All Entries Tagged With: "DIA"
Market Overview – March 27th, 2008
Tonight’s update will be brief but I wanted to point out something that was mentioned in yesterday’s update. Even though I have a positive bias and expect the markets to continue higher, it was mentioned that we may see one more pullback before the market continues up. Well today the market did just that as [...]
Up Up and Away!
Well the market confirmed last week’s bullishness today by plowing through the 50-day moving average as well as the 3-month trendline. The next big target would be the trendline that started at last October’s high which may actually coincide with the 200-day moving average. The month hasn’t ended yet, but we have the potential to [...]
Markets Up, But…
The markets opened up at yesterdays low/close and methodically climbed it’s way up throughout the day, closing 261 points higher. A lot of the analyst are saying we’ve already hit bottom and are on our way back up. Before you throw all your cash back into the long side lets take a look at the [...]
Wipe Out
Well the markets nearly wiped out yesterday’s gains! Today’s DIA (the DIA is the ETF for the Dow Jones) chart formed a hefty bearish engulfing candle signaling a possible end to the two day uptrend. The market gapped up this morning into the 50-day exponential moving average (EMA) as well as the downtrend line starting [...]






