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How Now Dow?

|About: SPDR Dow Jones Industrial Average ETF (DIA)
Summary

Money Flow turns red.

After a long negative divergence.

RSI breaks down.

Number of Stocks with Demand are falling.

Stocks with Technical buy signals are falling.

So far the Dow (DIA) stocks look to be in a normal sell cycle, but is it? To find out, we will just track the signals each in the daily report sent to subscribers.

Here is our report on the Dow 30 Stocks. Only 19 have Demand and that is dropping as you can see 21 from last week shown on the right of the report. I went down the 20-day bar chart tracking Demand with green bars for each stock. I count 11 where the green bars are dropping and will probably be among the stocks that lose Demand during this short term sell cycle. (The upside, of course, is that we will have more good Stocks to buy on weakness as soon as the Demand stops dropping.)

Hint: Check the column totals.

Here is the DIA chart showing the macro breakdown into a Sell cycle and the sell signals. This time it is really different as Chaikin money flow at the top of the chart dips into the red. You can see this at the top of the chart.

NOTE: See our free annotated charts and footnotes at
stockcharts.com/public/1792807
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Disclosure: I/we have no positions in any stocks mentioned, but may initiate a short position in DIA over the next 72 hours.