Index Trend Analysis Report
Prepared for you on Wednesday, November 13, 2019.
Dow Jones U.S. Thematic Market Neutral Momentum Index (INDEX:DJTMNMO)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for DJTMNMO
The long term trend has been DOWN since Sep 10th, 2019 at 1209.31
The intermediate term trend has been DOWN since Oct 22nd, 2019 at 1233.74
The short term trend has been UP since Nov 8th, 2019 at 1159.27
Smart Scan Analysis for DJTMNMO
Based on a pre-defined weighted trend formula for chart analysis, DJTMNMO scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1294.46||52wk High Date||2018-05-21|
|52wk Low||883.36||52wk Low Date||2017-12-06|