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Update: How Now Dow?

|About: Apple Inc. (AAPL), Includes: AXP, BA, DIS, UNH, UTX, WBA

We saw the selling cycle coming.

Dow is not mortally wounded.

Only 8 Sell signals out of 30.

And 7 flashing our buy-on-weakness Signal.

In our previous article we saw the Dow selloff coming. Now we can see that it is not mortally wounded. Only 8 of the 30 stocks are flashing Sell signals. (See SID column.)

On the positive side, 7 stocks have our Timing, Tmg column, Buy-On-Weakness Signal. You can see these on the report above. They are (AAPL), (AXP), (BA), (DIS), (UNH), (UTX) and (WBA).

Here's the link to the last artcle we wrote on Apple. As you can see we were waiting for this pullback and the Buy-On-Weakness Signal.

Finally, as happens in a strong selling cycle, only 2 stocks are still showing Demand ( D:S column), but are close to showing Supply with the rest of the Dow 30. As the bottom forms and we get liftoff, the number of stocks showing Demand will improve. That will confirm this selling cycle is over. Stay tuned.

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