The Dow Jones Industrial Average closed at 18213 on 9/15/16, as the stock market finally rebounded. However, the stock market is overvalued right now and I expect the S&P 500 to see a correction back to its 200 day moving average at some point, now located at 2059 and rising.
DJIA
- Thread starter Phill Twist
- Start date
The Dow Jones Industrial Average closed at 18124 on 9/16/16, as the stock market failed to hold Thursday's rally. The stock market is overvalued right now and I expect the S&P 500 to see a correction back to its 200 day moving average at some point, now located at 2059 and rising.
The Dow Jones Industrial Average closed at 18130 on 9/20/16, as the stock market continues to sell off on every rally. The stock market is overvalued right now and I expect the S&P 500 to see a correction back to its 200 day moving average at some point, now located at 2059 and rising.
The Dow Jones Industrial Average closed at 18294 on 9/21/16, as the stock market rallied today. The Federal Reserve left interest rates unchanged which sets up a rate hike at the end of the year. The stock market is overvalued right now and I expect the S&P 500 to see a correction back to its 200 day moving average at some point, now located at 2060 and rising.
The Dow Jones Industrial Average closed at 18408 on 9/22/16, as the stock market rallied again today. The Federal Reserve left interest rates unchanged which sets up a rate hike at the end of the year. The stock market is overvalued right now and I expect the S&P 500 to see a correction back to its 200 day moving average at some point, now located at 2060 and rising.
The Dow Jones Industrial Average closed at 18262 on 9/23/16, as the stock market took a pause today. The Federal Reserve left interest rates unchanged this week which sets up a rate hike at the end of the year. The stock market is overvalued right now and I expect the S&P 500 to see a correction back to its 200 day moving average at some point, now located at 2061 and rising.
The Dow Jones Industrial Average closed at 18095 on 9/26/16, as the stock market dropped hard on Monday. The Federal Reserve left interest rates unchanged this week which sets up a rate hike at the end of the year. The stock market is overvalued right now and I expect the S&P 500 to see a correction back to its 200 day moving average at some point, now located at 2061 and rising.