STOCK INVESTORS ARE TOO OPTIMISTIC — THEY’RE RUNNING UP ABBOTT, JOHNSON & JOHNSON AND GENERAL MOTORS WITHOUT DOING ANY RESEARCH $ABT $DIA $GM $JNJ $MDT $SPX $DJIA
We all want the coronavirus to die off. It is the government’s job to spin reality to keep up the country’s morale. It is the prudent investor’s job to discern the truth.
The key questions for investors are: Where is the bottom in the stock market? Should you buy or sell stocks now?
Let’s examine with the help of a chart.
Please click here for a chart of the Dow Jones Industrial Average ETF DIA which tracks the Dow Jones Industrial Average DJIA.
Note the following:
• Look at the last bar. After touching the top band of the mother of support zones, the stock market has moved above the top band of the support/resistance zone.
March 30, 2020