Market Direction INDU SPX OEX NDX RUT

DIA, SPY, Qs, IWM and SMH compared over the last 10 days.

The long term trend is up. The tactics is then to buy dips in the most clever way...

... which is?

 

... but not to buy too early.

 

Market direction for the INDU is clearly UP.

See attached the chart over 4 years.

 

SPX trend direction is UP
on a 4y timeframe

 

NDX is trending UP
on a 4y time base

 

Same picture for the RUT on a 4 years window.

 

DJIA and some of it's components compared on a 4 years timeframe

 

First stocks with slope up.

 

Signals for the INDU

Enter at +75 with trailing stop 50 (trailing on grid)

Current trend is up (10 days timeframe)

 

Avoid fading big waves
(100+)