Dow Jones Futures moved into negative territory yesterday following pressure from the release of key U.S. economic data. The July JOLTS job openings fell to 7.181 million — the lowest in 10 months — and below expectations of 7.38 million. U.S. factory orders for July declined by -1.3% m/m, marking the second consecutive monthly drop. The Fed’s Beige Book reported stagnant economic activity, weak consumer spending, and tariff pressures that are driving up input costs.
Recommendation:
Sell Dow Jones
Sell on Strength: 45,400
Take Profit: 44,600
Stop Loss: 45,700
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