Current and Probable Market Direction
17 April 2025
The current market condition is as follows: The Dow Industrial Average’s intermediate market bottom remains intact. However, the Dow Jones Transportation average has yet to form a confirmed intermediate bottom in price action. Stock direction as indicated by these averages remains down. Review and monitor stocks so you are able to take action when this downtrend eventually reverses. Mitigate any core holdings to preserve capital.
The Dow Jones Utility average confirmed an intermediate term bottom last week. The action in the Dow Jones Utility average confirms the action in the Long Term US Treasury market.
The yield of 20 year AAA Corporate bonds is approximately 5.06%. Business borrowing costs remain steady.
Stock charts are courtesy of stockcharts.com
