Please disable Ad Blocker before you can visit the website !!!

Dow Jones 30 LONG

by SignalFactory   ·  June 12, 2020 | 09:03:39 UTC  

Dow Jones 30 LONG

by SignalFactory   ·  June 12, 2020 | 09:03:39 UTC  

The Dow Jones futures are trading higher after the stock crash yesterday when the Dow plunged more than 1800 points. Statistically speaking, whenever the Dow experiences a drop of this magnitude, it is normal to experience some bounce the next day. I suspect that the bounce is a dead cat bounce because the sentiment is further dented by the latest comments from the chief economist of the IMF who said that the world economy is growing much slower than anticipated and that the scars of the coronavirus pandemic may linger for a long time to come. In addition to this, we also had the UK’s GDP m/m data tank. The UK’s GDP has now contracted by 20.4% during April.

Investors are concerned about the likelihood of a so-called second wave of coronavirus in the US and whether the US economy will come to a halt once again. The chances of such a scenario repeating are minuscule because the US is much better equipped to deal with the situation now as opposed to during the initial outbreak when everything was unknown. The current spike in coronavirus cases in the US comes from the not having the disease completely controlled before states opening their economies and from Trump’s tweet about the killing of George Floyd, triggering civil unrest in the US. The current sell-off appears to be more of a correction for US stocks with a potential for returning to their Covid-19 lows — when the stock market crashed— due to excessive exuberance.

However, we should take note that investors were happy to buy the S&P 500 stocks when they were selling at a premium, and today they have an opportunity to buy the same stocks at a deep discount. These stocks still have the potential to become even cheaper if the sell-off continues. The market breadth of the S&P 500 still seems to suggest that the bull momentum has massively lost its mojo.

Dow Jones 30 LONG (Buy)

ENTER AT: 25844

T.P_1: 26225

T.P_2: 26705

S.L: 25074

Dow Jones 30
Dow Jones 30
All information on this website is of a general nature. The information is not adapted to conditions that are specific to your person or entity. The information provided can not be considered as personal, professional or legal advice or investment advice to the user. This website and all information is intended for educational purposes only and does not give financial advice. Signal Factory is not a service to provide legal and financial advice; any information provided here is only the personal opinion of the author (not advice or financial advice in any sense, and in the sense of any act, ordinance or law of any country) and must not be used for financial activities. Signal Factory does not offer, operate or provide financial, brokerage, commercial or investment services and is not a financial advisor. Rather, Signal Factory is an educational site and a platform for exchanging Forex information. Whenever information is disclosed, whether express or implied, about profit or revenue, it is not a guarantee. No method or trading system ensures that it will generate a profit, so always remember that trade can lead to a loss. Trading responsibility, whether resulting in profits or losses, is yours and you must agree not to hold Signal Factory or other information providers that are responsible in any way whatsoever. The use of the system means that the user accepts Disclaimer and Terms of Use. Signal Factory is not represented as a registered investment consultant or brokerage dealer nor offers to buy or sell any of the financial instruments mentioned in the service offered. While Signal Factory believes that the content provided is accurate, there are no explicit or implied warranties of accuracy. The information provided is believed to be reliable; Signal Factory does not guarantee the accuracy or completeness of the information provided. Third parties refer to Signal Factory to provide technology and information if a third party fails, and then there is a risk that the information may be delayed or not delivered at all. All information and comments contained on this website, including but not limited to, opinions, analyzes, news, prices, research, and general, do not constitute investment advice or an invitation to buy or sell any type of instrument. Signal Factory assumes no responsibility for any loss or damage that may result, directly or indirectly, from the use or dependence on such information. All information contained on this web site is a personal opinion or belief of the author. None of these data is a recommendation or financial advice in any sense, also within the meaning of any commercial act or law. Writers, publishers and affiliates of Signal Factory are not responsible for your trading in any way. The information and opinions contained in the site are provided for information only and for educational reasons, should never be considered as direct or indirect advice to open a trading account and / or invest money in Forex trading with any Forex company . Signal Factory assumes no responsibility for any decisions taken by the user to create a merchant account with any of the brokers listed on this website. Anyone who decides to set up a merchant account or use the services, free of charge or paid, to any of the Forex companies mentioned on this website, bears full responsibility for their actions. Any institution that offers a service and is listed on this website, including forex brokers, financial companies and other institutions, is present only for informational purposes. All ratings, ratings, banners, reviews, or other information found for any of the above-mentioned institutions are provided in a strictly objective manner and according to the best possible reflection of the materials on the official website of the company. Forex trading is potentially high risk and may not be suitable for all investors. The high level of leverage can work both for and against merchants. Before each Forex investment, you should carefully consider your goals, past experience and risk level. The opinions and data contained on this site should not be considered as suggestions or advice for the sale or purchase of currency or other instruments. Past results do not show or guarantee future results. Neither Signal Factory nor its affiliates ensure the accuracy of the content provided on this Site. You explicitly agree that viewing, visiting or using this website is at your own risk.

Signal Factory is now on Telegram

make sure to join our Telegram channel now and you will not miss any update