US30 trading strategy
Please what companies make up this us30 index and do you apply fundamentals when trading or do you just rely on technicals?
30 of the biggest US companies such as Apple, Nvidia, etc. When trading i basically use technicals
Price has broken out of today's London range we will await the commencement of a reversal back into the range before we buy
30 of the biggest US companies such as Apple, Nvidia, etc. When trading i basically use technicals
Let me contribute to this conversation: the Dow (aka US30) is price weighted meaning companies with a higher stock price have more impact in determining the price movement of the US30 index.
This is very different from other indexes like the NAS100 (Nasdaq) index which is market cap weighted so the biggest companies by market capitalization have a higher chance of determining the price movement of the index.
A buy opportunity for US30 is spotted as the reversal back into today's London range is showing signs of starting at the buy trigger.
Let me contribute to this conversation: the Dow (aka US30) is price weighted meaning companies with a higher stock price have more impact in determining the price movement of the US30 index.
This is very different from other indexes like the NAS100 (Nasdaq) index which is market cap weighted so the biggest companies by market capitalization have a higher chance of determining the price movement of the index.
Yes @hipkinmikw smaller companies by market cap like Goldmansacchs move the US30 index more than market giants like Nvidia
The dow is a much quieter index than the S&P500. The dow has just one ETF - the DIA ETF while the S&P500 has many ETFs. Basically for trading I prefer the dow but for investing I would invest in the S&P500
