DJIA dow jones industrials

Have had an extraordinary period of the DJIA not rotating back...

  1. 1,889 Posts.
    Have had an extraordinary period of the DJIA not rotating back to the 5 day 50 . this cannot continue for much longer imo . i have dynamic resistance on daily at approx 9250 with current 5day highs in the 9150 zone . the 5day50 is now at the 8930 level which is a point of a probable retrace even if this is a very bullish impulsive move on daily . have exited long positions last couple days and are now taking up short bias . only data tonight home sales
    United States : Market Focus
    Released For 7/27/2009

    --------------------------------------------------------------------------------

    Highlights
    Housing data have been on a good run and confirmation of improvement from new home sales would add to risk demand.

    Released on 7/27/2009 10:00:00 AM For June, 2009
    Prior Consensus Consensus Range
    New Home Sales - Level - SAAR 342 K 350 K 335 K to 370 K

    Earnings tonight have a lot of companies reporting but none of them real market movers .

    ............. the usual
 
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