US 30 index

Stock market news – Dow Jones: Let the good times roll?

Posted on January 10, 2018 at 12:03 pm GMT

The Dow Jones industrial average index had one of its best performances on record in 2017, climbing an astounding 25%. The strong US economic outlook and expectations for a major tax overhaul were probably the main drivers behind the index’s surge. Looking at 2018, the Dow’s outlook remains bullish amid potential for major stock-buybacks by firms, though a lot could also depend on monetary policy and the path of US bond yields. A variety of factors can explain the Dow’s [..]

Technical Analysis – US 30 index drifts below 50-DMA as it consolidates after record high

Posted on September 22, 2016 at 11:14 am GMT

The US 30 stock index touched an all-time high of 18667.50 on August 15 but has been steadily drifting lower since, falling below the 50-day moving average. The recent consolidation has weakened the positive outlook for the index as it has headed back into the Ichimoku cloud. The short- to medium-term picture in the daily chart is therefore looking more neutral, though the underlying longer-term trend remains bullish as indicated by the upward trending 200-day moving average. The index is [..]

Technical Analysis – US 30 index futures pull back from 18000 level

Posted on June 10, 2016 at 2:12 pm GMT

The US 30 stock index futures pulled away from seven-week highs above 18000 to find support around the 17850 level. Further declines could see the index fall back into the Ichimoku cloud and the next support could come around the 17700 level. A break below this key level would neutralize the current positive bias, which has weakened after two days of losses. The weakened momentum is highlighted by the RSI having dipped sharply downwards. However, it remains above 50 and [..]

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Stock market news – Dow Jones: Let the good times roll?

Technical Analysis – US 30 index drifts below 50-DMA as it consolidates after record high

Technical Analysis – US 30 index futures pull back from 18000 level

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