Dow jumps 200 points as the busy earnings week gets underway.

As investors braced for a deluge of corporate earnings reports, stocks increased on Monday.

The Dow Jones traded 250 points higher, or 0.6%.

Technology stocks Intel, Microsoft, and Cisco were among the Dow’s biggest gainers in Monday’s session.

As the Middle East continues to erupt in violence, yields, and oil prices continue to increase, and some on Wall Street are prepared for greater volatility towards year-end. Investors can, however, feel more optimistic in the near run if they concentrate on results and the Federal Reserve’s plans regarding interest rates.

This week, the focus will be on the earnings of technology companies, as Tesla and Netflix will be reporting on Wednesday.

optimism around earnings season could be derailed by an escalation of Israel’s conflict with Hamas, with preparations continuing for a ground invasion of the Gaza Strip.

DOW JONES TECHNICAL ANALYSIS DAILY CHART:

Technical Overview

Dow Jones is currently trading within an up channel.

Dow Jones is positioned above all Moving Averages (SMA).

The Relative Strength Index (RSI) is in the buying zone, while the Stochastic oscillator suggests a positive trend.

Immediate Resistance level: 34098.76

Immediate support level: 33797.21

HOW TO TRADE DOW JONES

Dow Jones following a rise the price dropped sharply and began to move lower. The price is currently trying to move higher after holding itself above the support zone. Right now, the price is moving towards a significant resistance zone; if this zone is broken, higher prices are likely ahead.

TRADE SUGGESTION- STOP BUY – 34150.99, TAKE PROFIT AT- 34517.68, SL AT- 33906.53.