NEW YORK--(EON: Enhanced Online News)--Wall St. Analyst (www.wallstanalyst.com) has announced the release of their latest newsletter The Customer’s Morning Letter: Technical Analysis for a Changing Dow.
Every morning, before the markets open, the experts at Wall St. Analyst use Dow Theory to study price-volume movements and create charts and research to forecast industry and stock performance for that day, and the near term. This daily report is essential for the tactical allocation of long horizon investors, the short term investor to extract value from a set of large and liquid stocks and for the day trader to make quick buy-sell decisions. Where does the Dow Theory see value in the Dow Jones Industrial Average (DJIA)? Today’s edition of Customer’s Morning Letter (CML) answers your questions on the following link at http://wallstanalyst.com/index.php?option=com_content&view=featured&Itemid=101
Changes in the DJIA
The DJIA replaced three stocks yesterday, reflecting the fundamental moves in the US economy towards the service sector. While Alcoa and Hewlett-Packard were dropped, Visa and Nike were added. It is the globally popular brands which are being moved in to the index. Bank of America was replaced by Goldman Sachs, a change we had expected due to performance differences since the financial crisis. With a change in constituents, chartists need to be careful about directional signals using historical price and volumes. While individual stocks may change, the psychological aspect of the Dow remains. It is the most popular benchmark observed by the individual investor.
This is the first dedicated publication which uses Dow Theory to analyze the Dow Jones Index and all thirty underlying stocks. To find out more about our analysis of the DJIA, please access today’s edition of Customer’s Morning Letter from Wall St. Analyst available on the following link at http://wallstanalyst.com/index.php?option=com_content&view=featured&Itemid=101
Sector Analysis of the S&P 500
The S&P 500 moved up again as our technical signals had predicted yesterday. To find out more about our sector level analysis of the S&P 500 and the signals for today, please access CML from Wall St. Analyst available on the following link at http://wallstanalyst.com/index.php?option=com_content&view=featured&Itemid=101
Focus Concepts, Sectors and Companies:
Relative Strength Index
Bank of America
For more information visit www.wallstanalyst.com