Markets

Dow Jones – There won’t be much to save

First, an organizational note: there is no trading on the US stock exchanges on Friday. Independence Day falls on a Saturday this year, so Friday is already a public holiday in the USA. As a result, the monthly report with the newly created positions is presented on Thursday in addition to the weekly labor market data. In terms of economic data, it is a real super Thursday.So far, the Dow Jones Industrial Average® has been very weak in June. It is unlikely that the two remaining trading days can turn the bearish monthly candle again. It is therefore likely to be a highly volatile summer trade. As a trader, you have to be prepared for quick changes of direction and an increased risk of false signals.

In the daily chart, the index fell below an uptrend variant on Friday since April on Friday. There is now a risk that the index will be sold towards 24,765 / 24,680 points. The May breakout level is good support. If it does not hold, levies towards a large gap in May threaten between 24,060 and 23,730 points.

On the top, the path is blocked by numerous resistors. Only a recapture of the 26,000 point mark will restore a certain neutrality.

Dow Jones Industrial Average® index in points on daily chart; 1 candle = 1 day (log. Candle chart)

Viewing period: 30.03.2020 – 26.06.2020. Historical considerations are not reliable indicators of future developments. Source: www.guidants.com

Dow Jones Industrial Average® index in points per month; 1 candle = 1 month (log. Candle chart)

Observation period: June 1, 2015 – June 26, 2020. Historical considerations are not reliable indicators of future developments. Source: www.guidants.com

Investment opportunities

Turbo Bull on the Dow Jones Industrial Average® Index for speculation on an increase in the index

UnderlyingWKNAsk price / EURBase price / knock-out in pointsleverFinal valuation day
Dow Jones® indexHZ20TK12.4623,750.0017.7208/31/2020
Dow Jones® indexHZ2YKA35.6021,100.006.2908/31/2020
Source: HypoVereinsbank onemarkets; As of June 29, 2020; 3:50 p.m.

Turbo Bear on the Dow Jones Industrial Average® Index for speculation of a decline in the index

UnderlyingWKNAsk price / EURBase price / knock-out in pointsleverFinal valuation day
DowJones® indexHZ20W8 33.8928,900.006.4808/31/2020
DowJones® indexHZ2UTD 56.6831,400.003.9208/31/2020
Source: HypoVereinsbank onemarkets; As of June 29, 2020; 3:52 p.m.

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The contribution Dow Jones – There won’t be much to save first appeared on onemarket’s blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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