Markets

Dow Jones – Things get tough

If the Dow Jones Industrial Average® rebounded yesterday after the Fed’s interest rate decision to the resistance at 26,611 points, buyers can no longer be seen on the pre-exchange today. If there is no miracle, the index threatens to generate strong sell signals in the daily chart. As already described several times at this point, 26,384 points form an important support. As this mark is currently threatening to be undercut by downgap, the bears can let off steam and push the index towards the two EMAs 50 and 200. Upstream, horizontal support stops at 25,994 points.

On the upside, the mark of 26,611 points has again gained importance as resistance due to yesterday’s development. For a buy signal, however, the index must continue to rise above 27,100 points. Only in such a scenario would the way be clear for a test of the intermediate high at 27,580 points. At the moment this is not an issue, the bears are serious.

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

Viewing period: 06.05.2020 – 29.07.2020. 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 29, 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® indexHZ20TK21.0023,750.0010.8508/31/2020
Dow Jones® indexHZ2YKA43.4221,100.005.1908/31/2020
Source: HypoVereinsbank onemarkets; As of July 30, 2020; 2:56 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 23.7828,900.009.3908/31/2020
DowJones® indexHZ2UTD 45.0631,400.004.9508/31/2020
Source: HypoVereinsbank onemarkets; As of July 30, 2020; 2:58 p.m.

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The contribution Dow Jones – It gets down to business first appeared on onemarket’s blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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