Tuesday’s Technical Outlook for DJIA (.DJI)

Tuesday’s Technical Outlook for DJIA (.DJI)

Tuesday’s Technical Outlook for DJIA (.DJI)


The US major stock market indexes finished the day mixed and close to their opening marks of the session.

The DJIA + 0.10% at 17,938.28, the S&P 500 2 pts higher, at 2,112.13, and the NAS com lost roughly 7 pts, to close at 4,961.75.

The energy related sector finished higher, but more poor employment related data weighed on investors’ sentiment.

The DJIA daily shows that the index remains above a mildly Bullish 20-Day SMA, the 100-Day SMA crossed above the 200-Day SMA below the current mark, perhaps favoring some further gains.

The technical indicators in the frame, stand in Bullish territory, but lack strength.

In the 4 hours, the technical indicators have turned South after testing overbought marks, and maintain their Southward slopes within positive territory, as the 20-Day SMA heads North to around 17,876, the mark to break to see the index turning South.


DJIA at 17938.28, +0.10% broke above 1st resistance at 17935, but the breakout does not look clear and strong. The trend remains up, but at this point the Northside looks limited to 18100. See: http://kshitij.com/graph-gallery/equities/dowjones-candles-Daily  And as I write this report the major market indexes are flat to unchanged with a Bearish bias. Time 4:40 EDT

Support marks: 17,921 17,859 17,770
Resistance marks: 18,003 18,084 18,161


Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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