Don't Ignore This Chart!

Toys Bullish For The Holidays

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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

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Tom Bowley
About the author: co-founded Invested Central in 2004 and served as the site's Chief Market Strategist for more than 10 years. Invested Central provides stock market education and guidance for those interested in making their own financial decisions. During his tenure at Invested Central, Tom co-hosted Market Open LIVE, a national radio broadcast that covered many of the largest markets across the U.S. In addition, he has spoken at various conferences throughout the United States and Canada and has taught thousands of traders across the globe how to trade equities more wisely with an emphasis on managing risk and intermarket relationships. Learn More
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