Friday, May 5, 2023

INDU Dow Jones Industrials, NYA NYSE Composite and SML Small Caps Daily Charts All Turn Negative on the Year





The Dow Jones Industrials (INDU or DJI), the NYA NYSE Composite, and the SML Small Caps daily charts all turn negative for the year. The SPX, which is the S&P 500 the United States stock market, and the tech-heavy indexes COMPQ and NDX, remain positive on the year.

The NYA also loses the 40-week MA at 15160 a critically-important metric that determines a cyclical bull versus cyclical bear market. 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.

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