DJIA Nightly Analysis Update, DIA Monday Forecast, What To Expect This Week

Nightly Analysis Update Dow Jones Industrial Average Probability of Being Up Monday: 77% Trend: Falling 16% Momentum: Falling 65% Outlook: Bearish 44% Falling Stock Market Outlook (DIA, SPY, QQQ, IWM formulated) Bullish 68.1% Symbol: DIA Exchange: NYSEArca Description: Diamonds (Dow 30 Exchange Traded Fund) DIA 09/16/16 Final Numbers (Open) 181.44 (High) 181.50 (Low) 180.44 (Close) 180.97 (Range) 1.06 DIA 09/19/16 Forecast Opening Fair Value: 181.03 Today's Predicted High: 182.39 Today's Predicted Low: 179.56 Today's Proposed Range: 2.83 Buy/Sell Rating: Sell Binary Ladder Pricing 183.80 Upside Potential R2 182.45 Upside Potential R1 182.39 High Level R2 181.84 Low Level R1 181.03 Pivot Point 179.62 High Level S1 179.56 Low Level S2 178.14 Downside Potential S1 177.81 Downside Potential S2 Five Considerations (Today vs. Yesterday) Price Internal Strength: Negative 40 Down from 42 Volume Internal Strength: Positive 0.90/1.82 Down Current Trend: Negative -23 Down from -11 Demand Factor: 87 Unch Stock Volatility: -2.48 Down from 2.37 Extreme Trading Conditions: Levels 1-4 Predicted Block Trading Resistance Levels (100,000+ shares) 184.05 184.59 185.07 185.13 Predicted Block Trading Support Levels (100,000+ shares) 177.87 177.81 177.35 176.83 DIA 6-KEY MOVING AVERAGES 8 DAY MOVING AVERAGE = 182.35 21 DAY MOVING AVERAGE = 183.87 50 DAY MOVING AVERAGE = 184.32 65 DAY MOVING AVERAGE = 182.66 30 WEEK MOVING AVERAGE = 178.31 200 DAY MOVING AVERAGE = 175.66 Central banks will dominate headlines next week, with the Fed's highly anticipated September meeting on tap. The Federal Open Market Committee (FOMC) affair has been the talk of the town for months, as Wall Street speculates on the first possible rate hike since December. In addition, the Bank of Japan (BoJ) will convene to discuss policy, with some traders bracing for a cut to already negative interest rates. What's more, next week just so happens to be the historically worst week of the year for the S&P 500 Index (SPX). Outside of macro events, housing will be in the spotlight. Along with a slew of housing data, homebuilders Lennar Corporation (NYSE:LEN) and KB Home (NYSE:KBH) are on the short list of earnings reporters. Monday, September 19 The National Association of Home Builders (NAHB) housing market index is the lone economic report on the docket. Ascena Retail Group (ASNA) will report earnings. Good luck and good trading! Sign up now for the MktMetrics.com Decision-based Analytics published pre-market. Others like it, you may too! Algorithmic Trading provides where to enter and exit. Take the guesswork out of picking stocks, today.

Knowing what to do in the Stock Market

Stock Volatility 0.57 1.48 1.61 0.98 0.94 0.29 5.3* On Monday 8/29/16 this happened * 1.73 1.73 0.59 1.26 0.14 0.84 -0.54 -0.49 6.18** Ten days later this happened ** Tuesday 9/13 9.29 4.28 2.47 MktMetrics rendered a "SELL Signal" on Tuesday 9/13. We are now waiting until after the following turns up: DJIA Outlook 73% Falling 73% Rising 73% Falling 73% Falling 72% Falling 72% Rising 72% Falling 72% Falling 71% Falling 70% Falling 68% Falling 65% Falling 64% Falling 65% Falling 66% Rising 63% Falling 59% Falling 53% Falling 50% Falling Sign up now for the MktMetrics.com Premium published pre-market. Others like it, you may too! Algorithmic Trading provides where/when to enter and exit. Take the guesswork out of picking stocks, today. 40 years experience in all market conditions.

This Illustrates How The Stock Market has Rolled Over Recently

SPDR 12 Select Sector ETFs DAILY COMPARISONS (Last Updated: 09/13/16) 76% XLF (Financials) 69% GXC (China) 57% XTL (Telecommunications) 56% XLB (Materials) 52% XLE (Energy) 48% XLU (Utilities) 48% XLI (Industrials) 47% XBI (Biotech) 45% XLK (Information Technology) 38% XLV (Healthcare) 27% XRT (Retail) 25% XLY & XLP (Consumer Discretionary & Staples combined) AVERAGE: 49% KEY: 52%-100% = Positive, 48%-0% = Negative WEEKLY COMPARISONS Week ending September 9, 2016 80% XLF (Financials) 69% GXC (China) 64% XLB (Materials) 59% XLE (Energy) 59% XTL (Telecommunications) 58% XLU (Utilities) 44% XLK (Information Technology) 43% XBI (Biotech) 42% XLI (Industrials) 36% XLV (Healthcare) 29% XRT (Retail) 24% XLY & XLP (Consumer Discretionary & Staples combined) AVERAGE: 51% KEY: 52%-100% = Positive, 48%-0% = Negative Week ending September 2, 2016 89% XLF (Financials) 77% XLB (Materials) 69% XTL (Telecommunications) 67% GXC (China) 60% XLI (Industrials) 57% XLK (Information Technology) 54% XLE (Energy) 50% XLU (Utilities) 41% XLV (Healthcare) 41% XRT (Retail) 38% XBI (Biotech) 37% XLY & XLP (Consumer Discretionary & Staples combined) AVERAGE: 57% KEY: 52%-100% = Positive, 48%-0% = Negative Week ending August 26, 2016 87% XLF (Financials) 69% XLB (Materials) 66% GXC (China) 65% XTL (Telecommunications) 65% XLE (Energy) 62% XLI (Industrials) 56% XLK (Information Technology) 50% XRT (Retail) 49% XLU (Utilities) 49% XBI (Biotech) 43% XLV (Healthcare) 30% XLY & XLP (Consumer Discretionary & Staples combined) AVERAGE: 58% KEY: 52%-100% = Positive, 48%-0% = Negative Week ending August 19, 2016 88% XLF (Financials) 75% XTL (Telecommunications) 73% GXC (China) 73% XLI (Industrials) 72% XLB (Materials) 69% XLE (Energy) 69% XRT (Retail) 66% XLK (Information Technology) 64% XBI (Biotech) 63% XLU (Utilities) 62% XLV (Healthcare) 39% XLY & XLP (Consumer Discretionary & Staples combined) AVERAGE: 68% KEY: 52%-100% = Positive, 48%-0% = Negative

BE VERY CAREFUL OF THE MAJOR MARKET INDEXES HERE

Look at the chart of the DJIA. To me, it looks like a very pretty head and shoulders pattern setting itself up. On the right shoulder currently: Declining overall volume goes right along with the pattern. "IF" the DJIA breaks about 18300, then a big sharp high volume plunge is likely. Then a rally back to about 18300 could likely happen. Then a typical head and shoulders break down, followed by a year-end rally. What's your thinking?