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Technical Review of Dow Jones Industrial Average (INDU)

INDU has technically improved over the past few months as the recent rally is nearing the key resistance at 29,199.35-29,568.57 (2/12/20 and 9/3/20 all-time highs). The Relative Rotation Graph suggests a balanced market that is evenly split between INDU stocks residing in the Leading/Improving Quadrants (16 INDU stocks) and the Weakening/Lagging Quadrants (14 INDU stocks). This hints at continued stock selectivity within INDU.


Source: Courtesy of StockCharts.com


To view the entire report go to the Reports tab on the website or click the following:


https://72150fac-a2b1-4107-bcb6-58c3b0a146d7.filesusr.com/ugd/f8f1c6_1fe5ea1933544a07bfac8144ed32c0e9.pdf

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