$INDU - Chart Link - The Dow was very
stretched but in very strong trends the 5 EMA is support, which was
tagged yesterday where it found support for now. Otherwise
that psychological number of 20,000 may be too damn close for the
Dow not to go up and tag it now.
$NYMO - Chart Link - I didn't note this in
the newsletters, but the NYMO and NAMO almost closed below their
lower Bollinger Bands yesterday, which is generally a good bounce
area
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Market Comments
Posted by matt on 15th of Dec 2016 at 11:03 am
$INDU - Chart Link - The Dow was very stretched but in very strong trends the 5 EMA is support, which was tagged yesterday where it found support for now. Otherwise that psychological number of 20,000 may be too damn close for the Dow not to go up and tag it now.
$NYMO - Chart Link - I didn't note this in the newsletters, but the NYMO and NAMO almost closed below their lower Bollinger Bands yesterday, which is generally a good bounce area