DOW JONES (US 300) ANALYSIS

US 30 stocks , some of which recently tagged ATH (the blue chip companies) are showing signs of rejection. Apple and Microsoft stocks are leading the NAS 100 stocks and the bulls were recently rejected at a major resistance level. I shared the ideas here:

At the same time, bond yields ( both long term and short term are falling, meaning that the investors and the market are nervous , and they are buying bonds. The stock market and the bond market are like two poles on the opposite of each other. With money out of the stocks, you can be relatively sure that the money is going into the bond market. I shared the ideas on the treasuries here:

With bond yields falling, and specific blue chip companies stocks being rejected at ATH, these are strong signs that US30 bears are on the horizon.

Comment:

Price was rejected at the 34800 resistance by the close of the weekly candle. Watch for the close of the monthly candle the coming week.

Comment:

The bearish momentum is clearly building up. Specific stocks like Apple, Microsoft, Tesla are leaving a upper wick on the monthly candle. This is the final week of the month and it will be interesting to see if the bears push price down to close at/below the opening price.

Comment:

At the current levels where the market has been consolidating for days, I also have to admit that anything can happen. Don't be surprised when the market breaks to the upside and starts a bull run. Use risk management and always keep an open mind !

Comment:

The 34800 resistance did not hold. Its now clear that we are headed to the previous all time highs at 37000. Sorry guys !

Comment:

THE IDEA WAS VALID AFTERALL...CLASSIC FAKEOUT !

Comment:

THE DOW BLEEDS !

Comment:

Anticipating more downside for the DOW as the FOMC is set to pivot @ 5.50%, thus pushing the DXY higher !