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Forecast and levels for Dow Jones Industrial Average - page 2

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Sergey Golubev
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Sergey Golubev  

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Press review

Sergey Golubev, 2017.02.19 07:37

Weekly Outlook: 2017, February 19 - February 26 (based on the article)

A mixed and turbulent week saw the dollar going in all directions. Where will it go? UK GDP data, US FOMC Meeting Minutes, and other events stand out. These are the nain eventa on forex calendar for this week.

Dow Jones Industrial Average, H8 timeframe, bearish developing retracement pattern:

 

  1. UK GDP data: Wednesday, 9:30. Economists forecast a 0.6% growth rate for the fourth quarter of 2016.
  2. US Crude Oil Inventories: Wednesday, 15:30.
  3. US FOMC Meeting Minutes: Wednesday, 19:00.
  4. US Unemployment Claims: Thursday, 13:30. Analysts estimate an increase of 242,000 new claims this week.
  5. Philip Lowe speaks: Thursday, 22:30. RBA Governor Philip Lowe will testify before the House of Representatives Standing Committee on Economics, in Sydney.

Sergey Golubev
Moderator
94654
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2017.03.11 08:42

Dow Jones Industrial Average - Trading Strategies For The 5 Best Performing Dow Stocks (based on the article)

Daily price is located above Ichimku cloud for the bullish ranging within 21,169 resistance level and 20,777 support level for the waiting for the bullish trend to be resumed or to the secondary correction to be started.


  • "There are 24 components of the Dow Jones Industrial Average that were members of the Dow 30 when the average traded as low as 6,470 back on March 6, 2009. From this low to the all-time intraday high of 21,169.11 set on March 1, 2017, the Dow is up 227%."
  • "Among the 24 components still in the average, 12 underperformed. But five gained by more than 500%, led by Home Depot (up 738%), American Express (up 716%), Disney (up 633%), Boeing (up 521%) and JPMorgan Chase (up 516%)."
  • "Most on Wall Street say that the stock market rally can continue. In my opinion, investors should reduce holdings by 50% to lock in gains. From the Dow all-time high of 21,169 to my highest risky level of 22,148, the additional upside is just 4.6%, not worth the bet for long-term investors."

Sergey Golubev
Moderator
94654
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2017.04.08 09:41

Weekly Outlook: 2017,April 09 - April 16 (based on the article)

The US dollar eventually emerged as a winner from a tense week. Is this the beginning of a trend? A speech by Janet Yellen, a rate decision in Canada, Australian employment data, US inflation data, and US consumer figures stand out. These are the main events on forex calendar.


  • Janet Yellen speaks: Monday, 20:00. Fed Chair Janet Yellen will speak at the University of Michigan, taking questions from the audience.
  • UK Inflation data: Tuesday, 8:30. UK inflation is expected to reach 2.2% this time.
  • Canadian rate decision: Wednesday, 14:00.
  • Australian employment data: Thursday, 1:30. A job gain of 20,300 is predicted in March with the unemployment rate unchanged at 5.9%.
  • US PPI: Thursday, 12:30. Economists expect producer prices to be flat this time.
  • US Unemployment Claims: Thursday, 12:30. Jobless claims are expected to reach 242,000 this week.
  • US Prelim UoM Consumer Sentiment: Thursday, 14:00. Consumer moral is expected to remain elevated at 97.1 in April.
  • US inflation data: Friday, 12:30. CPI is expected to remain unchanged, while core inflation is anticipated to rise by 0.2% in Mach.
  • US Retail sales: Friday, 12:30. US retail sales are expected to increase by 0.1% with a 0.2% gain in core sales.

  • Sergey Golubev
    Moderator
    94654
    Sergey Golubev  

    Forum on trading, automated trading systems and testing trading strategies

    Press review

    Sergey Golubev, 2017.04.23 07:46

    The Week Ahead In Stock Market (based on the article)


    • "The stock market started the week under a cloud based on increased global tensions and holidays in the US and overseas. Heading into the last trading day before the Easter holiday stocks looked week technically but there were many signs based on my analysis that meant the risk was too high for new short positions."
    • "Those on the short side were likely surprised by last Monday's strong performance. They may have felt better when the Dow Industrials dropped sharply last Wednesday in reaction to the weak earnings from IBM, Goldman Sachs and Johnson & Johnson. The shorts were squeezed once again on Thursday  as stocks had their best day since March."
    • "The calendar is full this week with the Chicago National Activity Index and Dallas Fed Manufacturing Survey on Monday. Then on Tuesday we have the S&P Corelogic Case-Shiller HPI, New Home Sales, Consumer Confidence and the Richmond Fed Manufacturing Index."
    • "On Thursday we get the Durable Goods orders and Pending Home Sales Index followed on Friday by the GDP,  Employment Cost Index, Chicago PMI and Consumer Sentiment."

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