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Dow Trading Strategy for 13th November 2024Dow Trading Strategy: Buy Above 44,300 / Sell Below 44,030 Current Price: 44,025.00 USD Key Levels: Buy Signal: If the price closes above 44,300 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 44,030 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 44,025.00 USD, just below the sell signal level. The market is showing signs of bearish momentum, but it's important to monitor the price closely, especially around the 44,000 to 44,100 levels, which could act as support or resistance. Recommendations: Buy: If the price sustains above 44,300 on the one-hour candle close, consider entering long positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 44,500 and 44,600. Sell: If the price breaks below 44,030 on the one-hour candle close, consider short positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 43,900 and 43,800. Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
BLACKBULL:DJ30.F
by ramkkyy
A comparison of US Economy under Trump Vs Joe Biden PresidencyIt is debatable whether any sitting US President can exert much control over an economy that is as large and as complex as that of the U.S. But Stock Markets are a fair indicator of the overall state of the US economy based on investor sentiment in the markets. So let's have a look at the various factors that affected how the Dow Jones (as an illustrative example) and the US economy in general fared under Trump Vs Biden-Harris. 1. The DJI gained an impressive approx +12337 points (+67.22%) during the Presidency of Donald Trump, whereas it gained an equally impressive +11,868 points (+38.70%) under Biden-Harris. 2. Yet, the markets stumbled in the Second year of each Presidency - due to COVID lock downs, rising interest rates, Government shutdowns, Trade friction with China (under Trump), and rise in Inflation and interest rates (under Biden). 3. Year-3 was best under each Presidency, with impressive returns and dividends partly driven by reduction in interest rates (under Trump), Billions of Dollars in Stimulus packages, and reopening of economy post COVID and burgeoning AI driven boom (under Biden) and also lowering of interest rates (late into Biden Presidency). 4. Americans enjoyed relatively low Inflation under Trump, whereas resurgence of Inflation has been the biggest problem of Biden-Harris administration. The COVID induced supply chain snarls, geopolitical pressures, unleashing of pent-up demand, all pushed prices sharply higher under Biden-Harris. 5. Inflation has since cooled, most supply chains have normalised, Aggressive Fed rates have helped bring down price growth, still Inflation has increased by +20% during Biden-Harris Presidency and Americans are grappling under it's debilitating effects. 6. The US economy added 6.8 million jobs in the first three years under Trump, it then lost 9.8 million jobs in 2020 producing a Net Loss in employment under Trump. The US added 16.4 million jobs under Biden-Harris. 7. Americans ability to spend is usually their view of the economy. It is no surprise that most Americans feel they did better under Trump, when although wages were lower, but so was Inflation, with average hourly earnings rising +6.4% under Trump. While a tight labour market brought significant wage growth for most Americans under Biden-Harris, high Inflation has restricted purchasing power. The REAL Inflation adjusted wage growth under Biden-Harris is only +1.4%. 8. Notwithstanding a strong job market and economy under Biden-Harris, consumers aren't pleased with economic the conditions. But the Biden-Harris administration inherited a country suffering from the COVID pandemic fallout and soon Inflation added to the woes. Considering these factors Biden-Harris has done a fair job of keeping it together despite the added presuure of global geopolitical challenges. Even as the US markets are at All Time High levels, confidence in the trajectory of the economy is very low. The Gallup's Global Life Evaluation Index for US is registering low levels of confidence typically seen during recession. So, which Presidential candidate Trump or Harris, do you think will be better for the US economy in General and US and global markets in particular? Please let us know in the comments below. And we will have to wait and see who wins the elections this time and how the markets react.
TVC:DJI
by Jay_Maan
5
DATAPATTNS - 5 months consolidation / Downtrend Breakout Data Patterns (India) Ltd 1) Time Frame - Daily. 2) The Stock has been in a downtrend / consolidation since (September, 2023). Now It has given a breakout & Closed at it's 5 months High with good bullish momentum in Daily Time Frame. 3) Option 1 - With the strong 5 months consolidation breakout in Daily, Buy at this current level. Option 2 - Wait for the strong weekly candle's close above the price 2175.40. 4) Next target will be it's All Time High (2485). 5) Recommendation - Strong Buy
NSE:DATAPATTNSLong
by SHRIHARII
Banknifty: Bearish Trends and Cautionary SignalsBig Red Candle: Today's trading session witnessed a significant bearish movement, evident in the formation of a substantial red candle on the daily chart. EMA Confirmation: Adding to the bearish outlook, Banknifty closed below the 20 EMA, reinforcing the negative sentiment among traders. Short-Term Downtrend Signals: Lower Low and Lower High Lower Low Formation : Banknifty has created a lower low in the short term, coupled with a lower high, indicating a clear sign of a short-term downtrend. Cautious Optimism: Despite the bearish signals, we cautiously identify the 46900 zone as a potential bullish trend support, offering a glimmer of hope in the current market scenario. Exercise Caution and Watch Key Levels: High Probability of Downside: Acknowledging the strong likelihood of a downside movement, traders are advised to exercise caution and closely monitor market developments. Critical Level Alert: Today's low holds significant importance; a breach below this level may indicate unfavorable market conditions and should be considered a crucial signal for market participants.
NSE:BANKNIFTYShort
by iamrk7
2