Dow Stock Action
The following Dow Composite Stocks have confirmed intermediate term bottoms:
Boeing BA, Coca Cola KO, McDonald’s MCD, Silver SLV, United Health Group UNH, Visa V, Verizon VZ, Delta Airlines DAL, United Airlines UAL, FirstEnergy FE, and Public Service Enterprise PEG. Of these companies Coca Cola, McDonald’s, Verizon, Walmart and FirstEnergy are approaching all time new highs.
This next list of Dow Composite Stocks should be forming intermediate price bottoms today:
American Express AMEX, Cisco Systems CSCO, JPMorgan JPM, Microsoft MSFT, Nvidia NVDA, and Kirby Corp KEX.
Gold GLD continues its uptrend and has not formed an intermediate top yet.
I own a position in JPMorgan FYI.
The Dow Theory system still has the market in a confirmed downtrend. The stocks mentioned above are showing action to be watched. As previously mentioned you do not want to take positions against the long term trend of the general market. Most stocks follow the general market trend in either direction whether they are good or bad stocks.
