Forecast and levels for Dow Jones Industrial Average - page 4

 

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Sergey Golubev, 2018.08.04 10:41

Difference Between Dow, Nasdaq and S&P 500 (based on the article)

In the U.S., market participants focus the majority of their attention on three indices – S&P 500, Dow Jones Industrial Average, and Nasdaq 100. These indices are of course highly correlated to one another as they track companies impacted by the same business cycle and other important macroeconomic factors.

Additionally, there is some cross-over in the stocks that are included in the ‘big three’. For example, the technology giant Apple Inc. (AAPL) is a constituent included in all three. However, there are big differences between the Dow and Nasdaq and S&P 500 - such as the number and type of stocks included in each index and how index values are calculated.

How is the Dow Jones, Nasdaq, and S&P 500 Calculated?

The S&P 500, created by Standard & Poor’s in 1962, represents the broadest measure of the U.S. economy among the three major indices. The index value is calculated by weighting each company according to its market capitalization and then a divisor, which is set by S&P, is applied to produce the final value. The simple calculation is as such: sum of the market cap of all stocks included divided by the divisor, or total market cap / divisor. 

S&P 500


The Dow Jones Industrial Average, often referred to in short as the ‘Dow’, is the oldest index, dating back to 1896 and is the most globally well known. The Dow represents 30 large cap stocks as determined by the Wall Street Journal. Unlike the S&P 500 and the Nasdaq 100, the weighting for each component in the Dow Jones Industrial Average is ranked by share price, and then a divisor applied to create the final value.

Dow Jones Industrial Average


The Nasdaq 100 is the youngest of the three indices having begun trading in 1985. It represents the largest non-financial companies listed on the Nasdaq exchange and is generally regarded as a technology index given the heavy weighting given to tech-based companies. The Nasdaq 100 is based on the market capitalization of its components.

Nasdaq 100

Trading Differences Between Dow Jones, S&P 500 and Nasdaq

Despite the tight correlation between the major U.S. indices, they each have their own ‘personalities’ in how they trade due to the differing make-up for each index and importance of certain companies and groups of companies (sectors). The S&P 500 is the least impacted from day-to-day by any single one stock given it is comprised of so many names. With that said, there are a handful of sectors which have the most importance on the index.

Major Differences between Dow, Nasdaq and S&P 500: Breakdown of weightings - 

Differences between Dow, Nasdaq and S&P 500

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Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

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Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread 

After


 

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Sergey Golubev, 2018.11.15 16:31

Intra-Day Fundamentals - AUD/USDNZD/USD and Dow Jones Index: United States Advance Retail Sales

2018-11-15 13:30 GMT | [USD - Retail Sales]

if actual > forecast (or previous good for currency (for USD in our case)

[USD - Retail Sales] = Change in the total value of sales at the retail level.

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From morningstar article :

  • "Retail sales in the US increased by more than anticipated in the month of October, the Commerce Department revealed in a report released on Thursday. The Commerce Department said retail sales advanced by 0.8% in October following a revised 0.1% dip in September."
  • "The bigger than expected increase in retail sales was partly due to a spike in sales by motor vehicle and parts dealers, which surged up by 1.1% in October after dipping by 0.1% in September."

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AUD/USD M5: range price movement by United States Advance Retail Sales news events

AUD/USD M5: range price movement by United States Advance Retail Sales news eventsAUD/USD M5: range price movement by United States Advance Retail Sales news eventsAUD/USD M5: range price movement by United States Advance Retail Sales news eventsAUD/USD M5: range price movement by United States Advance Retail Sales news eventsAUD/USD M5: range price movement by United States Advance Retail Sales news eventsAUD/USD M5: range price movement by United States Advance Retail Sales news eventsAUD/USD M5: range price movement by United States Advance Retail Sales news events

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NZD/USD M5: range price movement by United States Advance Retail Sales news events

NZD/USD M5: range price movement by United States Advance Retail Sales news events

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Dow Jones Index H4: range price movement by United States Advance Retail Sales news events

Dow Jones Index H4: range price movement by United States Advance Retail Sales news events

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Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

 

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Sergey Golubev, 2019.02.28 07:28

Dow Jones Industrial Average - weekly breakout with the bullish reversal; 26K level is going to be broken to above (based on the article)

Dow Jones Industrial Average weekly chart by Metatrader 5

  • "The 2019 US equity rally has continued into this week, as the Dow Jones Industrial Average set a fresh three-month-high on Monday. Since then, prices have been pulling back but support has continued to hold with the index currently re-testing the 26k psychological level."
  • "At this point, short-term strategies will likely be focusing on bullish continuation themes, looking for 2019 strength to continue. On a longer-term or swing-basis, the potential for reversal is building as noted by a rising wedge formation building near November/December swing-highs."

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Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

==========

Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread 

After


 

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Sergey Golubev, 2019.03.05 09:44

Dow Jones Industrial Average - weekly bullish ranging near bearish reversal; 26,250 level is the key for the bullish trend to be continuing (based on the article)

Dow Jones Industrial Average weekly chart by Metatrader 5

  • "Our researchers believe the NQ and YM chart illustrates a very different dynamic which is currently at play in the US Stock Markets.  The NQ, the Technology heavy NASDAQ futures, appears to have stalled near the 75% Fibonacci price retracement level whereas the YM, the Blue Chip heavy DOW futures, has already rallied past this level and is setting up a “double top” formation near 26268.  It is our belief that the US Stock Markets are already nearing an intermediate top rotation price area and that traders need to actively protect their long trades/profits right away.  We believe a downside price rotation may take place very quickly over the next 5~10+ days and that the markets may rotate downward by a minimum of 4~6% in what we are calling a “momentum rotation setup”."

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The chart was made on weekly timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:


 

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Sergey Golubev, 2019.04.10 16:09

Intra-Day Fundamentals - USD/CADUSD/JPY and Dow Jones: United States Consumer Price Index (CPI)

2019-04-10 13:30 GMT | [USD - CPI]

if actual > forecast (or previous value) = good for currency (for USD in our case)

[USD - CPI] = Change in the price of goods and services purchased by consumers.

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From official report :

  • "The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in March on a seasonally adjusted basis after rising 0.2 percent in February,  the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.9 percent before seasonal adjustment."

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USD/CAD: range price movement by United States Consumer Price Index news event 

USD/CAD: range price movement by United States Consumer Price Index news event

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USD/JPY: range price movement by United States Consumer Price Index news event 

USD/JPY: range price movement by United States Consumer Price Index news event

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Dow Jones: range price movement by United States Consumer Price Index news event 

Dow Jones: range price movement by United States Consumer Price Index news event

==========

Charts were made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

==========

Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread

After 

  1. The main AscTrend thread is this one.
  2. Asctrend indicator in depth 
  3. ASCTREND SYSTEM summary (good EAs included) 
  4. Brainwashing system/AscTrend system (MT5) - the thread 


 

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Sergey Golubev, 2019.05.25 17:26

Dow Jones - Longest Losing Weekly Streak in 8 years (based on the article)

Dow Jones chart by Metatrader 5

  • "The Dow Jones looks set for the longest weekly losing streak in 8 years (5th consecutive week). As it stands, the outlook is relatively weak for the Dow Jones, does a close below 25500 could see losses extend towards the 25000 level. To negate the bearish momentum, eyes will be on for a break above 25700, which opens up the doors for 26100."

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

 

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Press review

Sergey Golubev, 2019.07.06 13:45

Dow Jones Industrial Average - bullish trend to be resumed; 26,982 is the key (based on  the article)

Dow Jones Industrial Average chart by Metatrader 5

  • "The Dow Jones is narrowly beneath record levels after gapping lower at Friday’s open. Still, the Industrial Average mounted a recovery effort as the session progressed as it looked to retake the 26,945 level. In the week ahead, the Average will have to surmount the prior highs around 26,945 and Wednesday’s high of 26,972 if bulls are to continue the journey higher."
  • "On the other hand, the Dow Jones enjoys nearby support around 26,705 and subsequent trendline support slightly beneath. The ascending trendline from early 2019 was broken in May and June, but its influence on price cannot be denied – as evidenced on the 4-hour chart above."

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

==========

Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread 

After

 
Health-Care Rally Helps Lift Dow Over 27000
11 July 2019, 18:50
By Nathan Allen and Michael Wursthorn 

A rally in health-care stocks pushed the Dow Jones Industrial Average over 27000 for the first time after the Trump administration abandoned a plan to curb drug rebates.

The decision canceled a plan that would have eliminated rebates from government drug plans, easing concerns of a massive disruption to the U.S. pharmaceutical industry.

Shares of UnitedHealth jumped 5.1%, leading the Dow industrials higher. Meanwhile, Cigna and CVS Health added 12% and 5.7%, respectively, helping the S&P 500 notch a slim gain in recent trading.

The Dow industrials gained 198 points, or 0.7%, to 27059, while the S&P 500 added 0.2%. The Nasdaq Composite rose 0.2%. Major U.S. indexes extended their gains from Wednesday's session, helping to reverse stocks' recent faltering amid concerns that investors were overestimating the likelihood of a rate cut. Federal Reserve Chairman Jerome Powell's dovish comments and minutes from the Fed's June policy meeting reassured traders that further easing is the most likely course of action.

Mr. Powell is speaking again on Thursday, though analysts don't expect him to provide much new information. U.S. consumer-inflation data will be in focus, as weak inflation would support the case for further monetary easing.

"Powell needs a low inflation number to bolster the rate-cut case. If it proves to be just like last week's employment read and also comes in strong, then perhaps we've all been overeager for a cut," said Mike Loewengart, head of investment strategy at E*Trade.

U.S. government-bond yields, meanwhile, extended early gains after data showed that consumer prices rose in June, a sign inflationary pressures could be stabilizing after a period of weakness. Core inflation, which strips out volatile food and energy prices, rose faster than expected. The yield on 10-year U.S. Treasurys climbed to 2.087% from 2.061% a day earlier. Bond prices and yields move in opposite directions.

Elsewhere, minutes from the European Central Bank's June policy meeting showed that officials are likely to consider injecting fresh stimulus into the eurozone in light of weak inflation data. The minutes suggest policy makers will weigh cutting the bank's key interest rate or restarting its EUR2.6 trillion ($2.92 trillion) bond-buying program.

Stocks in Europe edged lower, reversing an earlier gain, as the pan-continental Stoxx Europe 600 declined 0.2%.

Write to Michael Wursthorn at Michael.Wursthorn@wsj.com

 

(END) Dow Jones Newswires

July 11, 2019 11:50 ET (15:50 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

 

lippmaje:

...

Shares of UnitedHealth jumped 5.1%, leading the Dow industrials higher. Meanwhile, Cigna and CVS Health added 12% and 5.7%, respectively, helping the S&P 500 notch a slim gain in recent trading.

...

Yes, that's right - this is UnitedHealth (Metatrader 5):

  • daily breakout, and
  • weekly breakout with the bullish reversal.


 
lippmaje:
...

Shares of UnitedHealth jumped 5.1%, leading the Dow industrials higher. Meanwhile, Cigna and CVS Health added 12% and 5.7%, respectively, helping the S&P 500 notch a slim gain in recent trading.

...

and this is CVS Health (Metatrader 5):

  • daily breakout, and
  • weekly bear market rally.


Reason: