DJIA - KEY EARNINGS LEVEL with 7 stocks remaining to report
The Key Earnings Level is the cumulative level where each element of the DJIA has reported earnings and created a "mass focus" level where there is either support or resistance.
I call the "Earnings Report" levels "KEY EARNINGS LEVELS".
The summation of every DJIA stock is represented by each data point listed here and has been useful for defining important support/resistance for the overall market.
If the market is above the KEY LEVEL, look for support when it falls to the KEY LEVEL. If the market is below the KEY LEVEL, look for resistance when the market rises to the KEY LEVEL.
For today, the level is 7 points under the close of May 4. 17644.
The number wont change until the next company reports earnings.
Stay tuned:
Tim West
8:31AM 5/5/2016 17651 DJIA
I call the "Earnings Report" levels "KEY EARNINGS LEVELS".
The summation of every DJIA stock is represented by each data point listed here and has been useful for defining important support/resistance for the overall market.
If the market is above the KEY LEVEL, look for support when it falls to the KEY LEVEL. If the market is below the KEY LEVEL, look for resistance when the market rises to the KEY LEVEL.
For today, the level is 7 points under the close of May 4. 17644.
The number wont change until the next company reports earnings.
Stay tuned:
Tim West
8:31AM 5/5/2016 17651 DJIA
Komen:
After MRK, KO and DIS reported, the KEY EARNINGS LEVEL has moved up to 17,785
Komen:
HOME DEPOT, CSCO, and WALMART are next to report on May 17th, 18th, 19th, respectively.
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
