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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 2017.02.19 07:54  

Forum on trading, automated trading systems and testing trading strategies

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
55351
Sergey Golubev 2017.03.11 08:44  

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."

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