• Dow Jones Industrial Average Consolidates Recent Gains

    8 days ago - By ETF Daily News

    Market technician Dave Chojnacki of StreetOne Technical Analysis wraps up the trading week with an update on the underlying technicals for the major U.S. averages, which continue to consolidate recent gains.
    Good economic reports pushed equities higher early in the session Thursday. Claims Numbers and Philly Fed came in with bullish readings. The major indices moved higher till late morning, when they began to reverse. Once again, Techs were weak and pulling back on the Nasdaq 100 .
    The overall market was doing better, as we saw the IWM move to a new high for the second straight session...
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