INDEX:INDU DOW Industrials [Test]
Potential for the ominous "death cross" as the DJIA heads towards a 50MA/200MA cross. Also, The DJIA/INDU has been below the 200MA for 2 weeks and; also, on 7/29, 7/30, and 7/31 the tested and failed to recross. This situation has not been seen in several years. I am rating it neutral because the cross has not happened yet, and the media feels that unemployment claims show a growing economy.