Markets

Dow Jones Upward Momentum Waning – Columns

The Dow Jones Industrial Average® was able to close the downward price gap of May 11 on Tuesday, but the buyers were unable to do more. The all-time high from May of 35,000 points was not seriously attacked afterwards.
The last two (Doji) candles of the day tend to have a slightly bearish character, but are not yet a meaningful sell signal for the index in the run-up to tomorrow’s US labor market report.

As long as the EMA50 in the daily chart of the Dow Jones is not undercut by the end of the day, the higher-level bull market is to be regarded as intact for the time being. Larger setbacks above the EMA50 should therefore initially tend to be seen as a renewed (countercyclical) buying opportunity. Procyclical buy signals only arise here above 35,000 points.

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

old
Observation period: April 27, 2021 – June 2, 2021. Historical considerations are not reliable indicators for future developments. Source: Guidants

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

old
Observation period: June 1st, 2016 – June 2nd, 2021. Historical considerations are not reliable indicators for future developments. Source: Guidants

Turbo Bull warrants on the Dow Jones Index for speculation on an upward movement in the index

UnderlyingWKNSelling price in EURKo barrier in pointsleverLast valuation day
Dow Jones® IndexHR5LGU56.9927,7004.9906/30/2021
Dow Jones® IndexHR64BP32.3830,7008.7906/30/2021
Source: HypoVereinsbank onemarkets; May 28, 2021; 1:38 pm

Turbo Bear warrants on the Dow Jones Index for speculation on a downward movement in the index

UnderlyingWKNSelling price in EURKo barrier in pointsleverLast valuation day
Dow Jones® IndexHR7BWD45.2540,0506.2906/30/2021
Dow Jones® IndexHR6DDE27.4437,90010.3806/30/2021
Source: HypoVereinsbank onemarkets; May 28, 2021; 1:40 p.m.

Cashback trading – when the issuer pays my order fees!

Place orders as usual through your broker or bank. Activate cashback via the Cashbuzz website. Get a credit of up to 50 euros per trade (for trades from 1,000 euros) up to a maximum of 1,000 euros per month. Further information at: www.onemarkets.de/cashback

Please note the important information and the disclaimer.

This information does not constitute investment advice, but advertising. The public offer is made exclusively on the basis of a securities prospectus that has been approved by the Federal Financial Supervisory Authority (“BaFin”). Approval of the prospectus should not be understood as a recommendation to purchase these UniCredit Bank AG securities. Only the prospectus including any supplements is relevant and the Final Terms. It is recommended that you read these documents carefully before making any investment decision in order to fully understand the potential risks and opportunities when making an investment decision. You are about to acquire a product that is not easy and can be difficult to understand.

How the HVB products work

The contribution Dow Jones – The upward momentum is fading first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Henry Philippson

Note:
PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section. PERSONAL-FINANCIAL.COM AG is not responsible for content that is recognizably posted by third parties in the “News” area of ​​this website and does not adopt it as its own. This content can be identified in particular by a corresponding “from” label below the article heading and / or by the link “To read the full article, please click here.”; The named third party is solely responsible for this content.

Tags

Related Articles

Back to top button
Close
Close