Stock Market Analysis

Wednesday, June 19, 2013

Dow Survived Once Again!

I was correct to be careful to call an intermediate correction last week and wanted to see the Dow take out the June low in order to confirm one. The Dow turned around before beating the June low and is now once again above its 30MA in continuation of its bullish trend. Indeed, the market has been extremely resilient and has resisted every attempt at an intermediate correction all year so far.

Good thing my Ride the Flow system has managed to continue riding this bull trend for an overall portfolio gain of 7%. Check my Ride the Flow system!

For now, the Dow remains in all out bull trend.

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