Get started

Djia

Bears lost (get over it) the final round.Please do you Due diligence and invest wisely From my last DIA post I presented the Bears Vs Bull case and pointed out at what level I felt would decide who won the final round. I also pointed out the bull vs bear trap area which played out for many weeks to trap as much bears as possible. Now I think the market will make new all time highs and every dip in my opinion will be a chance to go long. The fed owns the market and has tipped the scale in favor of the market now the FOMO has begun in retail who will be the ones to push the market to all time highs.
AMEX:DIALong
by UnknownUnicorn3272672
2
DOW JONES - Will history repeat?Since April 6, 2020, the Dow Jones Industrial Average includes 30 companies Which company from this list will be the strongest in the next 54 years? 3M Co. (NYSE: MMM) (industrial conglomerate) American Express Co. (NYSE: AXP) (credit services) Apple Inc. (NASDAQ: AAPL) (Electronics) Boeing Co., The (NYSE: BA) (aircraft and defense) Caterpillar, Inc. (NYSE: CAT) (agricultural and construction equipment) Chevron Corp. (NYSE: CVX) (petroleum industry) Cisco Systems (NASDAQ: CSCO) (Telecommunications) Coca-Cola Co. (NYSE: KO) (drinks) Dow, Inc. (NYSE: DOW) (chemical industry) Exxon Mobil Corp. (NYSE: XOM) (oil and gas company) The Goldman Sachs Group, Inc. (NYSE: GS) (finance) Home Depot, Inc. (NYSE: HD) (building supplies stores) International Business Machines Corp. (NYSE: IBM) (computing) Intel Corp. (NASDAQ: INTC) (semiconductors) Johnson & Johnson Inc. (NYSE: JNJ) (chemistry, pharmaceuticals) JPMorgan Chase and Co. (NYSE: JPM) (financial group) McDonald’s Corp. (NYSE: MCD) (fast food restaurants) Merck & Co., Inc. (NYSE: MRK) (pharmaceuticals) Microsoft Corp. (NASDAQ: MSFT) (software) Nike Inc. (NYSE: NKE) (clothing) Pfizer, Inc. (NYSE: PFE) (pharmaceuticals) Procter & Gamble Co. (NYSE: PG) (household chemicals) Travelers (NYSE: TRV) (financial services) UnitedHealth Group Inc (NYSE: UNH) (Healthcare) Raytheon Technologies (NYSE: RTX) (industrial conglomerate) Verizon Communications (NYSE: VZ) (telecommunications) Visa, Inc. (NYSE: V) (finance) Walmart, Inc. (NYSE: WMT) (distribution network) Walgreens Boots Alliance, Inc. (NYSE: WBA) (pharmacies) Walt Disney Co., The (NYSE: DIS) (entertainment industry)
TVC:DJI
by EXCAVO
35
The Algos show themselvesLook at 2019 and look at 2020. What we are seeing is the result of the algos perfect calculation of a market bottom because the stock market is now only designed to go up. The only difference is a bigger drop. This whole situation has being engineered to stress test the system. most markets are green the only difference is the speed. The SPY is about to do another "V" shape recovery unless another bagholder decides to dump his stock. I think it only works here because SPY is just that strong, who would want to sell apple for instance. This might be the end of bear markets as we know it.
AMEX:SPY
by carlos5577
1
Short NasdaqThis market is manipulated to the point of being ludicrous. When individual stocks are still being bought at P/Es well over 20 and RSIs approaching 80, it is no longer a market in which participants can believe. Let's see... Ongoing pandemic that is crippling both supply and demand globally? ✅ Nearly 50 million unemployed over the past 10 weeks? ✅ The worst, most widespread and prolonged civil unrest since the 1960s? ✅ Increasing tensions between the US and China? ✅ Stocks reaching unprecedented valuations? ✅ The contrast between the economy and the stock market has never been this stark before. Despite the worst economy in 100 years, stocks have soared over the past 2.5 months. Tesla is up 400% over the past year and has more than doubled in value YTD. Amazon has a P/E over 100. The Nasdaq is on the cusp on reaching new ATHs. The Fed was desperate to prevent the coronavirus from popping the everything bubble, and their overreaction has now reinflated that bubble to new heights. This is NOT going to end well.
NASDAQ:NDXShort
by mariobros7
2
Forecast of Next Week Dow Jones Index So, DJI basically is in a short-term bullish period for me now, but with low - medium momentum. A couple days ago, after resting for almost 1 month, DJI finally broke out 24736 and now make a move to level 26650. I still have confident the upward movement still continue, but perhaps there will be pullback to 24735 first next week. We will analyze market further after reaching the resistance 27300. This is the last defence line for the seller to keep market under their control. If, somehow buyers can take this line as their territory, we will see more higher movement for DJI in the next period. Until that happens, we still watch closely about the movement of this index. I stay my bullish view for DJIA. Jee
DJ:DJILong
by Jee_D
ridethepig | A closer look at US EquitiesA timely update to the US Equities chart after a month of consolidation/chop. The energy building up here is immense, before you tackle what follows, you should quickly check that you are well versed in the notions concerning the retrace leg, the ABC sequence and passed crashes. If not you should refresh your ideas on these, because both of the following legs are necessary for full understanding for the next swing. The question we are tracking is as follows: After the 61.8% pullback from the sell-off, assuming equities do not advance beyond 3177, sellers have the possibility of opening a final leg lower opening the capitulation in the global economy. By playing the 5th wave lower, sellers release tension in the congested areas as naive short-term specs continue buying for no apparent reason. So why do these levels matter? Well, the 2892 is the measured target in the ABC sequence from the March 23rd lows, could buyers break back up as re-openings unfold? Not really possible as another test of the lows would be much healthier from a bulls perspective. It gives more time to load and re-position, even if in some modified form. The next cycle down in the economy looks set to last into 2021, in other words all those expecting a V shaped bounce and running from the lows as quickly as you can are dividing the flows into two halves. For the sake of convenience we shall call this a "dead-cat-bounce". Remember we are tracking the two important fundamental charts on the macro side: "It's Time" "Alpha Protocol: Seeking Immediate Extraction" Further pockets of shutdowns and social distancing measures will weigh heavy on consumer confidence, it looks unavoidable for the Northern Hemisphere Winter (December 2020) while in the background cooking there is a powerful urge to move away from Oil that seems to be unfolding. After the inconsiderable disadvantage US producers were put under via Russia, China and S.A, the battlefield has emerged: But moreover, thanks to protectionism China and US are moving towards escalation. Foreign policy will provide the narrative for this final leg lower, Trump will attempt to establish lines of communications later in the Quarter with Xi although the damage has already been done. Follow the flows... capture the final leg lower in global equities, while the rest panic and begin to think its doom and gloom forever we can obtain the lows with cheap bids to exert pressure on soft buyers and later sellers (we can update the charts as we get down there later in June). As usual thanks for keeping the support coming with likes, comments, charts, questions and etc!
OANDA:SPX500USDShort
by ridethepig
16
Bearish View on DowThanks for viewing. This is just from a technical view - earnings may surprise to the upside - and everyone may decide to value the market exactly the same a Jan - Feb 2020 - who knows. My view is bearish because of: Technical: - For those that value Elliot Wave; I cannot see wave (4) and (5) as already having formed - but instead see us nearing the end of wave (4) formation, - If this count is correct a reasonable target is 14,500 which is around the 0.65 Fib for the price rise since March 2009, - If the EW count is correct, the wave (1) low will act as strong support - so 24,681 should not be exceeded (I note that the NQ has already breached this mark), - The MACD histogram is trending down towards the zero line, - There appears to be 'resistance' to the RSI going above 60 - in a bear market RSI of 60 tends to act as strong resistance (at least on the daily time-frame), - A rising wedge seem to have formed and may have already broken out of the bottom of the formation, - The recent local high of 24,264 still haven't been exceeded - if this remains unbroken - look out below, - The 54 SMA moving average (which is very close) will likely act as resistance. Fundamental: - There seems not to be sufficient testing, mask-wearing, contact-tracing to fill me with confidence that this is even close to being considered contained, - Despite the Fed pledging to back-stop the corporate debt - Corporations are still entering bankruptcy proceedings. The Fed can print $ from nothing with the press of a key, but they cannot print supply chains or consumer demand (which will remain subdued for some time to come, - Your risk tolerance is significantly higher than most peoples if you are investing in Oil and Gas Exploration and Production at this time. I read a publication on the upcoming reporting of Exxon, that had a consensus expectation EPS of $0.02 and a price prediction of 10% price rise from last close of around $40 per share. I'm not sure how an EPS of $0.02 is bullish. Yesterday I saw Crude prices approach $10 a bbl - that is even stretching it for the lowest cost producers in the world, I would guess that there is not a single primary producer in the U.S. that is making profit at these levels (www.theguardian.com This article puts Exxon break even price over $70 a bbl - hope it isn't that high). - It's not all negative, not all Companies reporting have supply chain issues, some can easily pivot to work at home policies, and may even benefit from increased advertising spending during a recession. Disclosure: I am short after getting stopped into a short trade last week. It hasn't all gone my way since then - but I am hanging in there to see how it eventuates. Good luck everyone, and protect those funds. I'm off for a run.
TVC:DJIShort
by flyinkiwi10
5
Jerome Powell said he wouldn't save the stock marketIn a 60 minutes interview (I think) the FED chair said the stock market could go down. I don't want to rewatch the whole thing, and I can't find the quotes on the internet because you know that's not something important at all. It's in there. He said "yes, you can lose your money" and more. Not saying his word is to be trusted but he hasn't planned to "save" the stock market. Meanwhile, retail bullishness is at all time high, on the FED site the question "will stocks go up" has a record number of "yes". Suckers will buy "cheap", as they always do, but they do not have enough weight to drive the price. A part of money printed out of thin air ends up in the stock market this is true. During QE 1-4 a correlation of 98% has been found: 98% of the time the FED bought bonds, the stock market went up. And retail that gets checks, "free" money, is going to do the "safe thing" and the "right thing", the "rational thing", what they have been told to do, and invest it in "safe productive companies that always go up". They can't really save their "money" (currency), the option they have is what they have heard over and over "beautiful dividend paying productive business that always go up because it always have value because it always go up". Yes, alot of money will flow into the stock market. Here is the thing: The stock market will only go up, if the US DOLLAR falls faster than the stock market does. In real money term it will fall 100%. In $ terms, sure, it can go up. Who cares about something priced in ponzi currency? The whole bull market driver, for the entire bull market, and by very far, were corporate buybacks (company profits don't get taxed until they sell shares if they use that profit to buy shares). Now almost all companies are underwater and need bailouts. Buybacks have slowed down in 2019 and now I strongly believe those will strongly decline. I expect them (at least) to be at their lowest in 10 years. Foreign countries might want to dump both their US equities, and their US dollars (currency or treasuries) also. China was super mad and have been reducing their usd exposure, but they still own over a trillion. Boy will they be pissed when the USA inflate their debt away. I think that's the end of the usd reserve currency. 2020 was a nice round year for a great depression. Powell got asked in that 60 minutes interview "Will this be called the second great depression in the future" and he froze and looked terrified lololo, then ye of course he said "naaah, there will be a sharp downturn, a violent recession worse than 2008, but we will recover by late 2021" or something like that. During the whole interview he has weird ticks and makes strange faces. I think he is a little worried 😃 This depression will be worse than the 1930s. For foreigner this means we'll get discounts on nice companies (outside of the USA duh). For Americans emmm rip. I want to post a list of countries with average price to earnings, but alot of this info is behind pay walls. I'll just go for something very generic and partly outdated but that's fine don't need perfection, just need to know where to look first. I know the USA and India are so expensive. I think Europe is quite undervalued, and prices are not down falling. I like Africa there is potential to go way up, but this is far more risky I think. I am not going to keep holding euros and dollars that are racing to zero. I need to grow my trading account more but as soon as I have a decent size I need to generate profit (I hate the idea of trading for income but I'll have to) I'm going to want to put some of my money into real assets. Anyone that worked for more than just a few years or maybe I should say anyone that ever worked period should want to save up some of it and keep it in a real asset not a ponzi ran by banks & government that only benefit them. Hey here is the whole Elon Musk quote. Calling social democrats fascists, calling the quarantine stupid, calling out big tech censorship, tearing down the narrative, calling the average dum dum a fool? I'm really liking the new Elon Musk. Real inflation does not just come from a currency supply expanding more than the GDP (amount of goods and services). If the GDP contracts then there is less stuff. If there is less stuff, it becomes more valuable. The US won't starve. They can produce so much food (1 of the reason is how much CO2 we pumped into the atmosphere). In the short term they might have some meat shortage but it's not a huge deal. I really don't think anyone will starve. Powell has clearly said "we just want to print money so small & medium business survive a few months, we are just trying to buy time". So he is not trying to print the country into wealth, like Zimbabwe. But it doesn't matter. This is a ponzi scheme and like every ponzi scheme you need to burn more and more cash to sustain it. You can never stop it without the whole thing collapsing. Plus politicians are never going to want to give back the powers they got, and the public is going to want more "free stuff" "we need a living wage that's all we ask" "we just want the bare minimum to live in human dignity". The US bonds are trash bonds. The country is collapsing from the inside. The US stock market was extremely expensive before the GDP contraction. There is no one to bail them out. Don't look at west europe we got our own problems we ain't going to bailout anyone, plus we became so reliant on the USA... I hope it crashes soon so I can start making money. The USA really holding everything back zzzzz. Stupid modern portfolio theory. This will either be called a great depression, or the greatest depression, or the deep depression. Or maybe they invent a new worse word. "Bipolar psychosis dysphoric disorder". I wish the bureaucrats didn't try to "help". Oh well at least I'll get to say "told you so".
TVC:DJIShort
by MrRenev
13
Taylor Technique ... Raschke/Connors 80/20 ES_F YM_FA little something to put in your toolbag... The fade this morning falls in line with the Taylor Technique for swimg trade fades of previous days highs/lows when the previous day opens in its lower/higher 10% and closes in its higher/lower 90%. When this occurs the retest of the previous day hi/lo is likely and IF they fail to hold a fade is likely. Raschke & Connor modified it to 80 & 20% i believe to create more trading ops. Google it. I track these levels on a daily basis with a fib tool marked at 80/20 (yellow lines) Yesterday the ES & YM both opened in their respective lower 20% and closed in their respective 80% The RED line is the previous day high. Note the YM tested and faded while the ES was unable to retest setting up the bearish reversal resulting in an intial 250+ pt ym and 30+ pt es move. I trade the ym but watch the es for signals. These may have occurred on the nq & rty as well but I dont track them.
CBOT_MINI:YM1!Short
by L_Abondant
2
Unfilled gaps on the DJI, is Mnuchin right?Should we be filling up our pockets with long calls and riding the Funny Munny train? The SPX is bouncing right along on the Vegas waves towards likely levels of $3k-$3.2k in the next few days. Interesting twist is that Memorial Day is coming up and US markets will be closed Monday. If buyers evaporate at higher PE ratios than at all time highs, while we are still more than 10% down overall, it make a bit of sense. But what makes sense these days? Consult your risk tolerance rules.
DJ:DJILong
by FUTUREBOYCOLIN
DOW IS IN RANGE FOR LAST TWO DAYS WILL IT BREAK TODAY !!COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE. 1.In point no.2 I shared that market is trading in no trade zone can not decide any side position. You can see it spend all day in small range not giving chance to earn both sides. That is why I said no trading area. 2. Now I have been saying since last Friday that short is my biased for market but market is not providing set up to go short side. You can see in fig. I made a green circle which is pointing two candle formation that price is rejected in first candle and weak bulls tried to take price out of pink color zone. But in last two hrs. bulls again tried but could not. 3. You can see left side of chart on same zone two days back first rejection of price. This is providing that bears are eager to get price control from bulls. Until and unless price breach the upper end of red dotted zone we can not consider strong bears entry. This is four hrs chart. Now I show you lower time frame of 5 min in lower box. See what is happening . I feel local distribution is going on showed in two green vertical lines. when this process complete price will start to move down side. Till then price will remain range bound. 4. Stock is game of probability so we find good set up in best probability side. So other side move can come if market break Z point swing then I will be bullish. Rest market is supreme will decide today. YOGESH VATShttps://www.tradingview.com/x/6zAWhw4m/
TVC:DJIShort
by yvatsji
8
Fundementals, The Election, The Fed, Bonds and the ProphecySo Everyone is bearish and for good reason; Unemployment and fundamentals loom over this market but everyone forgets the Bond market and the FED who are pushed by the republicans and Donald Trump, above anyone else, to push the stock market higher. They are pushing the bond guys to buy this market and are printing all the cash necessary to keep it going (stimulus checks and loans). There is also that Simpson's prophesy looming in the background about how DT is going to bankrupt the US which may actually play out. So what if this is how it happens because what's the alternative, the stock market does what the least likely is going to happen and right now it either goes sideways forever or it goes up. Going down with all this cash floating around seems unlikely but it can happen and many bears have tried believe me. So I see a stock market bubble forming, at least for a short period of time. I do see another crash but only after things actually look grim again like a second big wave in November but right now it is fated to keep going up because of these factors in play. PS: Maybe this is the Top.
SP:SPXLong
by carlos5577
3
HAS DOW STARTED ITS JOURNEY TO DOWN SIDE SEE YORSELF !!!COMPARING MY SATEMENTS FOR LAST TWO POSTS WITH THE ACTUAL MOVE IN DJI 1. In yesterday post point no 2. I clearly mentioned that if dow opens gap down . As it opened slightly gap down, one should wait for price breching red dotted zone to short . In monday post I clearly mentioned that swing high Z is the stop loss for shorts positional trade. That high is still intact. Both days post are attached for those who really want correct insight for this index. They can check all details to understand the present phase of dow. 2. As you can see price is still above the red dotted line so this is no trading zone for positional new traders . Those who are already in trade can put sl of Z point swing high. Now for new traders, for positional trades , let price break the lower end of zone and it sustains 30 mins after breaking then positional shorts can be initiated. Trend change to upwards direction when price breach Z swing high. Rest market will decide. YOGESH VATS
TVC:DJIShort
by yvatsji
2