Archive for the ‘Dow Jones Industrial Average’ Category

DJIA Bounces as US Dollar Falls

Friday, May 21, 2010 16:16 4 Comments

The Dow Jones Industrial Average breached the 10,000 level at the open and then rallied back 180 points from the low to close at 10,193. In a previous post I mentioned that the major averages were close to major support levels while approaching oversold levels. Those levels were tested today before the market moved higher.
(Chart [...]

This was posted under category: $USD, Dow Jones Industrial Average Tags: , , , , , , , , , , ,

Dow to Break 10,000; Test of Crucial Support is Near

Friday, May 21, 2010 7:16 No Comments

After dropping 376 points yesterday, the Dow Jones Industrial Average is set to open down 95 points which would put it below the psychologically important 10,000 level. In my previous post, I mentioned that the ‘flash trade’ prices were real and we were heading for a retest of those lows. Currently, the major averages are [...]

This was posted under category: Dow Jones Industrial Average Tags: , , , , ,

Dow; S&P Break 200-day MA. ‘Flash’ Lows Were Real

Thursday, May 20, 2010 12:05 2 Comments

Both the Dow Jones Industrial Average and S&P 500 Index are trading below their 200-day moving average.  NASDAQ bucked the trend bouncing back above it 200-day MA.
Many analysts in the technical community were unsure if the ‘flash trade’ lows were actual prices which should be included in their analysis, or merely a ‘machine’ blip which [...]

This was posted under category: Dow Jones Industrial Average, NASDAQ, RSI, S&P 500 Index Tags: , , , , , , , , , , , , , , , , ,

Dow/Gold Ratio Historical Chart (1968-2009)

Thursday, May 20, 2010 10:49 No Comments

Chart of the Dow Jones Industrial Average priced in ounces of gold since 1968. The data set used divides the DJIA annual closing price by that years average gold price. Because this is annual data, some of the extreme monthly readings are smoothed out.
The bottom, in our example, occurred in 1980 when the ratio was [...]

This was posted under category: Dow Jones Industrial Average, Gold Tags: , , , , , , , , , , , ,

Dow Jones (DJIA) Elliott Wave Count & Fibonacci Retracement

Monday, May 17, 2010 15:10 2 Comments

The Dow Jones retreated from key Fibonacci level of .618 (61.8% of the previous move) in April after the probable completion of wave 5 (Elliot Wave count).
Normally, bullish trends are characterized by 5 waves, while corrective trends are characterized by 3. Considering the market completed an upward 5 wave pattern, rather than 3, suggests that [...]

This was posted under category: Dow Jones Industrial Average, Elliott Wave, Fibonacci Tags: , , , , , , , , , ,

Dow Jones 10-Minute Chart

Friday, May 14, 2010 14:28 No Comments

The Dow Jones Industrial Average ended the last day of a volatile week down 162 points (-1.51%). While both the long and intermediate term outlook appear negative, the short term picture may improve in the coming days. It is important to note that the following is a 10 minute chart and so conclusions drawn must [...]

This was posted under category: Dow Jones Industrial Average Tags: , , , ,

Dollar Jump Resembles ‘08 Crash

Friday, May 14, 2010 7:11 3 Comments

On Wednesday, I wrote about the troubling signal given by the Volatility Index (VIX) as it surged in a manner which resembled the 2008 crash.  Today we can add another market indicator to the “trouble” list – The US Dollar.
I’ve mentioned the inverse relationship between the US Dollar and stocks several times. This relationship began [...]

This was posted under category: $USD, Dow Jones Industrial Average Tags: , , , , , , , ,

Dow Industrials, Transports, S&P Close Below Key Moving Averages

Monday, June 22, 2009 15:06 No Comments

Last week, we mentioned that technical indicators began to turn negative. Technical damage continued today as the Dow Jones Industrial Average, Dow Jones Transportation Average, and  S&P 500 closed below their pivotal 50 and 200 day moving averages (first time since March), with all 3 averages registering an RSI sell signal.  NASDAQ bucks the trend [...]

This was posted under category: DXD, Dow Jones Industrial Average, Dow Transports, NASDAQ, S&P 500 Index, TWM Tags: , , , , , , , , , , , , , , , ,

S&P Breaks Uptrend; Dow Jones Closes Below 200-Day-Moving-Average

Tuesday, June 16, 2009 15:55 No Comments

Technical indicators are beginning to turn negative for the first time since the beginning of the March rally. The S&P 500 index  violated its 3-month uptrend while the Dow Jones Industrial Average closed below its 200-day-moving-average. Momentum indicators have turned bearish.
The Dow Jones (Chart below) is still holding on to its uptrend line though RSI [...]

This was posted under category: Dow Jones Industrial Average, S&P 500 Index, VIX

Market Corrects as Dollar Climbs

Monday, June 15, 2009 20:59 No Comments

We’ve written about the relationship between US equities and the US dollar. Stocks bottomed in March and began to move up as the US Dollar topped during the same time and began to move down. Todays market selloff came as an oversold dollar (short term) found buyers.
If the dollar continues this advance, US equities should [...]

This was posted under category: $USD, Dow Jones Industrial Average Tags: , , , ,
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