Dow Jones (INDU) Up $6 On 4 Hour Chart, Moves Down For the 2nd Straight Day; in an Uptrend Over Past 14 Days

Dow Jones 4 Hour Price Update

Updated September 07, 2020 11:13 PM GMT (07:13 PM EST)

Dow Jones is up 0.02% (6) since the previous 4 hours, marking the 3rd straight candle an upward move has occurred. Relative to other instruments in the 8 major global equity indices asset class, Dow Jones ranked 4th since the previous 4 hours in terms of percentage price change.

Dow Jones Daily Price Recap

Dow Jones closed the previous day down 0.56% (159.42); this denotes the 2nd straight day a decline has happened. On a relative basis, today was pretty good: Dow Jones bested all 8 of the assets in the 8 major global equity indices class 🙂 Here is a daily price chart of Dow Jones.

INDU

Dow Jones Technical Analysis

Notably, Dow Jones crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 19 out of the past 30 days.

Overheard on Twitter

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

  • From DeItaOne:

    $Tsla was not part of the companies to be added to the S&P 500 as per a list unveiled by the index’s manager S&P Dow Jones Indices on Friday.$ETSY, $CTLY and $TER will be added to the index effective Sept. 21.

  • From kushkatakia:

    On Aug. 31, Exxon Mobil Corp. was booted from the Dow Jones Industrial Average. That should serve as a warning about the technology stocks that, at least until Thursday’s shocking 5% decline, have been the market’s darlings.

  • From DarylDirksen:

    @mrlevelup nice theory, could come true… game over dow jones and rise of crypto… if this comes true we will see a bullmarket never seen before in crypro… 2017 would be a joke… lets hope so…