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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| DOW | Commodity Chemicals | 8.21% | n/a | 4 | 11-Feb-09 | Prior Holding |
19-Oct-09
Potential Roadbumps on Dow
Holding Rationale for DOW.
4 negative aspects about the chart above.
- Nearing the top of the current uptrend.
- Volume fell on Thursday when the Dow made a new yearly high, and then we had a distribution day on Friday.
- Dow 10k acted as a magnet and now that we overcame that psychological number, we could “sell the news”.
- This is probably the most significant as the McClellan Oscillator is now negative, and make a new lower low. The fact that the market is near it’s highs and this is not confirming is a troubling sign. While it’s not reason enough to aggressively short the market, it clearly is a sign to lighten up on one’s exposure to the long side.
Tagged Stocks: DOW
Posted at 03:05 in Holding Rationales | Permalink | Top
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