Tag: US marketSort
The January Effect On The Dow Jones Industrial Average
Happy New Year everyone!!! The Santa Clause Rally gave the Dow Jones Industrial Average (^DJI) a decent rise for the final month of 2010. From 11,007.30 on December 1st, the ^DJI ended the month up by 570.20 points to 11,577.50. Moreover, the “January Effect” is on the way and could further boost the Dow’s ascend.
The S&P 500 and the US Economy on Shaky Ground – August 30, 2010
Welcome to another week of stock trading my friends! Last week I noted the possibility of a breakdown in the Dow Jones Industrial Average (please see it here). Well, guess what. The broader S&P 500 appears to confirm where the Dow and the US economy are heading. As you can see from the $SPX’s weekly chart, the index has been forming a head and shoulders pattern.
S&P 500: US Economy Almost Double-Dipped – July 14, 2010
Hiyo stock friends! It’s good to be back in the market again! Anyway, on today’s post is the daily canvas of the S&P 500. Like the Dow Jones in my friend’s post during the past weekend (kindly see it here), the broader index of the US, which for me, is more representative of the US’s economy, has also risen back to life after making a false break down.
Dow Jones Industrial Average Breakdown – July 4, 2010
Here’s a weekend wrap-up of the Dow Jones Industrial Average (^DJI). The ^DJI has broken down from the neckline of the head and shoulders formation (indicated by the red circle), following the same fate of the Nasdaq Composite (kindly click here to see it) and the S&P 500 (kindly click here to see it). Its value could now decline to the 9,378.77 support.
Red alert on the Dow! Watch out! The Dow Jones Industrial Average (^DJI) is at risk of breaking down! From my last post about the index a couple of days ago (kindly check my past entry here), it has finally approached the neckline of a head and shoulders pattern. The NASDAQ, which I presented earlier today (see here), already shows a breakdown from the same formation.