• More Near-Term Weakness Could Be Coming For Dow Jones Industrial Average

    1 month ago - By ETF Daily News

    Market technician Dave Chojnacki of StreetOne Technical Analysis kicks off the new trading week with a recap of Friday's market action and an update on the underlying technicals for the major U.S. averages.
    The CPI came in at +0.02%, as expected, but the big news on Friday was the sanctions on Turkey, which caused the Lira to take a big hit and scared markets worldwide. The major indices opened lower on Friday and then traded flat through the morning hours. Another sell-off early PM lasted until the final hour, when the averages got a little bump to the upside.
    The major indices ended the...
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