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MarketScreener Homepage  >  Indexes  >  USA  >  DJ Industrial    DJI


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It's a party on Wall Street

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Mid-term Analysis published on 11/05/2019 | 11:31am

The euphoria persists on Wall Street where the indices are beating record after record. Daily increases pile up to form a one-way trajectory (+3.5% over the last month). Everything is pre-packaged for price increases, while on the other hand, there is no news to stop the Dow Jones from progressing.

This monthly rise completes an already very positive trend over 2019, accumulating 18% of earnings. The main contributors to the valuation of prices can be summarized in a few cases such as Caterpillar (22%), which benefits from the relaxation on the commercial case. The Dow chemist, one of the smallest capitalizations in the major index, follows with +21% as well as UnitedHealth (+15.2%). Further on, Apple adds 13% to its long list of upward sequences, bringing its annual advance to 67%. On the other hand, McDonald’s is down 10% against the trend. The brand is struggling to keep up with competitive pressure on deliveries and innovations.

Technically, the Dow Jones makes history with the passing of 27,360 points, a former historical point that had not been beaten since July. This is done with the recent overrun of the resistance zone, to access new targets such as the first, highly symbolic target of 28,000 points. An imminent return below 27,360 points would be required to place the index in a more neutral configuration in the short term

Patrick Rejaunier
© MarketScreener.com 2019
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DJ Industrial Technical Analysis Chart | MarketScreener
Full-screen chart
THE HOME DEPOT, INC. 215.375 Real-time Estimate Quote.-4.16%
VERIZON COMMUNICATIONS 52.745 Real-time Estimate Quote.-4.20%
MCDONALD'S CORPORATION 190.56 Real-time Estimate Quote.-4.60%
THE COCA-COLA COMPANY 52.205 Real-time Estimate Quote.-4.96%
BOEING COMPANY (THE) 271.705 Real-time Estimate Quote.-5.58%
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