Dow Jones’s 3 Day Up Streak Comes to an End

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 time of this writing, INDU’s price is down -1063.09 (-3.12%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • 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 down. 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.


Latest News Discussing INDU

  • The ‘Cinco De Mayo Crash’ Of 2022 – Reasons To Look Up – BOOX Research
    May 6, 2022

    Stocks faced a deep selloff coming to terms with the fallout from the May FOMC and macro headwinds. We see room to take a bullish position.

  • Markets Obliterated Following Wednesday’s Historic Fed Rate Hike – Henry Khederian
    May 5, 2022

    U.S. indices fell sharply wire-to-wire Thursday in the aftermath of Wednesday’s historic rate hike by the Federal Reserve. The Fed┬áraised┬áthe key interest rate by 50 basis points, its first rate hike of at least half a percentage point in more tha…

  • Wall Street Breakfast: Fed Calm – Wall Street Breakfast
    May 5, 2022

    Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify.