The Dow Jones 30 Index (DJIA), today is trading at major S/R (support and resistance). The S/R level is $24,668, as displayed in the stock chart below. We will look to see if this level holds. The index is not trading above the long term benchmark, of, at least a 20% annualized rate of growth over a 200 day moving average. Several other Indexes are at benchmark, such as Gold Miners Index (GDM) and The Nasdaq 100 Index (NDX).
Comments and feedback invited on the blog.