$DJIA jumped 372.79 points (2.32%) last week, moved above 20dMA on Fri; S/T momentum indicators continue higher.
The Dow Jones Industrial Average closed at 16449 on 2/1/16, as the stock market dropped in the morning and then rebounded into the close. The S&P 500 is trading near 1940 despite oil plunging on Monday. If oil rebounds this week, the stock market will go up even more.
The Dow Jones Industrial Average closed at 16154 on 2/2/16, as the stock market tanked after oil dropped back below $30. The S&P 500 is back testing 1900 but all eyes will be on the price of oil during the rest of the week.
The Dow Jones Industrial Average closed at 16337 on 2/3/16, as the stock market was very volatile today. The stock market gapped up, tanked mid morning, and then rallied back into the close.
The Dow Jones Industrial Average closed at 16417 on 2/4/16, as the stock market continues to be choppy. The stock market gapped up, tanked mid morning, and then rallied back into the close.
The Dow Jones Industrial Average closed at 16205 on 2/5/16, as the stock market tanked. The jobs report came in a little weak so investors decided to sell. Shares of LinkedIn (LNKD) crashed after reporting.
The Dow Jones Industrial Average closed at 16027 on 2/8/16, as the stock market tanked but saw a little rebound into the close. Oil broke back below $30 and investors are still nervous about the jobs report on Friday.
The Dow Jones Industrial Average closed at 16014 on 2/9/16, as the stock market was super volatile on Tuesday. We saw at least 3 big drops followed by 3 major rallies into green territory. Wall St. has no clue whether to buy or sell down here and we should continue expect major volatility in the coming months.
The Dow Jones Industrial Average closed at 15908 on 2/10/16, as the stock market saw big swings up and down. Oil is now back below $28 per barrel which is concerning so we'll have to see if the recent lows hold into next week.