Losses Continue As Dow Jones Finishes With Potential 'Bull Trap'

investing.com2021-08-19

Wednesday's news was not the continued losses from the bearish wedge in the Russell 2000 as such losses have remained contained by the trading range. Before moving on, the Russell 2000 (via IWM) does ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

cksl
2021-08-19
cksl
Agreed
- erichosk:
  yup
Alvin1975
2021-08-19
Alvin1975
Like pls
Genesis8888
2021-08-19
Genesis8888
short
georgiahobo
2021-08-19
georgiahobo
unpredictable
- xxbbew:
  Ok
jazzspeed
2021-08-19
jazzspeed
it's strange situation, whenever i become a bull i got trapped, and when i change to bear i also got trapped... [流淚]
- RossT:
  Trade within range Is the best!

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1169461939?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-08-19 17:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1169461939","market":"us","top_or_hot":-1,"title":"Losses Continue As Dow Jones Finishes With Potential 'Bull Trap'","media":"investing.com","content":"<div>\n<p>Wednesday's news was not the continued losses from the bearish wedge in the Russell 2000 as such losses have remained contained by the trading range. Before moving on, the Russell 2000 (via IWM) does ...</p>\n\n<a href=\"https://www.investing.com/analysis/losses-continue-as-dow-jones-finishes-with-potential-bull-trap-200599308\">Source Link</a>\n\n</div>\n","source":"lsy1594375853987","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Losses Continue As Dow Jones Finishes With Potential 'Bull Trap'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLosses Continue As Dow Jones Finishes With Potential 'Bull Trap'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-19 17:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investing.com/analysis/losses-continue-as-dow-jones-finishes-with-potential-bull-trap-200599308><strong>investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wednesday's news was not the continued losses from the bearish wedge in the Russell 2000 as such losses have remained contained by the trading range. Before moving on, the Russell 2000 (via IWM) does ...</p>\n\n<a href=\"https://www.investing.com/analysis/losses-continue-as-dow-jones-finishes-with-potential-bull-trap-200599308\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".IXIC","symbol_name":"NASDAQ Composite","start_time":0,"source_url":"https://www.investing.com/analysis/losses-continue-as-dow-jones-finishes-with-potential-bull-trap-200599308","article_id":"1169461939","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1169461939","pubTimestamp":1629366703,"sourceInfo":{"source_id":"lsy1594375853987","name":"英为财情Investing"},"weMediaInfo":null,"summary":"Wednesday's news was not the continued losses from the bearish wedge in the Russell 2000 as such los","collect":0,"end_time":0,"defaultTopTitle":"investing.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".IXIC":"NASDAQ Composite","NDX":"纳斯达克100指数",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"translate_title":"道琼斯以潜在的“牛市陷阱”收盘，亏损仍在继续","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"NDX":0.9},"content_text":"Wednesday's news was not the continued losses from the bearish wedge in the Russell 2000 as such losses have remained contained by the trading range. Before moving on, the Russell 2000 (via IWM) does have the 200-day MA to look for as a possible positive test despite the net bearish technical picture.\nIWM Daily Chart\nYesterday it was the Dow Jones Industrial Average (DJIA) which was perhaps the most disappointing. It had finally marked a breakout after a 3-month consolidation, which should have set it up for a nice run.\nHowever, Wednesday saw this breakout get washed away with an undercut and close below breakout support. Yesterday's loss came with a 'sell' trigger in the MACD and ADX.\nDespite this, it's not totally a goner. The index is outperforming the NASDAQ 100 and will soon be testing its 50-day MA. 'Bull traps' tend to be powerful topping patterns and if this evolves into something worse it will spell bad news for the S&P and probably the NASDAQ too.\nDJIA Daily Chart\nThe NASDAQ took a loss to take it to its 50-day MA, but remains well above June breakout support. Look for an intraday spike below its 50-day MA but a close above as I would expect to see some form of positive test here.\nCOMPQ Daily Chart\nThe Semiconductor Index is in a last chance saloon with rising support the only thing separating the index from its 200-day MA. The larger issue is that the index is back inside the prior consolidation, negating the breakout and setting up a likely move back to support of the March swing low. Technicals are net negative, confirming the weakness.\nSOX Daily Chart\nWhile weekly charts aren't showing a whole lot of damage in the markets, but we do have a scenario where there is little incentive for sideline money to step in and buy 'value.'\nPullback 'buys' require a clear trend to feed into this and the July swing low was that opportunity, but there was no continuation of the rally when it came to challenging the all-time high. Defensive sectors remain the best chance for longs; I am tracking somehere.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":838306346,"gmtCreate":1629371137585,"gmtModify":1676530018473,"author":{"id":"3569636004102018","authorId":"3569636004102018","name":"cksl","avatar":"https://community-static.tradeup.com/news/a087af60950603df73a0cec0bfd9380e","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3569636004102018","authorIdStr":"3569636004102018"},"htmlText":"Agreed","listText":"Agreed","text":"Agreed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/838306346","repostId":1169461939,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5579073,"gmtCreate":1629374529664,"gmtModify":1663232610940,"authorId":3575433293784452,"author":{"id":3575433293784452,"idStr":"3575433293784452","authorId":3575433293784452,"name":"erichosk","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-1","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Debut Tiger","description":"Join the tiger community for 500 days","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.07.24","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":838306346,"type":1,"supId":0,"prevId":0,"content":"<u>yup</u>","text":"<u>yup</u>","html":"<u>yup</u>"}],"langContent":"EN"},{"id":838974705,"gmtCreate":1629370647007,"gmtModify":1676530018272,"author":{"id":"3573788625955643","authorId":"3573788625955643","name":"Alvin1975","avatar":"https://static.tigerbbs.com/beba0668af2d109b87221754e75935b3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3573788625955643","authorIdStr":"3573788625955643"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/838974705","repostId":1169461939,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":838943083,"gmtCreate":1629368711742,"gmtModify":1676530017865,"author":{"id":"4087542139266640","authorId":"4087542139266640","name":"Genesis8888","avatar":"https://static.tigerbbs.com/e4f98317491476f70ae52333cf9e86bb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087542139266640","authorIdStr":"4087542139266640"},"htmlText":"short","listText":"short","text":"short","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/838943083","repostId":1169461939,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":838925738,"gmtCreate":1629367147224,"gmtModify":1676530017298,"author":{"id":"3584417828671237","authorId":"3584417828671237","name":"georgiahobo","avatar":"https://static.tigerbbs.com/d3d78a5b4a2c30f82d72cb73d5dc3ecd","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584417828671237","authorIdStr":"3584417828671237"},"htmlText":"unpredictable","listText":"unpredictable","text":"unpredictable","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/838925738","repostId":1169461939,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5578216,"gmtCreate":1629367712763,"gmtModify":1631890477338,"authorId":3573467106982618,"author":{"id":3573467106982618,"idStr":"3573467106982618","authorId":3573467106982618,"name":"xxbbew","avatar":"https://static.tigerbbs.com/39068f2ebe66e4e0b64c90ad557577c0","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":838925738,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":838928213,"gmtCreate":1629366814032,"gmtModify":1676530017223,"author":{"id":"3580340700781087","authorId":"3580340700781087","name":"jazzspeed","avatar":"https://community-static.tradeup.com/news/279520f8a08ed94bc72bf186dcf094e9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580340700781087","authorIdStr":"3580340700781087"},"htmlText":"it's strange situation, whenever i become a bull i got trapped, and when i change to bear i also got trapped...&nbsp;[流淚]&nbsp;","listText":"it's strange situation, whenever i become a bull i got trapped, and when i change to bear i also got trapped...&nbsp;[流淚]&nbsp;","text":"it's strange situation, whenever i become a bull i got trapped, and when i change to bear i also got trapped... [流淚]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/838928213","repostId":1169461939,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5578156,"gmtCreate":1629367040525,"gmtModify":1663232606330,"authorId":3571876457050464,"author":{"id":3571876457050464,"idStr":"3571876457050464","authorId":3571876457050464,"name":"RossT","avatar":"https://static.tigerbbs.com/c05489dba5744564e34adf12817967c5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":838928213,"type":1,"supId":0,"prevId":0,"content":"Trade within range Is the best!","text":"Trade within range Is the best!","html":"Trade within range Is the best!"}],"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":21,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1169461939"}