Index Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
Dow Jones U.S. Banks Total Return Index (INDEX:DJUSBKT)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DJUSBKT
The long term trend has been DOWN since Aug 14th, 2019 at 875.91
The intermediate term trend has been DOWN since Aug 2nd, 2019 at 942.96
The short term trend has been UP since Aug 23rd, 2019 at 900.53
Smart Scan Analysis for DJUSBKT
Based on a pre-defined weighted trend formula for chart analysis, DJUSBKT scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1057.48||52wk High Date||2018-01-29|
|52wk Low||870.69||52wk Low Date||2018-10-24|