After a nice run up, Dow is getting a bit overbought. Need to be cautious and hope it trade sideways a bit. Things are still bullish and we will remain bullish till the trend changes. Just need to be cautious as Dow has moved up a lot.
Let's take a look at what the charts are telling us.
Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com
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May 05, 22 10:24 AM
What is the market doing and what is it likely to do?
Apr 27, 22 09:01 AM
As we enter April, will we continue to move higher or will there be a correction coming?
Apr 13, 22 11:46 PM
Apple is one of those stocks that we should look at almost every day. The reasons is because it is a component of the Dow Jones, the S&P 500 and the Nasdaq.
Apr 12, 22 09:38 AM
Here are a list of stocks that are at their 50 MA and 200 MA. The 50 day moving average and 200 day moving average can be a support area where stocks bounce off
Apr 12, 22 09:34 AM
Here are a list of stocks that have broke out or about to break out. Breakout stocks can often give us a good reward to risk ratio.