Dow Jones Review/Wheres Ford Heading?

Good Morning Stockhoppers, This market is getting very topsy turvey(are those words). We are starting to see those large ups and downs which means.....uncertainty in the market!! For a long time now we have seen nice steady gains and just some healthy cooling off with the major indexes. Not so anymore. Take a look at the Dow Jones chart,look at the wider ranging days here the last week of trading. It tells the whole story of how the market feels right now UNDECIDED bulls win one the bears win one. Look for another day of consolidation while the Dow is forming its pennant.

Ford Motor technically is showing that the market is reacting to the other auto makers news. Ford is not the only game in town anymore!, this chart is also showing indecision of which way the traders want to go. Take a look at Fords chart,what has me concerned is that the 13 day exponential moving average is leveling off and slightly turning down toward the 21 day exponential moving average.

On the bright side this is a time many traders will make a lot of money trading these wide ranging days. Just keep reading the charts - the 21 day ema and the 13 day ema. Remember the old saying the trend is really your friend.

Until next time.....Happy Stock Charting!!