Today the Dow Jones Industrial Average ($INDU) 5EMA crossed down through the 20EMA, changing a Short-Term Trend Model (STTM) BUY signal to NEUTRAL.
Recently we have been plagued by deluge of whipsaw signals on the other three major indexes we track here, but the Dow has been quite unambiguous, holding an STTM BUY signal for almost three months. There are no guarantees, but this 5/20EMA crossover is steep and clean, just the kind of configuration I like to see.
Happy Charting!
- Carl
Technical Analysis is a windsock, not a crystal ball.
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