Don't Ignore This Chart!

Dow Diamonds gaps down


After battling its 50-day moving average the prior five days, the Dow Diamonds (DIA) gapped down in early trading on Thursday. This gap reinforces resistance around the 50-day and is considered short-term bearish as long as it remains unfilled. 

100225dia Click this chart for details.

Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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