 500 of the largest companies listed across United States stock exchanges….    Although there are similarities between each asset’s price charts due them all being related to the US economy, because there is a difference in the volatility between each of the major US stock indices, there are also nuances that vary across each index when considering a trading strategy….  Now that you know all there is to know about each of these three major US stock indices, and with the key differences between them explained, it’s now time for you to open up a trading chart yourself, and try trading the Dow Jones, S&P 500, and NASDAQ on PrimeXBT.