Health of Dow Jones and Sectors

Hello Fans of SGWiseInvestors. Good Day to you. Yesterday was a plain day. It started strong and ended with a Doji candle. 

What does 24 Nov 2014 chart says??

DOW JONES

Yesterday action is a battle of the BULL against Bear. From the first chart, DOW JONES is moving to higher low and NYMO shows that there are still room to climb before it dips. Volume does not justify for the move upwards and we will like to see more volume coming in to push the market higher. It is coming to Dec. Do note that Traders are closing their account soon and going for holiday. We can expect market to climb higher with lower volume. This is basically pushed by retailers.

Let's look at the overall health of US market. I got this chart from StockChart and I find that it is a good chart to have to see the overall health of the market. From the chart above, we can see that $INDU (Dow Jones) are improving and it is leading. This is the market where you want to go long.

Do remember to check the health before you trade in that market.

Which Sector is the strongest to Trade?

When a Trader of Swing position like to trade, he will like to know health of the market.

Follow by the sector. Now let me touch on the sector. We can see that the strongest is Health Care, Technology and consumer staples. If the market turn bearish, you should be looking at cyclical and Energy Stock. This is because you will want the maximum gain.