The Dow Jones Industrial Average (DJIA) is a stock market index that monitors 30 large, publicly traded blue-chip companies on the New York Stock Exchange (NYSE) and Nasdaq. Charles Dow and Edward Jones established the index in 1896. Also known as the Dow 30, it is considered a barometer of the broader U.S. economy.
The Dow Divisor, a fixed constant, is employed to determine the impact of a one-point change in any of the approximately 30 stocks constituting the Dow. At times, adjustments to the divisor are necessary to maintain the Dow’s consistent value.
Unlike a weighted arithmetic average and without representing the market cap of its component companies, the Dow is calculated by summing the prices of one share of stock for all components and dividing by the divisor. Consequently, a one-point shift in any component stock results in an equivalent change in the index.
DJIA Price = SUM (Component Stock Prices) ÷ Dow Divisor
Charts
- DJIA Index Primary (DJX)
- DJIA Index Alternate (DJX)
- Dow Jones Mini Futures (YM)
- Dow/PPI (DJX/PPI)
- Dow/Gold (DJX/AUD)
Analysis
- The Dow Jones is Cooked!
Elliott Wave Analysis of the Dow Jones Industrial Average. - Bitcoin is Dead, The Stock Market is Dead
Bitcoin and Stock Index Elliott Wave Analysis - The Bearish View
The bearish case for US Indexes and Bitcoin. - S&P 500, Bitcoin, Russell 2000, Dow Jones Bullish Alternatives
Bullish alternates for major markets. - Late June Muster
A roll up of hourly counts. - Member Exclusive Market UpdateMarket update for members only
- Off the Cuff – June 2024
Critical market update exclusive for Chart Wizard Trading members. - Wall Street Implosion
S&P 500 Elliott Wave Analysis - Early June Muster – Member Exclusive
An hourly roll up of several assets in US Markets, Bonds, Silver, and Bitcoin. - Late May Micro Count MusterA roll up of several near term counts across US Markets and Crypto.
- Macro Count MusterA run through of several macro size counts.
- Mid April Micro Count MusterA roll up of several hourly counts for members only.
- 3/27 Micro Count MusterA roll up of several hourly counts.
- 3/20 LivestreamMajor markets analysis concerning one more pump.
- Dow Jones Elliott Wave Analysis
- Pi Day MusterA roll up of micro counts in crypto, commodities, and U.S. markets.
- Live Macro Count Muster
A roll up of Macro Elliott Wave counts live on YouTube. - Off the Cuff March 24An impromptu live stream when with Bitcoin volatility spikes.
- Late February Micro Count MusterA rollup of hourly counts for US Indexes, Bitcoin, Solana, and Long Term US Treasuries.
- Is the Market Finally Topped?
Elliott Wave Analysis for S&P 500, Bitcoin, Dow Jones Industrial Average, and Solana. Insinuating a full on market top is imminent. - Mid February Muster
A round up of popular hourly chart counts, including: BTC, ETH, LTC, SOL, SPX, NDX, DJI, RUT, AUD. - Early February MusterA round-up of mini and macro counts for US Indexes, Bitcoin, Solana, Litecoin, and Cardono.
- What the Heck is a B Wave?
I discuss the attributes of a B wave as it pertains to the Elliott Wave Theory. - Late January Micro Count MusterAn overview of near term counts for US stocks and Bitcoin
- Early January Micro Count Muster
A look at the local price action for Bitcoin, U.S. Stock Indexes, Gold and Oil. - 1000 Youtube Subscriber Special
A special 1000 subscriber special video release covering the macro view of some top charts. Including a small dive into some Fibonacci relationships. - DJIA: Proceed with Caution
The previous primary count for the DJIA is invalidated. It’s hard to believe but the market continues to advance on a narrow list of stocks. There is not a way label an analytically pleasing 5 wave move from the October 2022 low. Therefore, the next count remains corrective. Elliott described B waves as phonies, orgies… Read more: DJIA: Proceed with Caution - Are We Just Moving the Goal Post?
I’ve changed the count for the Dow Jones Industrial Average. The July High Broke. Am am simply moving the goal post to meet a pre conceived narrative? As much as it may seem that way to many who do not understand the fractal nature of financial markets, I am not. My job is to determine… Read more: Are We Just Moving the Goal Post?