Markets

Dow Jones – There is some calm

The development of the Dow Jones Industrial Average® last Monday impressively demonstrated that FOMO, i.e. the fear of missing out, is rarely a good advisor on the stock market. After the steep jump in price at the beginning of trading, which led the index to a new all-time high, nothing worked for buyers in regular trading. The index set back sharply on the intraday. A pullback to the 29,199 point mark has already taken place and has been successful. Further supports can be mentioned at 28,958 and 28,892 points. Such a lower return should definitely be taken into account, especially if the previous weekly lows are undercut. If the index falls back into the trend channel, there is even a risk of a gap close at 28,432 points.

On the upside, the old all-time high at 29,569 points serves as resistance. Only then would courses of 30,000 points be achieved. The previous weekly and record high of 29,933 points would in this case only be a transit station.

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

Observation period: 28.08.2020 – 10.11.2020. 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: November 1, 2015 – November 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

Underlying WKN Ask rate / EUR Base price / knock-out in pts. lever Final valuation date
Dow Jones® Index HR1Y0F 53.76 23,200.00 4.68 December 15, 2020
Dow Jones® Index HR1HYN 36.75 25,200.00 6.85 December 15, 2020
Source: HypoVereinsbank onemarkets; Status: 11/11/2020; 3:42 pm

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 29.43 32,900.00 8.55 December 15, 2020
DowJones® Index HR1J1M 11.28 30,750.00 22.32 December 15, 2020
Source: HypoVereinsbank onemarkets; Status: 11/11/2020; 3:44 pm

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The article Dow Jones – There is some calm first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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