top of page

Technical Review of the Dow Jones Industrial Average (INDU)

INDU has corrected -12.66% from the 1/5-2/24/22 decline. The 8.27% rally from 32,272.64 (2/24/22 low) nears key resistance at 34,977-35,165 ( 200-day ma and 61.8% retracement from Jan-Feb 2022 decline). A breakout above 35,165 signals a recovery to 35,824, 36,514-36,566, and 36,952.65 (1/5/22 all-time high).

RRG study suggests a selective market with half of INDU stocks in Leading and Improving Quadrants and the other half in Weakening and Lagging Quadrants. Unlike the past few years which have been dominated by indexed-based or passive investing, the market has shifted toward a true stock picker's market environment.

Enclosed is a technical review of the thirty Dow Jones Industrial stocks.

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

32 views0 comments

Recent Posts

See All

Closing of the Newsletter

Dear clients, After four rewarding years, the time has come for me to close the Lee Technical Strategy Newsletter, effective today. I want to take this opportunity to let you know what a great honor a

Technical Review of the Top 25 NDX 100 Index Stocks

NASDAQ 100 Index (NDX) – NDX is a modified market capitalization-weighted index comprising 100 of the largest non-financial companies on the NASDAQ Composite Index (COMPQ). NDX is heavily weighted tow

bottom of page