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Learn How to Leverage DJIA Futures Charts

January 19, 2021 by Daniels Trading| Futures 101

Alongside the Standard & Poor’s 500 (S&P 500) and NASDAQ Composite (NASDAQ) equities indices, the Dow Jones Industrial Average (DJIA, DOW) is a leading barometer of U.S. economic performance. Subsequently, DJIA futures charts are some of the most widely referenced market technicals in the world.

However, depending upon your resources, goals, and location, your ideal DJIA derivative product will vary. Let’s take a look at three of the most popular: the E-mini DOW, Micro E-mini DOW, and DOW 30.

What Is the DJIA?

Before delving into the key DJIA futures charts, let’s discuss what the Dow Jones Industrial Average actually is. The DJIA is a price-weighted stock market index based on the values of the largest 30 companies listed on U.S. exchanges. It includes Microsoft (MSFT), Walmart (WMT), Intel (INTC), Johnson & Johnson (JNJ), and other household names.

We’ve been assisting our clients in making sound trading decisions for over 25  years.  Trust a Daniels Trading broker to help you reach your trading objectives in  any market.

First launched in 1896, the DJIA was created by Wall Street Journal editor Charles Dow and numbers guru Edward Jones. Meant to be an all-in-one representation of U.S. financial strength, the index is calculated by adding the stock prices of the 30 largest publicly traded companies before dividing by the DOW Divisor.

Originally, the DOW Divisor was 30, but over time the value has been adjusted downward to account for dividends and stock splits. As of September 2020, the figure sat at approximately 0.14579.

This is a key part of deriving the DJIA because the aggregate stock price of the 30 constituents is divided by the DOW Divisor. For instance, if total prices stood at $4,500, the DJIA would be represented as 30,866.31 ($4,500 / 0.14579).

E-mini and Micro E-mini DOW Futures

When it comes to trading DJIA-based futures, you should have three prominent contracts on your radar. The first two are E-mini and Micro E-mini DOW futures. Listed on the Chicago Mercantile Exchange (CME), these contracts offer traders around the world an easy, affordable way of engaging DJIA derivatives. Here’s a quick look at the contract specifications:
Here are the contract specifications for each CME corn product:

Contract Symbol Tick Value Intraday/Overnight Margin
E-mini DOW YM $5.00 $750/$9,000
Micro E-mini DOW MYM $0.50 $100/$900

Both of the contracts listed above track the DJIA―as the index moves up and down, their values change accordingly. However, the E-mini DOW and Micro E-mini DOW are leveraged at $5.00 and $0.50 per tick, respectively. This functionality enables active traders to customize exposure and to take either long or short positions in the market.

Perhaps the best thing about E-mini and Micro E-mini DOW futures is that they’re user-friendly. To trade, simply reference the correct symbol, contract month, and year. After that, input the data into your software trading platform to open DJIA futures charts or order entry DOMs.

DJIA Contract for Difference (CFD) Products

For international traders, contract for difference (CFD) products offer a way of trading various assets without having to assume ownership. A CFD is a contract between two parties that obligates the buyer to pay the seller any difference between the contract’s current value and its value at expiry.

One of the most popular CFD products facing the DJIA is the DOW 30. Offered by brokers around the world, DOW 30 CFDs are similar to standard DOW futures. However, CFDs exist as a contract between a broker and a client, making them over-the-counter products rather than exchange-traded assets.

Accordingly, this functionality brings into play various counterparty and pricing risks. As of this writing, CFD trading is not permitted in the United States. If you’re eligible to trade CFDs, then opening the related DJIA futures chart is easy. Simply go to your broker-provided trading software, find the DOW 30 symbol, click, and open.

Getting Started with DJIA Futures Charts

To learn more about how you can trade the DJIA via futures or CFDs, a conversation with a reputable broker is a great place to start. Get up and running via a free one-on-one consultation with a Daniels Trading market professional today!

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Filed Under: Futures 101

About Daniels Trading

Daniels Trading is division of StoneX Financial Inc. located in the heart of Chicago’s financial district. Established by renowned commodity trader Andy Daniels in 1995, Daniels Trading was built on a culture of trust committed to a mission of Independence, Objectivity and Reliability.

Risk Disclosure

The StoneX Group Inc. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided. References to over-the-counter (“OTC”) products or swaps are made on behalf of StoneX Markets LLC (“SXM”), a member of the National Futures Association (“NFA”) and provisionally registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a swap dealer. SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of SXM. StoneX Financial Inc. (“SFI”) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI does business as Daniels Trading/Top Third/Futures Online. SFI is registered with the U.S. Securities and Exchange Commission (“SEC”) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Adviser. References to securities trading are made on behalf of the BD Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). References to exchange-traded futures and options are made on behalf of the FCM Division of SFI.

Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX group of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc.

© 2023 StoneX Group Inc. All Rights Reserved

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Risk Disclosure

The StoneX Group Inc. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided. References to over-the-counter (“OTC”) products or swaps are made on behalf of StoneX Markets LLC (“SXM”), a member of the National Futures Association (“NFA”) and provisionally registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a swap dealer. SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of SXM. StoneX Financial Inc. (“SFI”) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI does business as Daniels Trading/Top Third/Futures Online. SFI is registered with the U.S. Securities and Exchange Commission (“SEC”) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Adviser. References to securities trading are made on behalf of the BD Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). References to exchange-traded futures and options are made on behalf of the FCM Division of SFI.

Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX group of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc.

© 2023 StoneX Group Inc. All Rights Reserved

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