Market update

The Dow Jones Industrial closed below an important trend line today, it needs a 0.14% - below today last price to give the first short signal since December 20, tomorrow at the close.

The Dax continues relentlessly up, a 1.07% drop is needed tomorrow for a short signal.


The Russell has been giving mixed signals for the last couple of days, today again it closed on short, a 1.25% + gain at tomorrow’s close will reverse the short.



Basic materials, the smallest weight group in the Dow is in daily short mode since February 10.



Financials hold about 10% weight in the Dow, it barely closed below the 271.11 support today. 1.33% or above up close tomorrow is a long signal again.