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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


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