🎁$DIA Show Double Reversal Signal, a Good Choice in H22023?

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1. $SPDR DJIA ETF(DIA)$ Show Double Reversal Signal

The ETF $SPDR DJIA ETF(DIA)$ which tracks the components stocks of $DJIA(.DJI)$ just broke a long-term neckline this week and is showing a Double Reversal Signal. On Thursday's trading day, technology stocks showed a relatively large level of correction, but $SPDR DJIA ETF(DIA)$ still closed up 0.5%. Do you expect $SPDR DJIA ETF(DIA)$ and its constituent stocks to usher more gains in the coming future?

2. Why to Focus on $SPDR DJIA ETF(DIA)$

• Compared with the $S&P 500(.SPX)$ & $NASDAQ(.IXIC)$ which all have 6 trillion-dollar market capitalization stocks, $DJIA(.DJI)$ only has two trillion-dollar market capitalization constituent stocks ( $Apple(AAPL)$ & $Microsoft(MSFT)$ ). The rest 8 of the top10 companies as $Visa(V)$ , $UnitedHealth(UNH)$, $JPMorgan Chase(JPM)$ , $JPMorgan Chase(JPM)$ , $Johnson & Johnson(JNJ)$ , $Wal-Mart(WMT)$ , $Procter & Gamble(PG)$ , $Home Depot(HD)$ , $Chevron(CVX)$’s market cap are between$29 billion and $49 billion. Besides the decent YTD 2023 of $Apple(AAPL)$ & $Microsoft(MSFT)$ , the YTD of the other eight companies in 2023 are mixed.

• The top 5 holdings out or 30 total stocks $SPDR DJIA ETF(DIA)$ are $UnitedHealth(UNH)$ , $Microsoft(MSFT)$ , $Goldman Sachs(GS)$ , $McDonald's(MCD)$ , $Home Depot(HD)$, a total weight of 34.16%. Considering of the tech stocks probably cools off soon,and the market expects that industrial, material, finance, and transportation sector will see better rise.

• Since the beginning of 2023, the $DJIA(.DJI)$ (YTD23 is 6.27%)has been lagging the market this year compare to $NASDAQ(.IXIC)$'s (YTD23 is 34.37%)big tech stocks skyrocketed. In addition stocks of $UnitedHealth(UNH)$, $JPMorgan Chase(JPM)$ , $Johnson & Johnson(JNJ)$ showing earnings beat. It is possible that $SPDR DJIA ETF(DIA)$ will benefit the earnings results.

3.Other Technical Analysis on $SPDR DJIA ETF(DIA)$

@dana_marlane, the female trader on twitter made a statements: the $DJIA(.DJI)$ $SPDR DJIA ETF(DIA)$ just broke out of a massive ascending triangle. This is bullish.

@dana_marlane from twitter

@TrendSpider pointed Inverse H&S breakout continuation from the $DJIA(.DJI)$ $SPDR DJIA ETF(DIA)$ today, green in a sea of red! Rotation happening?

@TrendSpider

@MortensenBach, Macro researcher, financial news provider from twitter said, massive break of neckline after upbeat earnings from big banks!! It may goes out a Inverse Head and Shoulders pattern.

@MortensenBach,

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• Will you take time to consider $SPDR DJIA ETF(DIA)$ for your portfolios and why?

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