Dow 30 Stocks; what are they saying about the markets

Dow 30

 

Dow 30 Analysis

Stock Monthly  ChartComments
MMMExtremely OversoldHas moved deeper into the oversold ranges since our last analysis (Nov 30 Market update)
AXPExtremely Overbought
AAPLExtremely OverboughtPlenty of room to pull back before it moves into the oversold ranges
BAOversoldVery close to moving into the extremely oversold ranges
CATOversoldVery close to entering the extremely oversold Zone

CVX

Overbought
CSCOExtremely overboughtRelatively new Bearish MACD crossover
KOExtremely oversoldHolding up nicely and trending upwards. Dow players can use pullbacks to open positions
DISOversoldCould make for an interesting long term play
DWDPExtremely oversold50-52 ranges could be a good place to nibble at the stock
XOMOversoldMACD’s in Bearish crossover

GS

OversoldMACD’s in Bearish crossover, likely to hit  160-165 before a bottom is in place Nov 30 market update.

 

The stock traded in the above ranges and then bounced higher.   The 160-165 ranges could be a good place to nibble at the stock.

HDExtremely oversoldEntering into the seasonally bullish period; 160-163 ranges are a good place to nibble at this play.
IBMExtremely oversoldPattern is improving
INTCOverbought
JNJOversoldHolding up very well, trending higher. A test of the 120 ranges without closing below this level on a monthly basis will be a bullish development
JPMOverbought
MCDExtremely oversoldUnusually strong, trending upwards. Ideal entry points for an initial position 160-162
MRKNeutralStrong pattern
MSFTInsanely overboughtBearish MACD crossover,  potential shorting candidate for risk takers
NKEInsanely overboughtBearish crossover in progress
PFEOverbought
PGExtremely oversoldBullish MACD crossover, and solid pattern
TRVExtremely oversold$110 better; a good place to nibble
UTXOversoldClose to trading towards the extremely oversold ranges
UNHOversoldMoving towards the extremely oversold ranges, but the pattern is stable, the next bullish crossover could lead to an explosive move
VZNeutralBullish MACD crossover in progress should  continue trending to new highs
VInsanely overboughtBearish MACD crossover, good shorting candidate for risk takers
WMTOversoldMoving towards the oversold zone. 84-86 good place for a nibble
WBAInsanely oversoldBullish MACD crossover, pattern improving.

 

The Dow 30 should be signalling all is not well, but?

We have three more stocks for a total of 18 that are now trading in the oversold to extremely oversold ranges since the last analysis. It, therefore, seems highly unlikely that the markets will crash under such conditions. The best plan, therefore, should be to switch the TV off as listening to the talking heads can only be viewed as a healthy thing if you like taking a hammer to your head. 

Listen to music, watch a movie, read a book, and sip on your favourite drink. For when it is all said and done, which by the way it never is, for if this were true, the talking heads would keep quiet and focus on the phrase “silence is golden”.  I digress, so when it is all said and done, these talking heads bring nothing new to the table; their best gift is to regurgitate verbal vomit and try to market it as something new.

Mass Psychology clearly advocates that stock market crashes are nothing but long term buying opportunities.  Pull up a long term chart and you will be forced to arrive at the same conclusion.  The Big player’s game strategy is to get individuals to focus on words such as bear market, crash, and end of the world, etc.; in doing so, the crowd focuses on the tree and forgets the forest.

Other articles of Interest

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Bull & Bear Market 2019: which one will prevail  (Jan 14)

Stock Market Crash-Media Lies And Ignorant Experts  (Jan 11)

Market Correction Vs A Back Breaking Market Correction (Jan 3)

Bitcoin Crash: Is Bitcoin Bull Dead Forever (Jan 1)