Dow Jones Chart

[Wysiwyg]

If that is a continuation period of consolidation preceding this breakout then lookout new highs. Quite spectacular if so. A fake out, a pullback to the breakout area next? Rising inflation/interest rates is a slowly unfolding scenario so plenty of time to pull the pin later on it would seem.

 

[greggles]

Trump seems incapable of backing down on tariffs. He's itching for a fight.

Volume is increasing on the down days. The bulls are trying to hold the market up but the bears are winning. I suspect the DJIA will re-test YTD lows before the end of the financial year. Tonight should be interesting. I suspect we'll see another move down.

 

[greggles]

One month later and the DJIA has gone up to 25,400 and then back down again to take us back to where we were back in late May, breaking the uptrend that had been forming since the beginning of May.

24,400 appears to be an area of support but we have now had eight consecutive down days. Do we get a bounce tonight or a ninth down day?

 

[greggles]

DJIA holding and consolidating above 24,000 for now. It will break one way or the other eventually.

 

[greggles]

Dow Jones at its all-time high today. It closed at 26,656.98 after reaching an intraday high of 26,697.49.

DJIA looking very bullish now. I expect we'll see 27,000 in the very near future.

 

[Wysiwyg]

The phoenix that rose from the GFC ashes (I remember saying).

 

[greggles]

DJIA falls 832 points overnight in third worst day on record. The October curse. Plenty of nervous investors out there. Are we going to see more of the same tonight?

 

[willy1111]

DJIA falls 832 points overnight in third worst day on record. The October curse. Plenty of nervous investors out there. Are we going to see more of the same tonight?

View attachment 89681

Quite a spike in volume too.

Where do you think it will hold?

 

[greggles]

Quite a spike in volume too.

Where do you think it will hold?

Probably around 25,000 IMO. I expect we'll see more volatility in the coming week.

 

[SuperGlue]

"Trump says the Fed has ‘gone crazy’ after the Dow tumbles 830 points in one day"

mmmmm.....and he will say something silly and up goes the Dow 1000 points up.


https://www.marketwatch.com/story/t...-dow-tumbles-830-points-in-one-day-2018-10-10

 

[Wysiwyg]

CPI better than forecast, bargain buying, short covering?

 

[greggles]

Down she goes again! Another 545.91 point decline to close at 25,052.83.

Friday's are always a little ominous. I wonder what tonight will bring?

 

[willy1111]

Down she goes again! Another 545.91 point decline to close at 25,052.83.

Friday's are always a little ominous. I wonder what tonight will bring?

View attachment 89705

Even more volume than the previous day

 

[moXJO]

Probably heading back to bouncing around 24000 till after the midterms in the US. There must be some worry that the house will flip.

 

[CanOz]

I think the market is worried about risk, Bonds are now paying a better rate for "risk free".

Wheres the risk?

Political and Geopolitical in the form of trade disputes, risk of sovereign and localised defaults and the systemic credit risk associated with all of that.

I see the DOW in the range until the profile is ripe.

 

[sptrawler]

View attachment 89748 I think the market is worried about risk, Bonds are now paying a better rate for "risk free".

Wheres the risk?

Political and Geopolitical in the form of trade disputes, risk of sovereign and localised defaults and the systemic credit risk associated with all of that.

I see the DOW in the range until the profile is ripe.

Can you do that graph, on a time base back to about 2005? I can't seem to find one on the internet, not that I'm that good on the internet.

 

[greggles]

After the relative calm of July, August and September, volatility has returned in the last month with large daily ranges and unpredictable moves.

Today we are down 600 points and, I suspect, headed back to 24,000 by the end of the month.

 

[Porper]

After the relative calm of July, August and September, volatility has returned in the last month with large daily ranges and unpredictable moves.

Today we are down 600 points and, I suspect, headed back to 24,000 by the end of the month.

View attachment 90261

Who knows with U.S markets as they just keep going up. However it's the first time for years that impulsive (strong moves) lower and corrective (choppy) legs higher have formed. Not a positive sign. Lot's of caution required i.m.o.

 

[greggles]

Ouch! Looks like it's going to be a big down night on the U.S. markets. We could be in for a rough December.

 

[greggles]

YTD DJIA weekly chart looking very bearish and approaching yearly lows and support at around 23,400-23,500. Are we going to see a pre-Christmas sell off this year? Sentiment is turning negative in the mainstream media so a dip below support might spark a sell off.