From The Right Edge, What I'm Thinking

Simple Trading DJIA Update Week Ending 29 January 2016

DJIA W 29 Jan 2016

The Dow Jones Industrial Average is apparently too sexy for those lower prices… for now anyway.  The index confirmed the hold of support from the week ended 22 January 2016 and continued higher this week.

I’m not the biggest fan of the bull side as it looks like further upside movement has plenty of room to die out before the chart can become structurally biased to move higher.

Still… “rules is rules…”

Maintain your process…

For a video recap of the 30 stocks underlying the DJIA Index, TAOST E Members can click here.


The Trader

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