Thursday Technical Analysis: DJIA (.DJI)
US30 Index (DJIA) CFD closed higher Wednesday.
The high range close set the stage for a steady to higher open Thursday in New York.
Stochastics and the RSI are Bullish indicating that sideways to higher prices are possible near term.
If DJIA extends the rally off last Wednesday’s low, the reaction high crossing is the next Northside target.
Closes below the 10-Day MA crossing are needed to confirm that a short term top is in.
The Dow Jones Industrial Average (.DJI), also called the DJIA, Industrial Average, the Dow Jones, the Dow Jones Industrial, the Dow 30, the DJIA, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow.
We are trading right now in the Live Trading Room come in and take a look, it’s free, Trade FX, Bonds, Equities and Options with the World’s Leading Platform Open an account here , call us at 312 219 1354, or Contact Us to get started.
The DJIA was 1st calculated on 26 May 1896.
Currently the DJIA is owned by S&P Dow Jones Indices, which is majority owned by McGraw-Hill Financial, it is the most notable of the Dow Averages, of which the 1st (non-industrial) was 1st published on 16 February 1885.
The averages are named after Mr. Dow and one of his business associates, statistician Edward Jones.
It is an index that shows how 30 large publicly owned companies based in the United States have traded during a standard trading session in the stock market.
The Stochastic Oscillator
The theory behind this indicator is that in an upward-trending market, prices tend to close near their high, and during a downward-trending market, prices tend to close near their low. Transaction signals occur when the %K crosses through a 3-period moving average called the “%D”
Latest posts by Paul Ebeling (see all)
- Mr Bear’s Hot Breadth on the Back of Our Necks - August 30, 2015
- Hillary Clinton Calls Republicans “Terrorists” She Is A Desperate Disgrace - August 30, 2015
- When Back Pain Strikes… - August 30, 2015
- Chinese Economy Resilient, Growth To Hold At 7% - August 30, 2015
- ‘Star Wars: The Force Awakens’ Will Headline At Imax for a Month - August 30, 2015
Trade FX, Equities and Options with the World's Leading Platform Open an account here , call us at 305 4904 116, or email us to get started.
Mr Bear’s Hot Breadth on the Back of Our Necks ... read more
China Plays Down Trade Impact Of RMB Yuan Depreciation $USDCNY ... read more
Gold Futures Gain On Speculation Of More Stimulus From US ... read more