DJIA MONTHLY CHART - BIG PICTURE - PhiMates Pty Ltd

Go to content

Main menu:

DJIA MONTHLY CHART - BIG PICTURE

Major Indices
  • The US equity markets are clearly in a strong uptrend (Bull Market since Mar 2009)

  • Dow Jones (and S&P500) have made higher highs and higher lows since the last 4 years in the monthly timeframe and that trend continues to be intact

  • The Primary Trend as defined by the 14-month moving average is strongly (45 degrees) sloping upward and prices are well above the MA

  • Dow Jones closed below the 14-month MA only thrice since July 2009 (once in June 2010, the second time in Aug 2010 and the last time in Sep 2011)

  • It will be very useful to keep a close watch on the 14-month MA (longer term) and the 5-month MA (shorter term) of the 14-month MA. A crossover will signal the end of the current Primary degree bull market and the beginning of a new global financial crisis that will make the first GFC of 2007-2009 look like a minor issue

DOW JONES INDUSTRIAL AVERAGE - MONTHLY CHART
DJIA MONTHLY CHART - BIG PICTURE
 
Back to content | Back to main menu