The Dow Jones Industrial Average closed at 16907 on 1/6/16, as the stock market dropped but closed pretty good. Oil continued to tank and global tension with North Korea is on the rise. The S&P 500 will have resistance at 2045 going forward.
The Dow Jones Industrial Average closed at 16514 on 1/7/16, as the stock market continues to crash. While the U.S economy is doing great, Wall St. is worried about China and the continued decline in oil. We are due for a massive rebound.
The Dow Jones Industrial Average closed at 16346 on 1/8/16, as the stock market continues to crash. The U.S added 292,000 jobs in December but Wall St. is now pricing in a recession in the next 6 months. There is no other reason for such strong fear and selling pressure. If these sellers are wrong, we are going to see one of the largest rallies we've seen since August.
The Dow Jones Industrial Average closed at 16399 on 1/11/16, as the stock market rebounded nicely into the close. The Dow Jones was down over 100 points but then rallied 200 points near the close. Wall St. has been pricing in a recession as oil continues to crash.
The Dow Jones Industrial Average closed at 16516 on 1/12/16, as the stock market rebounded into the close for the second straight day. The stock market rallied in the morning, tanked in the afternoon with oil, and then jumped into the close. Wall St. has been pricing in a recession as oil continues to crash.
The Dow Jones Industrial Average closed at 16151 on 1/13/16, as the stock market continued to crash. Wall St is back to pricing in an upcoming recession which may or may not happen. Shoot first, ask questions later has been the way for decades. Whatever you do, never buy stocks or margin so you aren't forced to sell. If anything, you should be buying.
The Dow Jones Industrial Average closed at 16379 on 1/14/16, as the stock market rebounded on Thursday. Wall St. sold stocks early this morning but then we saw a massive reversal higher. TNA jumped from $43-$47.64 before pulling back into the close. We may have seen the bottom this morning but if we break today's low, look for 1800 on the S&P 500 to be tested.
The Dow Jones Industrial Average closed at 15988 on 1/15/16, as the stock market tanked again. The Dow Jones was down over 500 points at one point but then bounced back late in the trading day. The S&P 500 might test 1800 this week.
$DJIA On its way to hit the 15500 P%F chart target! Trend remain down for now, till we get a P&F chart reversal.