DJ Industrial : The rise is coming to an end

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02/26/2019 | 04:56 pm
Equities in the United States have been steadily rising since the beginning of the year. These two months of increase are happening in an environment where investors anticipate an agreement between China and the United States, in order to facilitate trade between the two countries.

As a result, investors remain optimistic about risky assets, allowing the Dow Jones to grow by 12% over 2019.

Among the major contributors to this increase were Boeing, which grew by 32%. The aircraft manufacturer is followed by IBM (+22%) and United Technologies (+20%). Tech companies are discreetly placed in the middle of the ranking, like Apple, which is advancing by 10%. Of the 30 stocks, only two are in negative territory, including Coca Cola at -5%.

Technically in daily data, prices arrive at a relevant peak of 26250 points, the last peak before the November and December descent.

The area is a real obstacle that is difficult to overcome in this movement. The uninterrupted increase of more than 4000 points in two months is beginning to generate a climate of obvious overpurchase. Therefore, a return on 25400, the moving average level at 20 sessions, should be achieved in the next few days.
 
Patrick Rejaunier
MarketScreener.com 2019
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