YM - Daily / The 3 TLs

The DOW caught an early New Year's Bid into traditional Value.

Rotation Failed in 48 Hours giving up nearly 800 off the Highs.

Suggesting, "safety" isn't perhaps here.

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The lower Trend Line from the prior Lows is above the Monthly
Gap Fill @ 28,200.

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The INDU/DOW/YM is an interesting Mix of Components, which are
well balanced among Technology, BioTech, Pharma, Financials, AeroSpace,
Consumer Staples, Consumer Discretionary, Defense, Heavy Equipment,
Materials, Energy, Leisure, Foods, Employment.

The DOW will always catch the initial Saftey Bid, the Issue is far larger
than Pricing Power - but one of retention and a contraction in overall
Global Economic contraction(s).

American Express
Amgen
Apple
Boeing
Caterpillar
Cisco Systems
Chevron
Goldman Sachs
Home Depot
Honeywell
International Business Machines
Intel
Johnson & Johnson
Coca-Cola
JPMorgan Chase
McDonald’s
MMM
Merck
Microsoft
Nike
Procter & Gamble
Travelers Companies Inc
UnitedHealth Group
Salesforce.Com
Verizon Communications Inc
Visa Inc
Walgreens
Walmart Inc
Walt Disney
Dow