03/13 – 03/17 Dow Jones

DIA       DJI

Dow Jones is one the best performing index since Trump post election and as i said in my last market research  we have seen a momentum let-down last week, it looks like he may need a little more time to go to the upside.

The prior pivots for trading this week is 20986.43 and 20777.16 on $DJI (209.77, 207.86  for DIA ). As long as $DJI hold 20777.16, stay bullish and watch for follow through to clear 20986.43 and after to all time hi 21169.11, trading strong stocks. If bears build up power and broke 20777.16, see if they hold and watch for follow through to 20663.37 ( 206.60 on DIA ), trading weak stocks.

Strong stocks :

AAPL, CSCO, MSFT, V, TRV, GS, AXP, JPM, JNJ, MRK, PFE, UNH, PG, HD, DIS, MCD, MMM, BA, DD.

Weak stocks :

VZ, IBM, CAT, CVX, XOM.

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