- Joined
- 12 April 2005
- Posts
- 842
- Reactions
- 0
Wysiwyg
Everyone wants money
- Joined
- 8 August 2006
- Posts
- 8,428
- Reactions
- 284
Looking for a swing / nay plummet low and bounce here somewhere. 11100 broken with ease and maybe 11000 soon too. Catch the knife??? Noooooo. 
- Joined
- 10 July 2004
- Posts
- 2,913
- Reactions
- 3
Looking for a swing / nay plummet low and bounce here somewhere. 11100 broken with ease and maybe 11000 soon too. Catch the knife??? Noooooo.
Smashed thru 11,000 down to 10,809. Maybe 10,000 soon too. How many knives do you want to catch? LOL
Remember one important fact.
This time, there is no fallback plan.
Only empty rhetoric.
Good luck with that....
Wysiwyg
Everyone wants money
- Joined
- 8 August 2006
- Posts
- 8,428
- Reactions
- 284
Actually sold my shorts from 11460 way too early in hindsight (LOL) but experience shows covering rallies can go a long way and a covering/relief/bounce/dead cat rally will happen.
- Joined
- 12 October 2015
- Posts
- 34
- Reactions
- 3
Re: NYSE Dow Jones finished today at:
Will The Old Economy, Become The New Hot Trend:
At the moment it looks the Dow Jones ındex wıll perform the best move
Since the days are gone, and I continued to accompany the move, I do not claim to be a prophet - the prophecy was given to fools, but after election night, after the previous election process - there is one clear conclusion, stemming from lookıng the charts and trading volumes
Markets want up - markets rally is expected to continue.
In terms of support and resistance levels given the target
You can see the candles and cycles in the graph below - pattern represents buyers are willing to buy, every time when it comes to the bottom line, but at lower prices.
Support levels: Amendment to the 18,620 would not be surprising, as long as the index will be supported above the 18,340 points level trend is upwards, ıf the dow jones wıll break down 18,240-18,340 points again, I’ll analyze the situation again.
Will The Old Economy, Become The New Hot Trend:
At the moment it looks the Dow Jones ındex wıll perform the best move
Since the days are gone, and I continued to accompany the move, I do not claim to be a prophet - the prophecy was given to fools, but after election night, after the previous election process - there is one clear conclusion, stemming from lookıng the charts and trading volumes
Markets want up - markets rally is expected to continue.
In terms of support and resistance levels given the target
You can see the candles and cycles in the graph below - pattern represents buyers are willing to buy, every time when it comes to the bottom line, but at lower prices.
Support levels: Amendment to the 18,620 would not be surprising, as long as the index will be supported above the 18,340 points level trend is upwards, ıf the dow jones wıll break down 18,240-18,340 points again, I’ll analyze the situation again.
greggles
I'll be back!
- Joined
- 28 July 2004
- Posts
- 4,480
- Reactions
- 4,554
DJIA getting smashed again tonight. It crashed through 25,000 with relative ease and is now down around 1,050 points. We're definitely in bear market territory now.
Not a time to be trying to catch falling knives, that's for sure.
Not a time to be trying to catch falling knives, that's for sure.
- Joined
- 14 February 2005
- Posts
- 15,235
- Reactions
- 17,341
An issue I expect would be automated trading systems (institutions especially) which are oblivious to the existence of the corona virus and are simply seeing the price action in the market and dumping stock accordingly.
There's been mention in various thread quite a while ago that whenever a decent decline came, it would happen swiftly. That point would seem to have arrived.
We'll get a bounce though and I wouldn't be at all surprised to see that next week. What comes next is the big question?
greggles
I'll be back!
- Joined
- 28 July 2004
- Posts
- 4,480
- Reactions
- 4,554
DJIA DOWN 1,884 POINTS (7.29%) AT THE OPEN! TRADING HALTED!
- Joined
- 14 February 2005
- Posts
- 15,235
- Reactions
- 17,341
DJIA DOWN 1,884 POINTS (7.29%) AT THE OPEN! TRADING HALTED!
So the DJIA is now down ~19% from the high on 12 February.
I've been reading plenty, listened to a couple of podcasts and so on and a point which various analysts have made in respect of the US markets is that most prior "shocks" have resulted in a 20 - 27% decline from the peak.
Anything's possible but given the sheer speed of the fall I think that's sounding rather optimistic now......
greggles
I'll be back!
- Joined
- 28 July 2004
- Posts
- 4,480
- Reactions
- 4,554
So the DJIA is now down ~19% from the high on 12 February.
I've been reading plenty, listened to a couple of podcasts and so on and a point which various analysts have made in respect of the US markets is that most prior "shocks" have resulted in a 20 - 27% decline from the peak.
Anything's possible but given the sheer speed of the fall I think that's sounding rather optimistic now......
I agree. Market has reopened and the DJIA is now down over 2,000 points. The scary thing is that I can't see confidence returning in the short term. I think the DJIA could be back at 20,000 in the next few weeks if the coronavirus situation gets worse.
- Joined
- 14 February 2005
- Posts
- 15,235
- Reactions
- 17,341
Agreed although I wouldn't be surprised if a bounce of sorts starts from here.
My thinking is that anyone who wants out in a hurry has probably just done so.
Dona Ferentes
Pengurus pengatur
- Joined
- 11 January 2016
- Posts
- 15,912
- Reactions
- 21,696
what you trade today may \not be the same thing tomorrow:
The about to be splitting of Apple shares via a reverse four for one division has triggered a historic change in the Dow Jones average – oil giant Exxon Mobil is out, as is drug group, Pfizer and defence manufacturer Raytheon Technologies. Cloud-based customer relations management software group Salesforce replaces Exxon Mobil in something of a surprise, biotech drugmaker, Amgen replaces Pfizer and industrial group, Honeywell will replace Raytheon.
The Apple split will have a dramatic impact on the ranking of the companies in the 30 stock Dow. Apple will fall from Number one to Number 17 because the Dow is a price-weighted index). The top three stocks will become UnitedHealth Group Inc., Home Depot, and Amgen in that order.
The ousting of Exxon is a historic move as it has been a Dow member for 92 years. It joined in October 1928 (a year before the Great Crash), when it was called Standard Oil of New Jersey. For decades the company was one of the 10 most valuable publicly traded companies, and for six straight years—from 2006 through 2011—it was the most valuable company in terms of market value.
S&P Dow Jones said the changes were “prompted” by Apple’s four for one split which happens after the close this Friday (Ie from trading next Monday) will reduce the index’s tech-sector weighting in the Dow, hence the rebalancing.
“The announced changes help offset that reduction,” S&P Dow Jones said in a statement. “They also help diversify the index by removing overlap between companies of similar scope and adding new types of businesses that better reflect the American economy.”
Apple joined the Dow back in 2015 not long after a seven for one stock split.
“The changes won’t disrupt the level of the index,” S&P Dow Jones said in a statement. “The divisor used to calculate the index from the components’ prices on their respective home exchanges will be changed prior to the opening on Aug. 31, 2020."
While that is true, American market analysts point out that there is another, very good reason, for Exxon Mobil to be punted – underperformance. Its shares traded for more than $US104 in June 2014, against $US41 today. Even taking dividends into account, it has underperformed the Dow since 2014 by 21%.
The last venerable US company to be punted from the Dow was General Electric back in 2018. It has underperformed the Dow since then at an annual rate of 21% while the Dow has risen at an annual rate of 9%.
Apple shares closed Tuesday at $US499.30 valuing it at $US2.15 trillion. It hit an all-time high of $US515.14 last Friday in trading. If the $US500 level holds, the theoretical value of the new shares post-split will be around $US125
https://www.sharecafe.com.au/2020/08/26/apple-stock-split-triggers-historic-dow-shake-up/
The about to be splitting of Apple shares via a reverse four for one division has triggered a historic change in the Dow Jones average – oil giant Exxon Mobil is out, as is drug group, Pfizer and defence manufacturer Raytheon Technologies. Cloud-based customer relations management software group Salesforce replaces Exxon Mobil in something of a surprise, biotech drugmaker, Amgen replaces Pfizer and industrial group, Honeywell will replace Raytheon.
The Apple split will have a dramatic impact on the ranking of the companies in the 30 stock Dow. Apple will fall from Number one to Number 17 because the Dow is a price-weighted index). The top three stocks will become UnitedHealth Group Inc., Home Depot, and Amgen in that order.
The ousting of Exxon is a historic move as it has been a Dow member for 92 years. It joined in October 1928 (a year before the Great Crash), when it was called Standard Oil of New Jersey. For decades the company was one of the 10 most valuable publicly traded companies, and for six straight years—from 2006 through 2011—it was the most valuable company in terms of market value.
S&P Dow Jones said the changes were “prompted” by Apple’s four for one split which happens after the close this Friday (Ie from trading next Monday) will reduce the index’s tech-sector weighting in the Dow, hence the rebalancing.
“The announced changes help offset that reduction,” S&P Dow Jones said in a statement. “They also help diversify the index by removing overlap between companies of similar scope and adding new types of businesses that better reflect the American economy.”
Apple joined the Dow back in 2015 not long after a seven for one stock split.
“The changes won’t disrupt the level of the index,” S&P Dow Jones said in a statement. “The divisor used to calculate the index from the components’ prices on their respective home exchanges will be changed prior to the opening on Aug. 31, 2020."
While that is true, American market analysts point out that there is another, very good reason, for Exxon Mobil to be punted – underperformance. Its shares traded for more than $US104 in June 2014, against $US41 today. Even taking dividends into account, it has underperformed the Dow since 2014 by 21%.
The last venerable US company to be punted from the Dow was General Electric back in 2018. It has underperformed the Dow since then at an annual rate of 21% while the Dow has risen at an annual rate of 9%.
Apple shares closed Tuesday at $US499.30 valuing it at $US2.15 trillion. It hit an all-time high of $US515.14 last Friday in trading. If the $US500 level holds, the theoretical value of the new shares post-split will be around $US125
https://www.sharecafe.com.au/2020/08/26/apple-stock-split-triggers-historic-dow-shake-up/
Similar threads
