The Dow Jones Industrial Average closed at 15660 on 2/11/16, as the stock market crashed in the morning but rebounded into the close. Oil is now back below $27 per barrel which is a big disaster.
DJIA
- Thread starter Phill Twist
- Start date
The Dow Jones Industrial Average closed at 15974 on 2/12/16, as the stock market staged a nice rebound. Oil rebounded back into the $29's which caused a big rally Friday.
The Dow Jones Industrial Average closed at 16196 on 2/16/16, as the stock market surged for the second straight day. Oil was flat to down but the stock market rallied anyway. Asia continues to be strong which is lifting the US markets.
AAII polls at the 2003 and 2008 sentiment lows. Contrarians see mass bearishness as bullish. Bear market rally in play.
The Dow Jones Industrial Average closed at 16454 on 2/17/16, as the stock market rocketed higher for the third straight day. Oil jumped over $30 per barrel and the S&P 500 closed above 1920. Things are looking up right now as the worst could finally be over for the stock market.
Smacked right into resistance. Today could be the top before we go back and fill the gaps
The Dow Jones Industrial Average closed at 16413 on 2/18/16, as the stock market tried to rally several times but could post a 4-day win streak. All markets have seen a massive rebound this week so we will pause here until the next major move. Things are looking up right now as the worst could finally be over for the stock market.
$DJIA gained 418.15 points (2.62%) last week, moved above 20dMA; S/T momo indicators trending up, but overbought.
The Index reach the minimum target within the correction, Bears soon should be in control.