The DJIA is a complex little fella and one must always go for sanity in the SP500.
A good example was IBM this week, now I dont think the djia will tank the day it reports and rises like it did LOL. 3rd on the list is a market darling in CAT.
Good to constantly refresh your memory with the Component weighting courtesy of indexarb
Its a monkey index, but if you study the components of it you will be much better off IMO.
The SP500 at this stage has a potential lower swing top, and if your a trader then you trade accordingly and leave the sentiment with ego :)))
Its a bit like Silver and Gold, I certainly don't want them to crash but with consolidation they avoid blow off tops etc. Thats the healthy part I like to see :))
SDL another great example, and I am damn glad I shared this with potential buyers looking to get in when it was up in the high 50's
THEN
NOW
The more the above consolidates the more excited for opportunity I will become :))
Out for the day, time permitting might try and do some video's tonight... no promises sorry
Regards
Rob
