Tuesday, December 20, 2016

INDU Dow Industrials 2-Minute Chart; The Battle for Dow 20,000 Continues

The Dow prints a new all-time record high at 19988 less than 13 points from the coveted Dow 20,000. The Dow 20K watch continues. Floor traders had already popped the corks on the Fed wine bottles, wheeled the confetti cannons into place and distributed the Dow 20K hats, but are left at the altar waiting for the historic 20K print. Investors complain that the wine is going flat so the bulls are trying to put the corks back in the bottles.

The Dow printed the high over two hours ago. Will INDU make a run higher this afternoon so the bulls can throw a Dow 20K party? The all-time intraday high for the Dow was 19966.43 from 12/14/16, now surpassed by the above print, and the all-time closing high is 19911.21 on 12/13/16. So the bulls need to keep INDU, or DJI, above 19911 at 4 PM EST to claim a new all-time closing high today. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added Thursday Morning,12/22/16: The Dow prints the new all-time record highs as shown above on Tuesday, 12/20/16. The all-time intraday high is 19987.63 and all-time closing high is at 19974.62. On Wednesday, 12/23/16, the Dow retreats slightly. The Dow 20K watch continues into the Christmas holiday weekend.

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