The technical situation of the Dow Jones Industrial index (the index containing the 30 most important stocks in the US stock market) is positive.
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Prices, after having fallen last March to a relative low of 31,345 points, made an important leap forward and climbed decisively over the solid graphic barrier at 34,700 points (thus making new highs for the year).
The primary trend is therefore bullish and is confirmed by the long position of the main directional indicators.
After a short settlement pause, necessary to discharge the strong overbought, a further extension is therefore possible.
In fact, a breakout of 35,350 points will open up further room for growth, with theoretical targets in the 35,680-35,720 area first, at 35,850 points later and towards the psychological threshold of 36,000 points later.
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It is difficult for now to hypothesise a bearish trend reversal: from a graphical point of view, in fact, only the break of the graphical support located in the 33,700-33,550 points area could provide a negative signal and trigger a rapid correction that will have a first target at 32,700-32,600 points.
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The following ETFs can be used to invest in the Dow Jones Industrial index:
iShares Dow Jones Industrial Average, ISIN IE00B53L435. This ETF has €880m in assets under management, provides physical replication of the underlying and adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.33% per annum.
Lyxor Dow Jones Industrial Average, ISIN FR000705684. It is an ETF with €261m in assets under management, which provides synthetic replication of the underlying (via a swap) and which adopts a distribution policy (with dividends being distributed semi-annually to investors). The total expense ratio (TER) is 0.50% per annum.
Amundi Dow Jones Industrial Average, ISIN LU2572256662. It is an ETF with €81m in assets under management, which provides for synthetic replication of the underlying (via a swap) and which adopts a distribution policy (with dividends being distributed semi-annually to investors). The total expense ratio (TER) is 0.45% per annum.
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Reproduction prohibited in any form, even partial
Disclaimer
The contents of these notes and the opinions expressed should in no way be regarded as an invitation to invest. The analyses do not constitute a solicitation to buy or sell any financial instrument.The purpose of these notes is financial analysis and investment research. Where recommendations are made, they are of a general nature, are addressed to an indistinct audience and lack the element of personalisation. Although the result of extensive analysis, the information contained in these notes may contain errors. Under no circumstances can the authors be held liable for any choices made by readers on the basis of such erroneous information.erroneous information. Anyone deciding to carry out any financial transaction on the basis of the information contained in the site does so assuming full responsibility.
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