• Momentum Waning For Dow Jones Industrial Average

    2 monthes ago - By ETF Daily News

    Market technician Dave Chojnacki of StreetOne Technical Analysis recaps Tuesday's anemic market action and previews Wednesday's session with an update of the important underlying technicals for the major U.S. averages.
    Economic numbers on Tuesday morning came in as expected, with Job Openings continuing to rise. Despite the good news equities opened lower, but quickly reversed their course. The major averages got stronger as the morning wore on. Leaks of some progress with Canada and China trade talks added some buyers to the market. Techs had their second positive day and pushed the NDX...
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  • Dow Jones Industrial Average Testing Big Breakout Level

    Dow Jones Industrial Average Testing Big Breakout Level

    2 monthes ago - By ETF Daily News

    From Kimble Charting Solutions : This chart looks at the Dow Jones Industrials Average and the Yield on the 10-year note on a monthly basis for several decades.
    The top chart looks at the Dow since 1927 and the bottom chart looks at yields since 1994.
    The Dow has spent the majority of the past 65-years inside of rising channel (1) while yields have spent the majority of the past 18-years inside of falling channel (2).
    The Dow and Yields are both testing breakout levels at the same time at each (3).
    The last two times each faced channel breakouts at the same time was 2000 and 2007 at each...
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