Markets

Dow Jones – Nothing Complying So Far (Part 2)

It couldn’t be nicer: the Dow Jones Industrial Average® has been spinning the forecast arrow very well in recent days. Buyers defended support at 26,611 points on a closing price basis, after which the index recovered significantly. Only the index has so far only reached 27,025 points. The goal was 27,100 points.Despite good conditions, the bulls in the Dow Jones Industrial Average® still don’t put the lid on. The longer the course attachment lasts, the higher the bears’ hopes will be that they can still strike back. Even if the index has not yet formally marked another high, it is currently a good idea to reduce the risk with hedges just below the low at 26,505 points. Because another loss of momentum with further lows could cost the bulls dearly. The sale of the triple support from EMAs and horizontal at 25,743 points threatens again below 26,384 points.

On the upside, however, the index could develop more momentum should the mark of 27,100 points be exceeded. The trend target is initially 27,580 points. The consolidation would only have formally ended since June at over 27,580 points. This in turn means that the buyers still have a whole range of tasks to do.

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

Viewing period: 29.05.2020 – 21.07.2020. 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 21, 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® indexHZ20TK25.5423,750.009.4508/31/2020
Dow Jones® indexHZ2YKA48.2821,100.004.7908/31/2020
Source: HypoVereinsbank onemarkets; As of: July 16, 2020; 3:22 p.m.

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

UnderlyingWKNAsk price / EURBase price / knock-out in pointsleverFinal valuation day
DowJones® indexHZ20W8 19.5428,900.0011.8408/31/2020
DowJones® indexHZ2UTD 41.2131,400.005.6108/31/2020
Source: HypoVereinsbank onemarkets; As of: July 16, 2020; 3:24 p.m.

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The contribution Dow Jones – So far nothing comes up (part 2) first appeared on onemarket’s blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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