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

Tom Bowley
About the author: is the Chief Market Strategist at EarningsBeats.com, where he provides stock market education, guidance, and trading strategies using a unique combination of technical, fundamental, and historical analysis. Tom provides EarningsBeats.com members with four portfolios (Model, Aggressive, Income, and Value), all designed to beat the benchmark S&P 500, and a revolving Watch List of hundreds of companies reporting strong quarterly earnings (must beat both revenue and EPS estimates) and exhibiting technical strength as well. These companies comprise EarningsBeats' annotated Strong Earnings ChartList (SECL), from which Tom trades exclusively. Tom writes a Daily Market Report (DMR) for members to include an executive summary, market outlook, sector/industry watch, and trading ideas. Learn More
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