DOW JONES INDUSTRIAL IN BEAR

BEARISH IS COMING

First check Dow Jones Industrial chart that indicate BEAR TREND:

1.Three RED Soldier candlestick. Go down very fast.

2.Candlestick break DOWN its moving average 30 , 40, and 60 days just in one DAY.

3.MACD signal go down.

4.Relative Strength Index go break 50% line. RSI is one of SUPPORT line.

5.Stockhastic go down.

6.Just Momentum 200 days that indicate for long investment dow jones still in BULL position.

Fundamental

BANK, Five banks in Florida, Missouri, New Mexico, Oregon and Washington, lifting the total number of failures this year to nine as financial institutions struggle with loan defaults and a weak economy. The FDIC and Bond Street lost most of it asset. Bank of Leeton, Charter Bank, Evergreen Bank, and Columbia River Bank all lose it assets.

Crude oil slumped 4.9 percent to a one-month low amid speculation China. Now 74$/barrel and still go down till under 60$

Goods from China flooding the American.

AGENDA

27 January, FED held a meeting to determine interest rates.

This week are reports on new and existing home sales in December and January consumer confidence.