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Index Trend Analysis Report

Prepared for you on Wednesday, November 13, 2019.

Dow Jones U.S. Basic Materials Index (INDEX:DJUSBM)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.

INDEX_DJUSBM
Open High Low DJUSBM Price Change
388.31 389.37 386.15 386.93 -3.17
Entry Signal

MarketClub’s Trade Triangles for DJUSBM

long term up The long term trend has been UP since Aug 28th, 2019 at 388.19

intermediate term up The intermediate term trend has been UP since Oct 28th, 2019 at 372.51

short term down The short term trend has been DOWN since Nov 13th, 2019 at 386.32

Smart Scan Analysis for DJUSBM

Based on a pre-defined weighted trend formula for chart analysis, DJUSBM scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for DJUSBM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
388.31 389.37 386.15 386.93 -3.17
Prev. Close Volume Bid Ask Time
366.25 98011645 2019-11-13 16:19:51
52wk High436.1152wk High Date2018-01-25
52wk Low343.1652wk Low Date2018-10-26
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