The Dow Jones Industrial Average closed at 18314 on 8/2/16, as the stock market dropped today. With the S&P 500 rallying from 1990-2180 in a few months, I've turned extremely cautious as we head into the fall. At some point, the S&P 500 will see a correction back to its 200 day moving average now located at 2043 and rising.
DJIA
- Thread starter Phill Twist
- Start date
The Dow Jones Industrial Average closed at 18355 on 8/3/16, as the stock market tried to rebound today. With the S&P 500 rallying from 1990-2180 in a few months, I've turned extremely cautious as we head into the fall. At some point, the S&P 500 will see a correction back to its 200 day moving average now located at 2044 and rising.
DOW 2-year chart we've been watching. Potential retest of 18200. Watch 1800 (dn). 18600 (up)
The Dow Jones Industrial Average closed at 18352 on 8/4/16, as the stock market traded flat today. With the S&P 500 rallying from 1990-2180 in a few months, I've turned extremely cautious as we head into the fall. At some point, the S&P 500 will see a correction back to its 200 day moving average now located at 2044 and rising.
The Dow Jones Industrial Average closed at 18529 on 8/8/16, as the stock market soared today. The jobs report came in better than expected last week but I remain very cautious given the rally. At some point, the S&P 500 will see a correction back to its 200 day moving average now located at 2046 and rising.
The Dow Jones Industrial Average closed at 18533 on 8/9/16, as the stock market held steady today. The stock market continues to move higher after a better than expected jobs report. However, at some point, the S&P 500 will see a correction back to its 200 day moving average now located at 2048 and rising.
The Dow Jones Industrial Average closed at 18496 on 8/10/16, as the stock market declined slightly. The stock market continues to move higher after a better than expected jobs report. However, at some point, the S&P 500 will see a correction back to its 200 day moving average now located at 2048 and rising.
The Dow Jones Industrial Average closed at 18614 on 8/11/16, as the stock market hit another record high. The stock market continues to move higher after a better than expected jobs report. However, at some point, the S&P 500 will see a correction back to its 200 day moving average now located at 2049 and rising.