Shakeout On The Way

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Unlike the SPX, the DJI didn't make a higher-high. Why is this? I think partially because it's price weighted as opposed to market cap weighted like the Nasdaq or SPX. The other part would be CPI numbers.

So what's next for the DJI? I see hidden bullish divs long term and hidden bearish divs short term, this a common shake out tactic I see to liquidate longs and shorts. I'll be looking to load up on the trade at the bottom of the channel and play the range as it develops.

As always: stay calm, don't panic, and don't forget you can always use a stop loss

The fear and green index is at 74, when people are greedy be fearful.

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