Markets

Dow Jones – The 28,000 point mark falls before the trading day

The Dow Jones Industrial Average® fell below 28,170 points on an intraday basis last Thursday, but recovered significantly as trading continued. The bulls also managed to maintain this support on Friday, but no procyclical buy signals arose. With a view to the pre-trading booths, however, it is now becoming increasingly tight for buyers. The index is already valued below 28,000 points. The 27,980 point mark acts as a support in the daily chart. If the index gives up this support, only the EMA50, at currently 27,860 points, can save it from a significant slide. Here, 27,670 to 27,580 points could be considered as the first target area. On the downside, there is still a large gap in the chart at 27,239 points.

There are signs of some relaxation above the Friday high at 28,437 points. In this case, the Dow Jones Industrial Average® could rally to 28,733 points. However, the consolidation since the October high would not formally end until it reached a level above 28,958 points.

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

Observation period: August 19, 2020 – October 23, 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 (logical candle chart display)

Observation period: October 1st, 2015 – October 23rd, 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

Underlying WKN Ask rate / EUR Base price / knock-out in pts. lever Final valuation day
Dow Jones® Index HR1Y0F 40.09 23,200.00 5.98 December 15, 2020
Dow Jones® Index HR1HYN 23.29 25,200.00 10.31 December 15, 2020
Source: HypoVereinsbank onemarkets; Status: 10/26/2020; 2:10 p.m.

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

Underlying WKN Ask rate / EUR Base price / knock-out in pts. lever Final valuation date
DowJones® Index HR14GG 42.89 32,900.00 5.60 December 15, 2020
DowJones® Index HR1J1M 24.60 30,750.00 9.77 December 15, 2020
Source: HypoVereinsbank onemarkets; Status: 10/26/2020; 2:12 pm

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The contribution Dow Jones – Pre-trading falls the 28,000 point mark first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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