Markets

Dow Jones – It worked on the second attempt

After a first clear rebound to the south, the Dow Jones Industrial Average® in yesterday’s trade made it well above the 26,611 point mark and closed the gap at 26,938 points. Since this increase was primarily due to another price gap at the start of trading, it was now difficult to trade. Only with positions held overnight would you have benefited from this jump. The index opened strongly in regular trading, but came back significantly from the highs. The chart has now been adjusted to the top, but yesterday’s huge gap has a bland aftertaste. Consolidations in the Dow Jones Industrial Average® should now end above the new support at 26,611 points if possible. Otherwise, yesterday’s increase threatens to fizzle out again. Especially if the two uptrend lines are broken, the sellers could fight back significantly.

If, on the other hand, the index defends 26,611 points, the next target on the top would be 27,100 points. Again, the June high at 27,580 points is waiting for a test. Overall, the Dow Jones Industrial Average® remains the weakest of the three major US indices.

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

Observation period: April 29, 2020 – July 15, 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: July 1, 2015 – July 15, 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

Underlying WKN Ask price / EUR Base price / knock-out in points lever Final valuation day
Dow Jones® index HZ20TK 25.51 23,750.00 9.18 08/31/2020
Dow Jones® index HZ2YKA 48.58 21,100.00 4.82 08/31/2020
Source: HypoVereinsbank onemarkets; As of: July 16, 2020; 2:58 p.m.

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

Underlying WKN Ask price / EUR Base price / knock-out in points lever Final valuation day
DowJones® index HZ20W8 20.27 28,900.00 11.56 08/31/2020
DowJones® index HZ2UTD 42.18 31,400.00 5.53 08/31/2020
Source: HypoVereinsbank onemarkets; As of: July 16, 2020; 3:00 p.m.

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The contribution Dow Jones – In the second attempt it worked first appeared on onemarket’s blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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