Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

The Dow Jones Leads as Investors Prepare for Thanksgiving

by November 22, 2022
November 22, 2022
The Dow Jones Leads as Investors Prepare for Thanksgiving

The market had a relatively quiet day as investors look to the Thanksgiving holiday. Stocks did end lower on Monday, with the QQQs declining 1.1%. DIA lost 0.06% today. As seen in the chart above, starting from October 11, 2022, the Dow Jones (represented by DIA) outperformed the other key US Indices.

In comparison to the tech heavy QQQs, which are down -29.71% year to date, DIA is only down -7.8%. Although trading volumes are often lower during a holiday-shortened week, traders should remain vigilant. Our risk gauges continue to flash caution. Consumer Staples led on Monday with a gain of 1.1%, while Utilities have gained almost 3% over the last five trading days despite a decline in risk-on sectors.

Traders should monitor volatility closely, as well as the performance of each US index, because they offer a glimpse of where things could be heading by year’s end.

DIA is down modestly from recent highs while decisively outperforming small caps and technology. It is close to taking out the previous highs of mid-August. DIA shows leadership in the Triple Play Indicator and strong momentum in the Real Motion Indicator, as shown by the green arrows above.

The Trend Strength Indicator (TSI) score for DIA is positive at 3.38, which is exceptionally high, suggesting that the current trend is robust and has more longevity. The TSI is positive and the strongest of the four equity US benchmarks. DIA also crossed the 200-week moving average in early November and is now trading sideways, consolidating recent moves.

In an inflationary climate, investing in firms with strong cash flow, pricing power, and dividends becomes more appealing and many of these companies are in the Dow Jones. Using our proprietary trading indicators, such as Real Motion and Leadership, you will be able to trade effectively, recognize trend strength and pinpoint trend leadership for effective trading in any market condition.

Rob Quinn, our Chief Strategy Consultant, can provide more information about our proprietary trading programs, our Trend Strength Indicator (TSI), and offer you a complimentary one-on-one trading consult. To find out more about Mish’s Premium trading service, click here.

Follow Mish on Twitter @marketminute for stock picks and more. Follow Mish on Instagram (mishschneider) for daily morning videos. To see updated media clips, click here.

Mish in the Media

Read Mish’s latest article for CMC Markets, titled “What’s Next For Key Sectors After the Midterms“.

Mish explains why MarketGauge loves metals and is still patiently loading up equities on Business First AM.

Mish talks metals, rates, dollar, and which sector to buy/avoid in this appearance on UBS Trending.

See Mish talk with Charles Payne on Making Money about the Oil markets testing the limits of Fed policy, China, and what to buy in the metals.

ETF Summary

S&P 500 (SPY): 392 support and 397 resistance.Russell 2000 (IWM): 179 support and 185 resistance.Dow (DIA): 334 support and 340 resistance.Nasdaq (QQQ): 278 support and 286 resistance.KRE (Regional Banks): 60 support and 66 resistance.SMH (Semiconductors): 210 support and 219 resistance.IYT (Transportation): 222 support and 228 resistance.IBB (Biotechnology): 130 support and 136 resistance.XRT (Retail): 62 support and 67 resistance.

Keith Schneider

MarketGauge.com

Chief Executive Officer

Wade Dawson

MarketGauge.com

Portfolio Manager

0
FacebookTwitterGoogle +Pinterest
previous post
Biden Insists He Learned About Merrick Garland’s Decision to Appoint a Special Counsel to Investigate Trump From News Reports
next post
Rhode Island School Official Says ‘Misgendering’ Trans Children is an ‘Act of Violence’ and ‘Needs to Be Dealt With Accordingly’

You may also like

Stock Market Today: How to Scan for Post-Election...

November 5, 2024

Big Rally Ahead Should Yield All-Time High on...

June 6, 2025

The Halftime Show: Don’t Box the Invisible Man...

February 21, 2024

Following My Trades

August 3, 2022

Fresh Macroeconomic Look after CPI

May 10, 2023

Breadth is Not Keeping Pace with the Bounce

September 12, 2023

When to BUY, When to SELL, and When...

September 19, 2023

Gold’s Wild Ride: A Bullish Uptrend or a...

May 22, 2023

As Goes NVDA, So Goes the Market

September 3, 2022

Fight This Bullish Development At Your Own Risk

May 28, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Business leaders paralysed by risk warn BDO as caution stifles growth

      June 9, 2025
    • Starmer pledges £1bn investment to supercharge UK tech and AI infrastructure

      June 9, 2025
    • 5 terrifying flashpoints that could ignite global war

      June 9, 2025
    • HMRC inheritance tax investigations surge 37% as treasury seeks to plug revenue gap

      June 9, 2025
    • Believ secures £300m to roll out 30,000 public EV charge points across the UK

      June 9, 2025
    • US and China hold London talks to ease trade war tensions

      June 9, 2025

    Categories

    • Business (8,160)
    • Investing (2,019)
    • Politics (15,572)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved