Stock Update: DOW

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Sat Feb 20
DOW is holding in WLD with N Winds. One more day here and we may have something. The red candle makes me a little concerned that we will get to see another green candle at this level, but I did get out of the Jun $27 Puts to stay long. Volume is easing and we may see another pull back. Overall the trend is still up.

Prior Notes
2-16 : Will DOW prove me wrong to break $28? I'd like to see if it can get beyond $29.
2-12 : On way up.
2-9 : Nice move up.
2-4 : Next support $25.20 and then $23.60 before reversing.
2-3 : Dow broke through $27 support and reversed the TY-DT
2-2 : Expect Dow to test $27 support. Bought Jun $27 Put. H&S forming. Broke up channel, in WLD with S Winds.

 

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