All Setup Can Fail | Dow Jones Industrial Average After Job Reports | AmiBrokerAcademy.com

February 5, 2017

Moses Stock Trading Blog Site – AmiBrokerAcademy.com

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Welcome to Moses’s US Stock Analysis @ AmiBrokerAcademy.com. 

Remember all setup can fail.

Dow Jones Industrial Average ^DJI  After Job Reports

As long as the price action does not close below the level. It is still bullish. As said, the market getting very volatile, trade what you see. You are always fifty percent right. The market is either up or down.

Just look at the MACD indicator, within just a short week, the indicator go through cross up, follow cross down, and again may be cross up again.

 

February 3, 2017 Dow Jones Industrial Average and MACD Indicator

 

Dow Jones Industrial Average ^DJI  and Fibonacci

Dow stop at the famous level 61%.

February 3, 2017 Dow and Fib

 

 

 

You can compare the Dow with the S&P 500 for benchmark.

February 3, 2017 S&P 500 and MACD Indicator

Moses

AmiBrokerAcademy.com

Disclaimer

The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.

These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.

Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.