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financebabe

DJI weekly: Start taking profits & get ready to get out

Short
Dow Jones Industrial Average Index (DJ:DJI)  
financebabe  
DJ:DJI   Dow Jones Industrial Average Index
Trend Analysis
2
0
trendanalysis
- EMA lost positive slope on week of January 22
&
- MACD crossover on week of Feb 5 showing strebth in bear.
&
- ADX have rallied above both Directional Lines (+DI and -DI) = Indicates overheated market.

Conclusion: Start taking profits, reducing positions, and prepare to get out.
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