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

News Releases Impacting Dow Jones

  • Forecasted Non Farm Payrolls in United States: 391. The previous number: 431. (9.28% difference between the two.)

The Daily View for Dow Jones

  • At the moment, INDU’s price is up 932.27 (2.81%) from the day prior.
  • Dow Jones has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • Of note is that the 50 day changed directions on INDU; it is now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • 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.

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