Markets

Dow Jones – it goes on!

Gone are the boredom in the Dow Jones Industrial Average®. The index has recently developed splendidly, rushed to the resistance zone between 27,071 and 27,100 points and left it behind. The index not only reached its target of 27,580 points in yesterday’s trading, it literally overran it. The correction since June has now formally ended.The next target can be set at 28,170 points, above which there is a huge gap between 28,403 and 28,893 points in the daily chart. Temporary consolidations should not come as a surprise after the most recent run and offer entry opportunities above 27,580 points. In addition to this mark, the area from 27,100 to 27,071 points also serves as support from now on. Formally, the trend is intact as long as the lows hold at 25,992 points.

One thing is currently noticeable: US technology stocks are weakening. In contrast, the loser sectors of the year such as airlines, oil stocks and bank stocks have been bought for a few days. This also explains the current discrepancy between the Dow Jones Industrial Average® and the Nasdaq-100® index. Such phases did not last long in the past. So it will be exciting to see whether the techs will soon shake off their weakness again or move into a longer correction phase. Cash flows back into the old economy would definitely help indices like the Dow Jones Industrial Average®.

Dow Jones Industrial Average® Index in points on the daily chart; 1 candle = 1 day (logical candle chart display)

Observation period: May 28, 2020 – August 10, 2020. Historical considerations are not reliable indicators for future developments. Source: www.guidants.com

Dow Jones Industrial Average® Index in points on the monthly chart; 1 candle = 1 month (log. Candle chart)

Observation period: 08/01/2015 – 08/10/2020. Historical considerations are not reliable indicators for future developments. Source: www.guidants.com

Investment opportunities

Turbo Bull on Dow Jones Industrial Average® Index for speculation that the index will rise

UnderlyingWKNAsk rate / EURBase price / knock-out in pts.leverFinal valuation day
Dow Jones® IndexHZ20TK36.5023,750.006.5308/31/2020
Dow Jones® IndexHZ2YKA59.0021,100.004.0408/31/2020
Source: HypoVereinsbank onemarkets; As of: 08/11/2020; 2:18 pm

Turbo Bear on the Dow Jones Industrial Average® Index for speculation that the index may lose value

UnderlyingWKNAsk rate / EURBase price / knock-out in pts.leverFinal valuation day
DowJones® IndexHZ20W8 7.8528,900.0030.3608/31/2020
DowJones® IndexHZ2UTD 28.9431,400.008.2408/31/2020
Source: HypoVereinsbank onemarkets; As of: 08/11/2020; 2:20 pm

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The contribution Dow Jones – It goes on! first appeared on onemarket’s blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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