The Semiconductor Index $SOX (SOX) price level
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Semiconductor Index $SOX |
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Semiconductor Index $SOX |
The Dow Jones 30 Index $DJI (DJI) sell off stopped, reversed and is headed back up. The stock index has been oscillating in a range for many weeks. The next significant, long term, reversal area is at $33,357. A close over that, will provide a clue as to the strength and direction of the rally. Stock chart below, comments welcome:
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Dow Jones 30 Index (DJI) |
On our last Pfizer Inc. $PFE post, on January 28th, the stock was trading at $43.79. We indicated "There is a long term monthly pivot at $41.87."
The selloff continues. As of today the stock is trading at $40.00, breaking the reversal. This indicates further downside trading. Updated stock chart (monthly) below, comments welcome: