These levels are modified to a fast reading and a slow reading and I found that the slow reading worked the best. All timeframes support the same conclusion: the Dow Jones bullish forecast for 2020 and 2021 has a very high reliability. The S&P 500 was more than 34% below its February high by Monday's close. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. How does refinancing a mortgage affect your credit score? When will our Dow Jones forecast invalidate? The longest timeframe is the quarterly chart on 100 years. A pivot is a value level or risky level that was violated within its time horizon. Airlines, restaurants, hotels and casino operators remained under pressure as the Trump administration weighs assistance for the industries hit hardest by the pandemic. His work appeared on major financial outlets like FinancialSense, MarketWatch, ... Email: taki.tsaklanos@gmail.com. Updated on: March 18, 2020 / 7:55 PM Watch out after this as we expect a stock market crash in 2022. We need to get this deal done today," Mnuchin told CNBC's Jim Cramer. This index is well below it 200-week simple moving average or “reversion to the mean” at 2,641.2. It’s the Dow’s Top Stock Wednesday. Corona Crash Update posted on April 27th 2020. The Dow Jones has a very long history so we can look at the longest timeframes. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Get this delivered to your inbox, and more info about our products and services. Still, Treasury Secretary Steven Mnuchin told CNBC on Monday that Democrats and Republicans are nearly in agreement on the package. Copyright © 2020 CBS Interactive Inc. All rights reserved. After the ‘risk on’ period in 2017 there was a ‘risk off’. Wells Fargo Stock Is Falling Because It Can’t Even Beat Earnings Estimates, U.S. Producer Prices Climbed 0.4% in September. What we are really interested in is to understand whether the stock bull market is the place to be invested in for 2020 and 2021. The small cap index is deep into bear market territory. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Opinions expressed by Forbes Contributors are their own. Honeywell Keeps Acting Like a Tech Company. Codiak BioSciences Stock Falls in Market Debut, Oil M&A Heats Up With Reported Talks Between Conoco and Concho. Dow closes below 20,000, wiping out nearly all the gains of Trump's presidency. All rights reserved. If we switch from 20-year Treasury rates (chart above) to 10-year Treasury rates (chart below) we see an even clearer picture. Hong Kong’s Hang Seng paced the decline in Asia, falling 4.2 percent, while China’s Shanghai Composite and Japan’s Nikkei fell 1.8 percent and 1.7 percent, respectively. The yield on the 2-year note rose 0.069 bps to 0.522 percent while the yield on the 10-year note rose 0.265 bps to 1.259 percent. ], [Corona Crash Update posted on March 27th 2020. We wrote this update on March 20th, 2020, at the depth of the Corona crash. This looks very bullish for stocks, and is supportive of a big bull market in stock markets in general and the Dow Jones in particular, The monthly chart confirms the quarterly. All Rights Reserved. At the time of writing (last week of Oct 2019) we are about to clear this one and only decision point on the Russell 2000 index chart: 1625 points. Once this index falls again below 22,000 points! Many investing tips and crypto market analysis. By far THE most important timing indicator for risk is the Russell 2000 index. Yes we have to guts to publish forecasts, and be ‘vulnerable’ and subject to criticism in case we prove to be ‘wrong’. FAQ - Updated Privacy Policy. The U.S. is likely already in a recession, according to Oxford Economics. The blue-chip index fell more than 1,300 points or 6 percent while the benchmark S&P 500 slipped 5 percent and tech-heavy Nasdaq Composite just under that level. It will continue its rise in 2021. With a high level of confidence we can say that stocks, especially the Dow Jones index, will rally higher in 2020 and 2021! Fundamental company data and analyst estimates provided by FactSet. Please scroll to the bottom to find the most up-to-date Dow Jones forecast for 2020 and 2021 with up to date Dow Jones charts. Wednesday's slump wipes out roughly three years of stock market gains, with the Dow closing below 20,000 for the first time since 2017. 02:19 PM ET. It's important for firms to position themselves for such a recovery. The sell-off is part of a historic market meltdown that has sent the Dow down nearly 40% since last month. Looking at its monthly chart and you will see its 120-month simple moving average at 18,010. In other words no matter how brutal this Corona crash was it did violate the 2009 bull market, but it did not impact the longer term uptrend. The Dow Jones Industrial Average traded as low as 18,213.65 on March 23 then rebounded by about 23%.

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