
BULLS ENCOURAGED BY STIMULUS FROM CHINA, STRENGTH IN DJIA, AND FINALLY GOOD EARNINGS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Bulls Encouraged
Please click here for a chart of Dow Jones Industrial Average ETF Trust (DIA).
Note the following:
- The chart shows that the Dow Jones Industrial Average has gone straight up in the month of July.
- Strength is spreading from the magnificent seven to other large cap stocks in the Dow Jones Industrial Average. The magnificent seven stocks are Apple (AAPL), Amazon (AMZN), Alphabet (GOOG, GOOGL), Meta (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA).
- The trendline on the chart shows that the slope is steep.