July 25, 2023

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. 
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