Dow Jones is Down for the 3rd Day in a Row

News Releases Impacting Dow Jones

  • Forecasted Inflation Rate YoY in United States: 8.1%. The previous number: 8.5%. (4.71% difference between the two.)

The Daily View for Dow Jones

  • At the time of this writing, INDU’s price is down -653.67 (-1.99%) from the day prior.
  • The daily chart shows that Dow Jones has seen 3 straight down days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence between INDU’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in INDU’s price.

Below is a daily price chart of Dow Jones.

INDU

Latest News Discussing INDU

  • Markets Sell Off Following Last Week’s Federal Reserve Decision – Henry Khederian
    May 9, 2022

    U.S. indices fell sharply again Monday as stocks continued to sell off following last week’s Fed rate hike decision. A gain in Treasury yields has also weighed on technology and growth stocks.

    The Nasdaq composite finished lower Monday by 4.29% …

  • Party Over? – Terence Reilly
    May 9, 2022

    We are still in negative gamma, and that works both ways – big moves up and down. The options market is pointing to strong support at 4050-4000 on the S&P 500. We closed at 4123 on Friday.

  • Despite Friday’s Swoon, We’re At A Bottom; Buy These Beaten Down Big Cap Tech Stocks – David H. Lerner
    May 9, 2022

    Last week’s spike and crash has been misinterpreted. I make a case for the market fully discounting the interest rate adjustment. I am going to get more aggressive and buy fuller positions.