The Dow Jones Industrial Average closed at 17624 on 4/5/16, as the stock market dropped due to weak oil prices. The S&P 500 rallied from 1810-2075 recently but now it looks like we might see a correction as investors take profits.
The Dow Jones Industrial Average closed at 17542 on 4/7/16, as the stock market dropped back down today. Wall St. seems to be uncertain right now or this could just be purely profit taking.
$DJIA lost 215.79 points (1.21%) last week, remains above 20-dMA; Short term momentum indicators are trending down.
The Dow Jones Industrial Average closed at 17577 on 4/8/16, as the stock market rallied but was weak into the close. The stock market has been going sideways after it failed to take out 2082 on the S&P 500.
The Dow Jones Industrial Average closed at 17722 on 4/12/16, as the stock market surged today. Oil broke out and has now rallied from the $35's last week to over $42 today If oil remains strong, we could easily see a stock market break out from here.
The Dow Jones Industrial Average closed at 17908 on 4/13/16, as the stock market surged today. Asia rallied big time overnight which helped global markets If oil remains strong, we could easily see a stock market break out from here.
The Dow Jones Industrial Average closed at 17926 on 4/14/16, as the stock market continued to rally today. The S&P 500 appears to be breaking out now but I'm starting to become cautious as we trade closer to the 2100-2150 range.