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Dow30

Dow Jones: Key level for buyers to defend.The index broke on Monday the 1D Channel Up (RSI = 57.363, MACD = 302.300), making a bottom below the Higher Low limit (Highs/Lows = -54.6429, B/BP = -113.5340). The rejection near the 26,280 1W Resistance can potentially escalate to a full 1W pull back towards the 1W Support Zone (24,140 - 24,280) but only if the 25,620 Monday low breaks. As seen on the chart that pattern supported the uptrend on a previous occasion, however this time the Channel Up broke and it may not hold. That is why we are only willing to sell if it breaks. TP = 24,860. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
DJ:DJI
by InvestingScope
1
UTX: Modern Dividend Dog of the DowUTX posted a Valentine's Day dividend, and now it's time to consider buying back into them. Despite an earnings miss, they're going strong with high winds on the US Federal budget negotiations in Washington yielding to compromise and better news for their Carrier and Otis Elevator brands appearing stronger through higher revenues favoring better terms on their plan to spin those off in 2020 to form a more aerospace oriented firm. With strong fundamentals, and a good position in the Dow 30, the time to buy after ex-dividend dates is now. Technicals show a strong but methodical plod upward with both MACD and ADX and directional movement showing no signs of the trend slowing down even if RSI appears slightly overbought hovering over 75 for the last two days, but that's OK around dividend payouts. The stochastic oscillator is very flat indicating that a strong breakout either up or down couple happen any day. Expect resistance at previous highs with strong signs of continuation if UTX can close and remain over the previous one of 132 and again at 140, 144 as well as potential profit taking swings from those that bought in post-earnings. Short interest is roughly 15% the average daily trading volume but appears to have no hold on the upward price momentum.
ULong
by chuckination
DE: Earnings Stock of the Day Deere & Company is one of the last to report earnings of the Dow 30 components today. High Frequency Trading firms (HFT) focus on blue chip earnings reports. DE is holding above the topping completion level for now but remains in a volatile trading range. All black lines on this weekly chart were drawn in the last quarter. Bounce support areas are defined in red. Although farm and construction equipment (mostly construction equipment) has been in high demand over the past couple of years as the US economy enjoyed its final expansion mode, that demand has declined since early this year. Deere is dependent upon construction cycles. Construction Cycles are dependent on the Real Estate Cycle, which is trending down to trough. Many real estate companies are finding it very hard to unload inventories of homes and commercial properties.
NYSE:DE
by MarthaStokesCMT-TechniTrader
$MMM Rising Wedge Pincher PLAY w/ 200 MA LOOMING!$MMM is your stock if you like rising pincher plays.... trend lines on price action shown in black on this chart... treding upwards and making higher highs and higher lows, but the 200 MA is looming of SO many stock within the DOW30 right now on these DAILY charts... if it is respected by the price action... the likely outcome will be prolonged stagnation moving forward with expectations of a solid 2019 fiscal year ahead within the US economy.... IF THE 200 MA gets busted with som UMPF... well the price will then climb in my opinion... watch how the price busts out of the rising wedge demonstrated by the trend lines in black... if price goes through upward trend line; expect BULLS TO RUN... if bottom wedge/trend line is busted... TIMBERRRRRRRR! lol
NYSE:MMM
by musclecars22