The Dow Jones U.S. Toys Index ($DJUSTY) is ending the year just about the same way it began - on a very bullish note. Recently, the DJUSTY completed a bullish ascending triangle pattern in August and September before breaking out in October. Since that time, the DJUSTY has printed another bullish ascending triangle pattern and is awaiting breakout near the 680 level. For the year, the DJUSTY is up roughly 40%, making it the best performing industry group of 2015. From the chart below, it's showing few signs of slowing:
Merry Christmas, happy holidays and happy trading!
Tom
About the author:
Tom Bowley is the Chief Market Strategist of EarningsBeats.com, a company providing a research and educational platform for both investment professionals and individual investors. Tom writes a comprehensive Daily Market Report (DMR), providing guidance to EB.com members every day that the stock market is open. Tom has contributed technical expertise here at StockCharts.com since 2006 and has a fundamental background in public accounting as well, blending a unique skill set to approach the U.S. stock market.
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