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Dow Jones Industrial Average (DJI)

NYSE
Currency in USD
Disclaimer
37,900.85
+125.47(+0.33%)
Real-time Data

Dow Jones Industrial Average Discussions

On first take the market seems unconvinced by the rate cut announcement. Technically Dow failed to test the 1D MA200 (which is now at 27,315) and is our short term Resistance, so we may have another round of volatility at least until Friday's Nonfarm Payrolls. 1D remains negative (RSI = 36.493, MACD = -719.800, ADX = 52.044) and still a good long term buy. I am expecting though today's pull back to cover at least 50% of Monday's gains (0.5 Fib is at 25,865). Like I said we are up for a very volatile week and the safest short term strategy is to buy near Monday's low and sell near today's high, until we break that.
Thanks George
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