DIA & SPY

Buy signal in the DIA ETF, not confirmed in the SPY.

DOW JONES: Andrew's Pitchfork tool

Updating some indexes

Some possibles count for the wave 4:

This are some possible long term EW counts for the most important indexes.

DOW JONES INDUSTRIAL:

LONDON FINANCIAL TIMES STOCK EXCHANGE:

DOW JONES TRANSPORTS:

DOW JONES US FINANCIAL INDEX:

DIA

SPY - DIA: History repeats...

Look at this interesting patterns. Notice that one chart is daily, and the next is weekly. One is from 2010, the next is from 2008 / 2009. Notice the same volume pattern, the same wedge, the same MACD pattern and the same H & S. Looks easy, doesn't it?

Wait & See

Today's action was really strong.  But the trend continues down (Using weekly EMA's) and we have some resistances.  I am waiting for a signal to go short. 

S & P 500:

S & P 500:

Dow Trasnports

XLF:

There is no reason to go long

S & P 500 in EURO:

S & P 500:

DAX in USD:

The edge

S & P500:

SPY:

DOW TRANSPORTS:

Russel 1000 Financial index:

Following 1929

Keep following the development of this pattern.

Notice that the time of the development is different, but the pattern is the same.

If you are not impressed, look this. Currently, the next support in the channel in which the DOW JONES is moving is at 4.000 points. 

Get ready for a bounce

The indexes in Europe look very bullish. Bullish engulfing in DOW JONES

DOW JONES Financial:

DOW JONES Transports:

IBEX in USD:

FTSE in USD:

CAC in USD:

DAX in USD (from all the charts, this one looks the most bullish)

DOW JONES: Fundamental Analysis

During February and March, we have received the last balance sheets of the DOW JONES components. Using the statistics of Yahoo Finance and the information available in my broker, I made some relationships and comparisons between them. In addition, I compare the situation now and some periods ago. 

First, lets take a look to the Current Price / Book value relationship.  I am wondering why BA is so high, and the implications. AA, BAC, CVX, GE, DIS, JPM, KFT, T and TRV have good ratios.

Now, here we compare the beta of each stock. Notice that sectors like energy (XOM & CVX), consumer goods (KO, KFT, PG), Services (MCD & WMT), telecomunications (VZ & T) and drugs manufactures (PFE, MRK & JNJ) have the lowest. This are the "defensives" companies. 

Now that we have some idea about how this companies could react to the crisis, let's take a look on how they reacted until now. 

First, the revenues and the E.P.S.: MRK, T, PFE, MCD, PG, T, VZ and WMT were little affected. 

The E.P.S. growth vs. dividend growth (annual rate, from January 2007 to December 2009). It is interesting to notice the growth in the EPS of MRK, but this growth is not in relationship with the growth in dividend. Then, I would consider that an increase of dividends in MRK is something possible. MCD, PG, PFE and KFT are some companies in the same situation as MRK.

Revenue year over year (2009 vs 2008) and quarter over quarter (DEC/2009 vs SEP/2009). Notice that revenues from BA, HPQ, JNJ,, MCD, MRK, TRV, PFE, T and VZ were not affected.

Average annual  revenue, income and E.P.S. (2007 = 100%). I add up the revenue, income and E.P.S. of the 30 companies and divided by 30, to obtain an idea of this key numbers and their evolution during 2008 and 2009:

Average quarter revenue, income and E.P.S. (June 2009 = 100%):

DOW JONES, S & P 500, DOW TRANSPORTS & other key financial indexes trend lines & fibonacci's

DOW JONES INDUSTRIAL (weekly chart) -  Key trend line:

SPY (S & P 500) (weekly chart) -  Key trend line:

NASDAQ COMPOSITE (monthly chart) -  Key trend line:

DOW JONES TRANSPORTS (weekly chart) -  Key trend line:

DOW JONES US FINANCIAL INDEX (weekly chart) -  Key trend lines:

IWM iShares Russel 2000 ETF (weekly chart) -  Key trend lines:

IYR - DOW JONES REAL STATE iShares ETF (weekly chart) -  Key trend lines:

                              

To learn more on trendlines:

Stock charts trendlines (school)

Some US Indexes and key patterns

Previous related posts:
Real State Index and Financials 


Dow Jones Industrial