INDU continues to set new all-time highs, suggesting leadership. The recent breakout above 33,228 (3/29/1) suggests next target to 34,385, and above to 36,586 (161.8% Fibonacci Projection), and then to 40,923.5 (V-breakout target. The RRG study on INDU suggests more than half (17 INDU stocks) are residing in Improving and Leading Quadrants. INDU leaderships continue to be concentrated within cyclical names.
To view the entire report go to the Reports tab on the website or click the following: