Dow Futures Trading Levels and Strategy for 09th December 2024Dow Futures Trading Levels and Strategy
Market Context
Dow Futures is showing potential for a breakout, and this strategy focuses on confirmation by waiting for candle closures to minimize false signals. Adjust position sizing according to your risk tolerance.
Buy Setup
Entry:
Wait for a 15-minute candle to close above 44,900.
Place a buy order above the high of that candle.
Targets:
45,050
45,150
45,300
Stop Loss: Place a stop loss below the low of the breakout candle.
Sell Setup
Entry:
Wait for a 15-minute candle to close below 44,600.
Place a sell order below the low of that candle.
Targets:
44,450
44,300
44,100
Stop Loss: Place a stop loss above the high of the breakdown candle.
Market Context
Dow Futures is showing potential for a breakout, and this strategy focuses on confirmation by waiting for candle closures to minimize false signals. Adjust position sizing according to your risk tolerance.
Disclaimer
The above analysis is provided for educational purposes only and does not constitute financial or investment advice.
Trading in futures involves significant risks, including the loss of capital.
Always conduct your own research or consult with a certified financial professional before making trading decisions.
Use proper risk management, including stop-loss and position sizing, to safeguard your investments.
Dowtrend
Dow Futures Trading Strategy for 03rd December 2024Dow Futures Trading Strategy
Buy Strategy:
Condition: Look for the price of Dow futures to close above 45050 on a one-hour candle.
Entry Point: Identify the high of the candle that closes above 45050.
Action: Place a buy order above this high once the one-hour candle has closed above 45050. This confirms that the market is trending upward and you’re looking to ride the momentum.
Sell Strategy:
Condition: Look for the price of Dow futures to close below 44800 on a one-hour candle.
Entry Point: Identify the low of the candle that closes below 44800.
Action: Place a sell order below this low once the one-hour candle has closed below 44800. This confirms a downward trend, signaling a bearish market.
Current Price: The current price of Dow futures is 44880.
Disclaimer: This strategy is for informational purposes only and should not be considered financial advice. Trading involves risk, and you should do your own research or consult with a financial advisor before making any investment decisions.
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.
USDINR Is the trend reversing with changing DOW theoryUSDINR was in a downtrend with Lower highs and Lower Lows
However, today it formed a hammer at the bottom in daily time frame, which could be a bullish reversal sign
Also, in hourly time frame we can see, it is changing its DOW theory.
If it breaks the bullish flag, more upside possible. 1st target 73.32 / 73.40
else I will wait for bearish bet below 73. till then no trading zone.